ACRU assists you in your
Financial Wellness journey
accumulate small change & make it work for you, save for a goal, invest, and many more
Financial Wellness for All
“I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
Differentiated approach to Democratize Wealth Management for the Next Billion
“If you save money, put it in your piggy bank or put it in your savings account, but put it somewhere. I don’t care where you put it. But make it tangible.” – Dee Lee
How it works
Remember the good old childhood days of saving pennies in your piggy bank? Wasn't it fun? ACRU is simply its digital / grown-up version
Each time you make a payment whether through net banking, credit or debit card or UPI, online or offline, based on your pre-defined round-up principle, ACRU’s algorithm accumulates the “loose change” to your Piggy Bank
For e.g. If you pay a vendor INR 447, and if your accumulation rule is to round-up to the nearest INR 100, INR 53 would be credited to your Piggy Bank & invested into a liquid mutual fund
Moneys accumulated in the Piggy Bank can be redeemed by you for any purpose including for a goal, both financial & non-financial.
You could set-up your round-up algorithm to transfer the ”loose change” to your Digital Gold Account as well
You also define the minimum investment amount of either INR 100, 500, 1000 or 3000; as and when the Virtual Account accumulates a balance of this defined minimum investment amount,
Acru automatically transfers the amount to your predefined Mutual Fund using the Unified Payment Interface App (UPI App – either BHIM, PhonePe, etc.) installed on your phone.
Micro-investing is when you invest small amounts of money regularly
Acru is a Financial Wellness mobile only platform. It is a one-of a kind Micro-Saving & Investment Account akin to the familiar Piggy Bank / Gulak / Uṇṭiyal. It enables an user to open an investment account electronically for investments into mutual fund schemes of the leading Asset Management Companies (AMCs) registered with SEBI.
The money that you invest or redeem through the Acru platform are directly credited to the respective Mutual Fund Accounts and no money is routed through or credited into Acru’s bank accounts. The AMCs confirm the receipt or payment of the money as well as the transaction through SMS and email attaching the Statement of Account (SOA) directly to the user. The transaction details are also made available to the user on the app.
News Views & Blogs
February 26, 2021 ACRU Updates https://play.google.com/store/apps/details?id=com.com.acru.solution Related Posts April 18, 2021 April 4, 2021 January 6, 2021 Source link
NAV on Purchase of MFs Till now, purchases upto INR 2 lakhs were allotted units based on the NAV of the day the purchase request...
You want to create a portfolio of listed equity stocks but are not sure whether you would have the money? A look at the stock...
A penny saved is a penny earned
Earn money while you shop
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