Just wow. Now there is a concept that sells itself. It's easy to see the Total Addressable Market potential. Savings institutions such as Vanguard and BlackRock are completely embedded in our lives. Every high school student who graduating this summer was probably given the same advice to start saving early and I'm guessing for those who did, many selected a Vanguard fund. At least those not speculating in BTC and ETH.
For Asia's emerging middle class, solving the problem of where to safely invest for generational periods of time looks daunting but enormously rewarding. Am interested in hearing about all aspects of the issues and Piggy's solution. What are the cultural roadblocks to getting young Indian professionals who just want to spend on travel, living material goods, etc. to think about investing long term? What comprises the funds holdings? How do you solve the issue of liquidity? Are you considering developing your own products such as market ETFs for direct investment?
The concept isn't novel. In fact, I would argue that they're late to this game. I am using Scripbox for a while which works fine. As I see, they're not launching their own fund, they would be investing in existing ones, which kind of makes "Vangaurd for India" a misnomer.
I think the addressable market is huge, partly because the major things allowed in the tax saving section 80 (C) are life insurance premium, a government backed retirement fund (PPF), and long term mutual funds. The last one is the easiest to invest into. That means it's relatively easy to onboard working professionals if they are want to save tax in that section.
One issue is that the public isn't knowledgable enough about merits of equity markets. For some, it's a gamble and would rather go with fixed-rate funds.
Just wow. Now there is a concept that sells itself. It's easy to see the Total Addressable Market potential. Savings institutions such as Vanguard and BlackRock are completely embedded in our lives. Every high school student who graduating this summer was probably given the same advice to start saving early and I'm guessing for those who did, many selected a Vanguard fund. At least those not speculating in BTC and ETH.
For Asia's emerging middle class, solving the problem of where to safely invest for generational periods of time looks daunting but enormously rewarding. Am interested in hearing about all aspects of the issues and Piggy's solution. What are the cultural roadblocks to getting young Indian professionals who just want to spend on travel, living material goods, etc. to think about investing long term? What comprises the funds holdings? How do you solve the issue of liquidity? Are you considering developing your own products such as market ETFs for direct investment?