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5 Platforms enabling financial freedom to mothers

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Ashok Pandey
New Update
financial freedom

Financial stability is important for every person, especially for homemakers. Gone are the days when people had the perception that homemakers just look after the kids while their man goes to work and takes care of the finances.

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Homemakers take the day to day decisions which involve financial thinking like everyday shopping, paying the domestic help etc. They are smart and know how much to spend and on what. They have the potential to become excellent investors. Here are five platforms that will help your homemaker mom to invest her money and achieve financial freedom.

Groww

This is a new age platform that has been able to create a user base of 6 million for itself since its launch and maintain an impressive growth trajectory. Groww helps you transact in mutual funds and also stocks online. Although Groww’s user base consists of mostly millennials, It is an excellent platform for first-time investors, especially homemakers.

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Investing on Groww is safe, easy and gives you full control. The platform creates personal finance content to help consumers to better understand their finances. To help investors gain insights they also have established active communities both online and offline where investors can interact and learn from peers.

Groww also has helpful posts on their blog like “Smart Housewife Portfolio” which tells the homemakers how their portfolio should be one with low risk, transparent and no penalty for early withdrawal.

Goalwise

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Goalwise is a free direct mutual fund platform that also acts as your automated financial planner. Goalwise has a systematic and scientific approach to investing which helps you generate maximum returns on your mutual fund investments. The algorithm of this app is super helpful as it suggests better performing funds based on your previous investments.

It also has highly responsive customer support that will help you solve any issues that may arise. This is a perfect app for mothers who are goal-oriented and want to invest their money to achieve those goals. Goalwise lets you know whether your goals are on track/off track, if they are off track it gives investment recommendations to get them back on track.

PayTm money

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Almost every person uses PayTm for their daily transactions, now this trusted brand has its own investment platform. PayTm money offers risk-free assessment and investment advice to new users who are not familiar with these fields.

Before investing a person needs to do some basic groundwork like ascertaining your risk profile, identifying and estimation of goals etc, PayTm money will handhold your mother through her investment journey and help her increase her wealth.

MyCAMS Mutual fund app

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This platform provides a single gateway to invest in multiple mutual funds. MyCAMS has multiple features, it helps you get one view of your MF Portfolio, open new folios, purchase, redeem, switch, set up SIP and more.

It also has a scheduling option which helps investors to set up future Mutual Fund transaction This app facilitates faster, easier and smarter ways to transact in mutual funds. A safe and easy to use app that will be helpful for every mother in her path to financial freedom.

Zerodha Coin

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This is an initiative taken by the reputed online broker Zerodha. The coin is also a mutual fund investment platform that provides the facility to buy mutual funds from more than 40 Asset Management companies.

The user would be free to start, stop and edit the investment as per their preference. Zerodha does not charge any commission as well. This would be perfect for anyone who wants to start their investment journey.

So, this Mother’s day make your mom aware of these platforms. Homemakers already have a knack for financial management. With a little bit of help from technology, they can achieve their dream of financial independence.