Nestvest launches investment advisory ops to help parents build financial security for their child

New Delhi, Nov 5 (PTI) Nestvest, a SEBI-registered goal-based investing app for parents from Wealthdoor Group, has launched its investment advisory operations to help parents build financial security for their children.

     With zero commission, Nestvest makes professional investment guidance accessible and affordable for Indian parents, including in Tier 2 and Tier 3 cities, at a flat annual advisory fee, the company said in a statement on Thursday.

     Built on Wealthdoor's experience in financial advisory operations in the US, Nestvest enables parents to invest towards their children's future milestones, including higher education, weddings and purchase of a first home, it said.

     The offering includes personalised portfolios comprising direct mutual fund plans, automated contributions and goal-wise tracking.

     The portfolios are recommended based on the investment horizon of each goal and the parent's risk profile, it said.

     As part of its pan-India launch, Nestvest has introduced an inaugural advisory subscription starting at Rs 29 per year for a limited festive period, compared with its regular entry-level plan of Rs 599 annually.

     "We believe professional wealth management should not be a privilege reserved for wealthy families. Through Nestvest, which is built for every Indian parent, our mission is to help India move from self-investing to goal-based, advised investing," Wealthdoor and Nestvest founder Kunal Anand said.

     The platform has also introduced 'Shagun', a one-time investment top-up facility that allows parents to channel monetary gifts received by their children towards long-term financial goals instead of using them for routine expenses, it added.

(This story has not been edited by THE WEEK and is auto-generated from PTI)