{"id":42122,"date":"2024-05-03T14:40:15","date_gmt":"2024-05-03T14:40:15","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/03\/et-money-emerges-top-online-wealth-management-player-india-business-news-times-of-india\/"},"modified":"2024-05-03T14:40:15","modified_gmt":"2024-05-03T14:40:15","slug":"et-money-emerges-top-online-wealth-management-player-india-business-news-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/03\/et-money-emerges-top-online-wealth-management-player-india-business-news-times-of-india\/","title":{"rendered":"ET Money emerges top online wealth management player | India Business News &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-109799336,imgsize-31322.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ET Money emerges top online wealth management player | India Business News &#8211; Times of India\" title=\"ET Money emerges top online wealth management player | India Business News &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: <!-- -->Investment platform<!-- --> ET Money has become a top player in the <!-- -->online wealth management<!-- --> market, focusing on long-term <!-- -->wealth accumulation<!-- --> for <!-- -->affluent Indians<!-- -->.<br \/>It has helped users manage Rs 63,000 crore (approximately $8 billion) as of March 31 in investment assets and, on an average, is adding Rs 2,700 crore of new assets every month.<br \/>The company\u2019s subscription-based advisory service <!-- -->ET Money<!-- --> Genius has witnessed its paid-subscriber base expand at 162% CAGR over the past two years, making ET Money India\u2019s largest Registered Investment Advisor in terms of the number of paid customers.ET Money Genius is unlocking a new customer segment with annual income of Rs 10 lakh to Rs 1 crore \u2014 that was previously unable to afford high-end wealth management services offered only to the ultra-rich Indians.<br \/>ET Money has been gross-profitable for each of the last 11 months and has seen its revenue grow at 90% CAGR over the last three years. Also, about 70% of its revenue is recurring in nature. ET Money boasts of an annual user retention rate of over 90% and Execution Only Platform (EOP) license from Sebi is expected to boost its financial profile further, allowing it to monetise direct mutual funds and improve gross margin to go beyond 80%.<\/p>\n<p>We also published the following articles recently<\/p>\n<p><\/p>\n<div data-type=\"in_view\" class=\"XVY2D  \"><a href=\"https:\/\/timesofindia.indiatimes.com\/india\/equality-of-wealth-is-a-bad-idea\/articleshow\/109793094.cms\" target=\"\" frmappuse=\"1\" rel=\"noopener\"><strong>Equality of wealth is a bad idea<\/strong><\/a><br \/><span>Debate on wealth creation and taxation in India. Emphasis on self-made wealth, tax policies, and societal equality. Gandhi&#8217;s historical perspective on wealth disparity. Advocacy for institutional reforms and equitable opportunities for all.<\/span><\/div>\n<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if 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billion) as of March 31 in investment assets and, on an average, is adding Rs 2,700 crore of new assets every 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