Goalwise

Organise your investments with this app

Not every day you come across an app like Goalwise which can handle something as sensitive as financial planning and investment for you. With zero commission direct mutual funds to invest in, it caters to both novice and experienced investors alike, who are looking for goal planning and automation. Their promise is simple: Invest like an expert, without having to be one, and the intuitive interface and simple in-app communication takes care of this.

Platform

The best part about the Goalwise app is that you no longer have to stay glued to business news in order to analyze investment options. The process is simple, you choose investment goals like tax saving, wealth creation, emergency fund, retirement, etc, personalize the goal with your own target and time duration and the app presents algorithm backed mutual funds that are best suited to reach your goals. These funds are also periodically reviewed and updated by Goalwise.

Features

Every year, the app offers SIP and portfolio rebalancing options that allow you to update your current funds to the new recommendations in just a few clicks. The rebalancing automatically takes into account exit loads and taxes so that only exit load free units with minimum taxes are rebalanced. The app also has advanced goal tracking options and provides recommendations in case your goal is off-track that tell you what adjustments are needed in your SIPS or time horizon in order to reach the desired goal.

User Interface

The platform delivers a highly customizable experience by allowing flexible SIPS which can be modified according to your investment needs. The customer onboarding and assistance process is very smooth as well; the KYC and registration is completely paperless and allows you to start investing within minutes of signing up. Goalwise has fantastic customer support and offers a live chat in addition to support on email. For first time investors, the app offers options like checking their risk profile via a questionnaire and hence tailor their investments accordingly.

Practicing what they preach, the app boasts of complete transparency by disclosing their own portfolios under “GW Buddy portfolios”. Here you can see the investment portfolio of the founders and other team members and also have the option of selecting the same goals to invest in for yourself. This is a feature that sets them apart from their contemporaries.

Availability and Stats

The app has garnered a lot of appreciation from users and is currently rated 4.6 on Google Play. It is available for free with no in-app purchases or hidden costs for Android and IOS alike. Needless to say, with an app like Goalwise on your phone you do not need to agonize over your financial problems anymore.n