5Paisa partners Neo Bank Dinero for retail investors

Neobank Dinero has held hands with discount broker 5Paisa to help new-age retail investors in alternative low-cost investment products.

According to the delivery, “The organization will allow Dinero to offer order execution capabilities with a specific focus on passive funds (ETFs) for clients on the platform. Likewise, clients on Dinero’s foundation can likewise open new Demat accounts with 5Paisa to conduct transactions and link their present 5Paisa record to Dinero’s platform.”

As per the company statement, “Dinero will help clients in meeting their way of life goals by investing in ETFs and giving them customized offers and rewards. Likewise, developing the habit of investing into ETFs as a secure investment alternative in unpredictable markets helps end-users in building a robust portfolio.”

In the interim, Dinero educated that in the month of January 2022 will be coming out with the beta form of their application for their clients which will assist with meeting the monetary objectives of the investors through low-cost investment products.

Remarking on the association Chief Business Officer of Dinero, Nikhil Potluri said “Given the strong interest from retail investors in the capital markets, there is no question that future is passive investing. Indian ETFs are on the verge of exploding, as the adoption of passive investing into the US and Europe.