Hyderabad-based Jama Wealth partners with WealthDesk
Hyderabad: Hyderabad-based Jama Wealth, a wealth advisory platform, has joined as a Registered Investment Advisory (RIA) partner on WealthDesk’s platform, where one can invest in systematic and modern investment products. Jama has been operational since 2016 and is into investment and equity advisory as well as financial planning. The company has advised clients on an […]
Hyderabad: Hyderabad-based Jama Wealth, a wealth advisory platform, has joined as a Registered Investment Advisory (RIA) partner on WealthDesk’s platform, where one can invest in systematic and modern investment products.
Jama has been operational since 2016 and is into investment and equity advisory as well as financial planning. The company has advised clients on an aggregate Assets Under Administration (AUA) of about Rs 750 crore (about $100 million).
The flagship equity portfolio has generated an annualised return of 48.70 per cent per annum, since August 2019, compared to 28.16 per cent per annum by Nifty Total Returns Index in the same period.
Ram Kalyan Medury, founder & CEO, Jama Wealth, told Telangana Today, “Our association with WealthDesk will enable us to offer highly curated equity portfolios to a savvy set of investors. We are focused on the high net-worth individuals (HNI) segment and with this tie-up, we are expecting to reach a wider audience that includes the top-end of the mass affluent segment. This includes professionals seeking to invest in the growing equity space and investors from tier 2/3 locations as well.”
“WealthDesk currently has 17 brokers on its platform, which allows JamaWealth.com and other advisors to reach investors from all over India. We aim to grow the number of brokers on the WealthDesk platform to 25 by March 2022, providing a wider coverage to the advisors on our platform,” Ujjwal Jain, CEO and founder, WealthDesk said.
Emerging trends
In the last 18 months, many new investors entered the market. A growing equity market attracts people because of the FOMO factor (Fear of Missing Out). Many investors are looking for better returns beyond the fixed deposit or a mutual fund scheme. Both of these scenarios are opportunities for both the partners.
Reports suggest that 75 per cent of demat accounts are dormant. This has been due to a lack of guidance on how to grow wealth through broking and a lack of good quality research advice. By using technology and onboarding advisors such as JamaWealth.com, WealthDesk aims to solve such problems, Jain said.
The mutual fund (MF) segment today stands at Rs 38 lakh crores, of which about Rs 10 lakh crores have come just in the last 12 months. Equity funds are about 47 per cent of this; the retail investor has a 76 per cent exposure to equity. While MFs are great for a beginner investor, a savvy investor often observes that 85 per cent of active funds underperform the index on a three-year basis.
Long-term wealth
Medury said, “While one cannot predict the market levels, JamaWealth.com is optimistic about the long-term returns of the Indian public equity space given the massive reforms, infrastructure push, and growing financialisation and digitisation.”
Jain further added, WealthDesk is expanding into an internet scale Unified Wealth Interface (UWI) layer, which sits on top of broking platforms. UWI will eliminate many challenges the investors face to create long-term wealth systematically and make it easier for investors to invest in stocks and portfolio solutions in internet setup seamlessly.
UWI has the potential to expand the wealth management industry in the internet economy in the same way as UPI disrupted digital payments for expanding e-commerce.
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