Pluto Money: Auto Investment 9.8.22

The perception of investment among Indians tends to favor safety and the promise of positive returns. Many individuals require a straightforward savings application that facilitates automatic investments based on predefined parameters. Pluto Money seeks to cater to this need for the common citizen.

By allowing users to specify their financial goals and monthly savings amounts, Pluto Money efficiently manages the investment process. The designated savings are automatically directed into a chosen savings scheme, aiming to outpace inflation and yield beneficial returns.

Pluto Money offers four saving schemes with varying rates of return:

• Pluto Fixed: 10-14% return with a minimum investment of ₹1,000, subject to different lock-in periods.
• Pluto Plus: 10% return with a minimum investment of ₹500 and no lock-in period.
• Pluto Gold: Average return of 12% with a minimum investment of ₹100 and no lock-in period.
• Smart Savings: 10-14% returns with a minimum investment of ₹100 and no lock-in period.

Establishing sound financial habits begins with diligent savings. Users can initiate their saving journey promptly within the app, designed for ease of use. Investments can be directed into schemes featuring 24K digital gold and RBI-certified peer-to-peer assets, boasting attractive returns which often surpass conventional fixed deposits.

Pluto Money enables users to commence savings and investments with minimal starting amounts and provides automated options for contribution management. The process is streamlined into four simple steps:

1. Register your Pluto account using your mobile number.
2. Set up UPI autopay via platforms like PhonePe, GooglePay, or Paytm.
3. Allow Pluto to save daily or monthly based on your selected scheme.
4. Withdraw savings instantly through the app to access funds in your bank account.

The app also includes engaging features such as the "Wheel of Savings," where users can earn spins through transactions, offering opportunities to double their savings or gain cashback rewards through interactive games.

Users are reassured with complete control over their finances; they can pause, restart, or withdraw funds at their convenience, providing an adaptable approach to managing savings and investments.

FAQs

• What is needed to create a Pluto account?
  A valid phone number and a UPI account with providers such as PhonePe, GooglePay, or Paytm.
• Is KYC required?
  Yes, KYC verification is mandatory for utilizing Pluto Money's services.
• Who is eligible to invest?
  Any Indian citizen over 18 years old with a bank account can invest using Pluto Money.
• What is digital gold?
  Digital gold refers to real gold stored virtually, ensuring safety and easy conversion to physical gold upon request.
• What are P2P funds?
  P2P funds involve pooling resources from individual investors to finance various loans or projects on the platform.
• When can I withdraw funds?
  No minimum lock-in period exists; users may withdraw their savings after 24 hours post-investment.

The mission behind Pluto Money is not solely about saving; it aims to render the experience both enjoyable and rewarding for all users involved.