Minance is one among the anonymous startup that Bengaluru has produced. I would describe them as professional money managers who are managing the accounts of all partners. They call their customers as partners. Minance helps partners in building wealth based on Algorithmic trading.
I found that Minance is one of the transparent organisation when dealing with partners. Minance is led by Anurag Bhatia who has a credible name in the industry.
What does Minance do?
A managed account is an investment account that is owned by an individual investor and managed by professional experts. Minance is doing the job of professional experts here.
I am also a Minance partner. I have a decent investment with them and planning to gradually increase it.
Read: Preview of my Investment
Minance does trading with whatever amount you have invested with them. They take a 20% cut from the profits. You can withdraw the invested money anytime.
Minimum Investment with Minance:
The minimum investment has increased from 25000/- to 1,00,000/- INR. I made an initial investment which is twice around the minimum investment.
The Demat and trading account will he held with Angel broking. Just like any other Demat account, your money will be deposited in your trading account and Minance doesn’t have any authority on it. Minance only role is trading from your account.
You will have login ID and password of your ANGEL account. So, log in and check all your investment and trading details in ANGEL.
I would recommend everyone to start with a minimum investment of 2 – 3 Lakh to get maximum profits.
Capital Protection with Minance:
Minance provides 5% capital protection against your capital investment. What this means to an investor is you will lose a maximum of 5% of whatever the capital you have invested.
Suppose you have invested 1,00,000 INR, then 95000 is guaranteed protection for you. At Max, you can lose 5000 /- from them.
Nobody has ever given this kind of protection. This capital protection is what stands out from their competitors.
There will be a legal agreement between you and Minance which ensures this capital protection. They claim to have a robust risk management strategies which handles this protection during adverse times.
Returns from Minance:
As told by Relationship manager, the historical returns from Minance are quite good for retail investors. The average return is around 50% per annum.
Invested Amount: 5,00,000 /-
Average Historical Returns: 2,50,000/- which is around 50%
Please note that this return may vary as per your risk profile. And each individual may have a different set of numbers.
How Minance makes Money:
As I told earlier, Minance charges 20% out of your profit. So it is purely based on performance.
If you make a profit of 50,000, you have to share 20% of this 50,000.
As updated in one of Quora posts, Minance also charges 70% of the brokerage from Angel Broking.
Pros of Investing with Minance:
#1) You can enter Stock Market trading without any risks( I would say Zero risks).
#2) Capital protection of 5% offered by Minance is the first in the industry. This shows the credibility of risk management strategies.
#3) Individual Profit sharing of 20% mandates them to perform better. This is a performance linked scheme.
#4) No account management fees by minance.
#5) All partners are taken care of while filing the returns for tax.
#6) You receive SMS / Email regularly on all the happenings in your Demat account.
#7) If you are a working professional and will not be able to invest your time in trading, then Minance is an ideal partner.
Cons of Investing with Minance:
#1) Minance headcount is low. This can be one of the reasons you can expect a low response from them. I have seen this in quora reviews of minance. But my RM Sarbashish is one ping away from me. I get answers to all my queries through WhatsApp. I feel he can be reached anytime.
#2) As of now, 516 is the annual charge from second year for account maintenance.
#3) I have also heard that legal agreement for capital protection is not delivered to many. I feel this issue is due to their low headcount.
Companies similar to Minance:
Other companies which are also in same business of Algorithmic trading are Square Off, Return Wealth.
All these companies are SEBI registered.
Is Minance worth the Investment:
Did you just go through all the pros I listed above? No other business offers you these type of services to retail investors.
I would bet BIG on them and invest my hard earned money. I believe I will have good night sleep if I invest with them.
MINANCE for me is MY-FINANCE and I fully trust them.
You Can start investing with Minance here: Invest With Minance