Finobot: The Wealth App

PurplePath Wealth Management Solutions

About this app

Financial prudence is an essence to lead a fulfilling life. Financial freedom liberates an individual from the constant monetary worries and tensions that are part of everyday life, but getting there requires a lot of work and effort. Financial literacy is the ability to understand and manage ones finances properly, all on their own. But what level of literacy is good enough? When prompted on this question, People respond ‘I know it all’ types or 'I am already doing it' kinds. What one fail to realize is that, despite, many resources and channels are made available, people are often victimized due to many “misses” – misconception, misalignment, misguidance, misrepresentation, and / or misfeasance. In many situations, individuals are faced with complex and interrelated financial issues that require the expertise of a trusted advisor with an appropriate depth and breadth of knowledge and accessibility and affordability. If everyone get this small little professional help in managing their finances, continuously, they can set their path to prosperity.

The first step in building financial security is to get a handle on one’s personal finances – from money and risk management to credit card balances and car loan payments to goals identification and prioritization to savings and investment plans – that is "personal financial planning". We leverage deep domain expertise in financial planning and investment management to provide our clients a unified platform that offers them a complete range of financial advisory. We endeavor to combine knowledge, technology and cutting-edge analytics to make exemplary acumen in wealth management available to all, and give them a definitive edge in ensuring they invest smartly for their future. We aim to play a vital role in nurturing happy individuals and families, by giving them the much needed financial guidance to live their dreams.

Income Tax Return (ITR) Filing is a mandatory activity for all individuals who earn income, above the threshold limit, from any source, irrespective of zero tax liability. Tax payment is different from tax filing. Since tax planning and tax filing are integral part of personal finance, Finobot has rolled out a tax efiling service for FY 2017-18, with an intention to help its clients in managing their tax compliance. To begin with, Finobot is aiming to serve the salaried and non-salaried individuals whose income is less than ₹ 50 Lakhs and earns income from salary, pension, property, interest, or dividends. Finobot has three plans – Zero Plan, Basic Plan, and Value Plan – to cater to the demands of its clients.

Zero Plan is FREE, for individuals who can do tax filing only from Form 16. For Zero Plan, the individuals will not be getting any of our value-added services, like Maximum Tax Savings, CA Verification, eFiling Assistance and Stand-by Support to Responding to Notices. Basic Plan is ₹199/- and Value Plan is ₹299/-, for individuals who can do tax filing with many variations and multiple sources, and the individuals will get all our value-added services.

What’s new

1. Bug fixes.
2. UI enhancements and performance optimizations.