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Frequently asked questions

What is Bharosa Club and why was it created?

Bharosa Club was created for one purpose: Eliminating bad selling. What is bad selling? Bad-selling is the practice of selling the wrong products to the customer. It occurs in markets where products are overly complex and manufacturers do a poor job in communicating "Vasool" (value) to their customers. As a result, customers are forced to use distributors and advisors who receive commissions and other incentives that distort their advice. The result: good products don't find their way to good customers. With technology, Bharosa Club changes this. We give people tools to see for themselves if the products they hold are ‘paisa vasool’, and if not, to take action to make them so. We make it easy to make good decisions.

What is ‘Paisa Vasool’ (value for money)? Please give an example.

When a person buys toothpaste the total costs they pay ("paisa") and the value they receive ("vasool") is clear. Customers know the prices and the brands and making the right decision is as easy as 1-2-3. This is not the case with financial products. Fees are often hidden and paid without the customer actually taking out his or her wallet! You wouldn't buy a TV without knowing the price, would you? But you are almost certainly doing the same with your financial products. Now you don't have to.

Why did Bharosa Club start with mutual funds?

In our opinion, mutual funds used correctly are the single best investment product for the vast majority of people. But because they are poorly sold, poorly explained and therefore, poorly understood, this "Vasool" is not being properly delivered! The result:

• Only 3% of Indians even have a single mutual fund (v.s. 50%+ in the U.S.)
• Even those who use them are not getting their full vasool due to poor fund selection & costs
• Indian households are not fully participating in the tremendous growth of the country

Thus, we felt that mutual funds provided a way to make a big difference quickly to our members' financial wellness.

Who can join Bharosa Club?

Anyone. If you are a minor you will need to ask your parent or legal guardian to join Bharosa Club for you.

Currently it is very valuable for:

1. Someone who has never invested in MFs and wants to get started
2. Those who have MFs
3. Someone who wants to deepen their understanding of financial products. We will be adding Loans, Insurance, Credit Cards etc over time.

What does Bharosa Club do and what does it not do?

We do not give specific advice. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investments in securities market are subject to market risks and investors should read all the related documents carefully before investing.

We do not provide any investment advice or prepare research analysis / reports.

We do not have execution capabilities, hence people can transact where ever they chose to do so.

While we endeavour to ensure that all content on our website is correct, we cannot guarantee this, as we rely upon data generated by third parties. Accordingly, we cannot make any representations as to the accuracy, timeliness, suitability or completeness of any information prepared by any unaffiliated third party, whether linked to or incorporated in our website.

Bharosa Club will not be responsible for any damages, direct or consequential caused by the information and analysis it provides.

Do the services provided by Bharosa Club need it to be regulated by the financial service regulators in India?

No – we do not give specific advise. We give people tools to understand the most paisa vasool products, which they can discuss with their advisors, or use with their own discretion.

Is Bharosa Club free?

For people with no MF portfolios or those with less than Rs 5 lakhs portfolio we are free.

How does Bharosa Club make money?

Our only source of revenue is member fees. These will always be kept low because we always want to be a paisa vasool club, even for our fees, not just for products. Hence this model works only if we get a large number of members.

Our costs are low. We never intend to have a large team.

We do not plan to spend on marketing.

We hope that members will get members because we are truly doing what is good for the people.

How will you use my data?

We only collect data which is required to give you a paisa vasool analysis. You can refer to our privacy policy for information on how we use your data.