Following the Indian government’s ban on real-money gaming, Dream Sports the parent company behind Dream11 is testing a new personal finance management app named Dream Money.
Dream Money comes with the following features-
- This will allow people to invest in gold or set up a SIP (Systematic Investment Plan) on a daily or monthly basis, starting from just Rs 10, facilitated through a partnership with digital gold platform Augmont.
- This app also allow users to track their income, expenses and investments in one place, by linking bank accounts and assets such as mutual funds, stocks, and Exchange Traded Funds (ETFs) and provide them with daily and monthly financial analysis, smart recommendation based on their finances. For this feature, Dream Sports has partnered with fintech startup Upswing, which offers an open finance-as-a-service platform
- The app also lets users invest in fixed deposits starting from Rs 1,000, without needing a bank account, and the money can be withdrawn anytime. For this feature, Dream Money has partnered with SEBI-registered advisor Sigfyn.