Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="46013" type="General" weightage="50" keywordseo="kotak-mahindra-bank" source="Orion">Kotak Mahindra Bank</keyword> today unveiled a new superapp for investments called <keyword id="14095686" type="General" weightage="80" keywordseo="kotak-cherry" source="Orion">Kotak Cherry</keyword>. </li><li>The new service will allow users to manage their investments across different instruments like equity, bonds, mutual funds and even pension schemes. </li><li><keyword id="39409" type="General" weightage="100" keywordseo="kotak" source="Orion">Kotak</keyword> says that eventually, other financial products like insurance, investment advisory service and more will be added to the platform. </li></ul>Kotak Mahindra Bank, one of India’s leading banks, today launched a new product called Kotak <keyword id="62137" type="General" weightage="80" keywordseo="cherry" source="Orion">Cherry</keyword>. Although the name does not give it away, it’s a new investment service from one of India’s leading private banks. Retail investors created millions of new demat accounts every month since the pandemic broke out in 2020, participating in India’s equity markets amid an unprecedented bull run. Now, Kotak wants to bank on its name and capitalise on the interest in stock market investments. “Led by a solid team of credible and experienced professionals, we believe deep domain experience will matter when it comes to investing. It is a one-stop platform that will help people invest like experts,” said Srikanth Subramanian, CEO-designate, Kotak Cherry, in an announcement today. <cmsannotation type="cmsannotation" annotationid="Superapp of investments" comment="subhead" text="Superapp of investments">Superapp of investments</cmsannotation> Unlike other services which have opted for breaking down their target audience based on the type of investment, for instance, equity, mutual funds, or deposits, Kotak says that its service is a one-stop destination for everything related to investments. This means Kotak Cherry users will be able to do everything from deposits to stocks, bonds, mutual funds and even pension schemes. Kotak’s service will also allow its users to manage their investments made on other banking and investment providers. “Cherry will soon have complete open architecture, where the app user will soon be able to maintain their banking and broking relationships with providers of their choice, while still benefiting from the full power of our domain experience and curated services,” added Subramanian. Kotak says that eventually, it will include other financial services like stock baskets a la Smallcase, life, medical and general insurance, and international investing, too. It’s not clear if Kotak will achieve this via an API, or develop a custom solution that hooks into other platforms. <cmsannotation type="cmsannotation" annotationid="Free initially, but will be eventually chargeable, says Kotak" comment="subhead" text="Free initially, but will be eventually chargeable, says Kotak">Free initially, but will be eventually chargeable, says Kotak</cmsannotation> The Kotak Cherry service will remain free while it garners users – the bank has a target of one million users by the end of this year. Eventually Kotak will announce a subscription model later. It refrained from specifying if every service on Kotak Cherry will need a subscription, or if only specific advisory-related services will be chargeable. Kotak Cherry is currently available on Android and iOS, or via the web at <a href="https://www.kotakcherry.com/">Kotakcherry.com</a>. It remains to be seen if users are really interested in putting all their eggs into Kotak’s basket, but a one-stop-shop for investments may prove to be interesting. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/rakesh-jhunjhunwalas-delta-corp-stock-lost-more-than-a-third-of-its-value-in-two-months/articleshow/91957129.cms">Rakesh Jhunjhunwala’s gamble on this stock is proving to be a bust after it slips 20% in a month</a> <a href="https://www.businessinsider.in/tech/news/new-vpn-rules-expressvpn-removes-its-servers-from-india-other-companies-may-pull-out-too/articleshow/91959389.cms">New VPN rules: ExpressVPN removes its servers from India, other companies may pull out too</a> <a href="https://www.businessinsider.in/business/corporates/news/delhivery-is-nothing-like-zomato-or-paytm-credit-suisse-expects-the-stock-to-outperform/articleshow/91957394.cms">Delhivery is nothing like Zomato or PayTM - Credit Suisse expects the stock to outperform</a>

Kotak’s superapp for investments hopes to gain one million users by end of the year

You Searched For "kotak app cherry" and got 1 results

Kotak’s superapp for investments hopes to gain one million users by end of the year

Rounak Jain

Popular Keywords

Buying Guides