Digital-first investment platform Nivesh adds another financial product – Digital Gold

New Delhi, March 30, 2022: Nivesh, a digital-first financial services company, has added Digital Gold as another investment option on its platform to provide a world-class wealth management experience to its users. The company has partnered with MMTC-PAMP to offer Digital Gold as an investment option.

Digital gold is the virtual investment of gold with pure gold as its underlying asset and translates into holding gold virtually. One can be assured of the highest level of purity of the gold as MMTC-PAMP offers 24K, 999.9 purest gold that is safely secured in 100% secure and insured bank-grade vaults on behalf of investors. With LBMA accredited gold being available for as low as Re 1/-, it is a safe and sound investment being offered on Nivesh’s platform.

Talking about adding another investment option, Anurag Garg, Nivesh Founder and CEO, said, “We had started our journey with offering mutual funds as an investment option. Over the years, we have expanded our offerings and today we are glad to introduce Digital Gold as another investment option for our customers. Digital Gold is an excellent mode of holding Gold and building investment gradually in the long-term without associated costs of storage and safety. We are making investments in Digital Gold easier for our users through our platform.”

The undoubted pioneers of digital gold in India, and the largest player in the market, MMTC-PAMP brings together MMTC Ltd, a Government of India Undertaking and Switzerland based bullion brand, PAMP SA. A combination of Swiss craftsmanship and Indian values brings to the fore products that assure unmatched quality and purity.

Sharing her views on this collaboration, Anika Agarwal, President, Consumer Business MMTC-PAMP said, “MMTC-PAMP strives to deliver authenticity and purity to its consumers and we have the largest gold ecosystem in the nation. Digital Gold is a dynamic investment instrument that is completely liquid by allowing investors to buy/sell at any time, without levying any transaction or exit charges and unlike gold jewellery, digital gold doesn’t incur making charges. Whenever required, investors could liquidate their investments 24×7 with a single click going by real-time rates. MMTC-PAMP’s quality assurances are unmatched and we have captured the heart of the Indian middle class through this collaboration. Nivesh offering digital gold on its platform will mean the proliferation of digital gold into lower tier cities and will help people be cognizant of a newer, safer, investment option.”

Nivesh, a wealth creation platform, enables its users to grow their wealth using science, data, and technology. It offers other investment options such as Mutual Funds, Fixed deposits, Peer-to-Peer Lending, Alternative Investment Fund (AIF), NPS and Bonds.