Sankarsh first tested the investing waters with his personal investments, which started at the age of 14. After a couple of years of struggling with creating a disciplined investment strategy, he had exhausted all his savings either by losing some money and investing the rest. While the money was limited, ideas were aplenty. This kindled the idea of investment advisory in him. Savart was established with an aim to help everybody make smart investments in stock and mutual funds to harness the power of compounding to create wealth. Savart is an investment advisory company established with the aim of helping people make smart investments in stock, mutual funds, and bonds to achieve their financial goals. The company was founded by Sankarsh Chanda at the age of 18 years. He is a certified research analyst and also leads to the growth & research initiatives at the company.
The company believes that ‘following one’s passion’ is imperative to live with satisfaction, thus, committing to actively reduce the time people spend on earning money and instead of growing it.
Savart currently advises over 100 crore rupees in assets and works with clients from over 30 countries. Savart employs intelligent systems, algorithms that understand, analyze and advise clients with support from its in-house research analysts. The company has developed the EFG (Emotional Financial & General) Analysis that helps understand the goals, risk appetite & requirements of clients. The data from EFG is then used to build a unique investment profile of the client and the final output of a well-diversified portfolio that the client can invest.
The company provides investment advisory services including portfolio reviews, advice on the purchase, re-balance and sale of investments. The company mentioned that it maintains pricing plans starting at INR 2499/- as most of its clients are first-time investors and start with a small amount of investment.
The company has also mentioned that it has been receiving multiple customers queries requesting reviews on their loss-making portfolios either caused due to reckless personal trading or broker-recommended action. A separate system was created to review and recommend action on such portfolios too.
Savart has been consistently investing in its research systems and technologies that collect & interpret over 1200 parameters classified as quantitative, qualitative & behavioral data. The eclectic data helps analyze businesses holistically, including important parameters like corporate governance, ethics & business quality & moat. The company states that while there is a lot of automation involved, the role of human research has not been completely eliminated as it brings a lot of intuitive intelligence to the process. A combination of both is what works the best.
Savart has already started its grass-roots outreach program to spread financial & investment awareness and is expanding its presence in rural & sub-urban areas. The company has said that the response has been tremendous so far and is taking steps to grow the same.
The company will also be unveiling its upgraded web & mobile applications early next year & also launch the fully autonomous investment research system by the end of 2020. The system will be powered by state-of-the-art artificial intelligence & machine learning technologies and enhance the research activities of the company considerably.
It would be interesting to see how the new year pans out in the investment-tech space with players like Savart investing in novel technologies and markets.