I was initially worried about this overhang and invested late in PB fintech (from 600 onwards)…what helped make the investment decision was my experience with MFU platform which is similar initiative for Mutual Funds. Its owned by all mutual fund houses and as a result it is no one’s baby. Experience of the platform is at best average, user experience is below par with hardly any worth while enhancements to the platform over last 4-5 years. Only reason I stick around with it is because it is truly independent platform will all mutual funds available under one bucket.
It is my hypothesis that Bima Sugam might start with a bang and eventually end up in similar state. PB fintech’s moat is current management that understands this business very well, rapid agility and good customer experience…the existing book is a big plus ensuring big tail revenue for many years.
Just my 2 cents!
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