The digital bank Nubank announced on Tuesday (20) its first investment funds.
The goal of fintech is to expand the offer of products and services and profit from its more than 35 million customers in Brazil.
According to Nubank, three funds in the multimarket category will be launched and the minimum investments will be R $ 1.
Investments will consist of quotas from other funds
Each of the investment products (Cautious Selection, Equilibrium Selection and Potential Selection) will consist of quotas from other funds in the market.
According to fintech, the quotas will include fixed income assets, shares in Brazil and abroad, gold and dollar indexes. Recommendations on the best investment will be made based on the investor’s risk profile.
As informed by Nubank, investment portfolios will be made available to clients directly in the digital bank application in simple language.
But not all customers will have access to the products at this early stage. Only a limited group of customers will have access to funds that will be extended to the entire customer base in the coming months.
Management fees vary from 0.3% to 0.5% per year according to the portfolio. In addition, the fees charged by the administrators of the portfolios that make up these funds will be included.
Nubank wants to take money out of savings
The co-founder of Nubank, Cristina Junqueira, explained that the initiative aims to serve users who still save their resources in savings, although the application offers profitability below inflation.
Currently, Nubank offers a 100% return on the CDI for investments deposited in digital accounts. Such remuneration will be maintained with the launch of the funds.
Customers who wish to make applications will be directed to the fund with the best compatibility with their profiles.
The digital bank did not reveal, however, how much it hopes to raise with the launch of the funds.
It is worth noting that in the last 12 months, Nubank’s customer base grew by 50%. The expansion is the result of social isolation and the consequent search for digital services by Brazilians.
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