If we told you that a
Sankarsh Chanda, a 20 year old, is not doing typical 20 year old things. He isn’t fretting over assignments and college attendance, rather he is doing something that impacts the entire investing world. He is the founder and CEO of Savart, an investment research company that aims to make people choose better investment choices, and make better financial decisions as time passes by.
So, what exactly is Savart?
Combining the best of robo analysis and traditional research, Savart drives customers towards better investment decisions by making them choose the best options available to them. Their main aim is to help people make equity and other investment choices with ease, and empower the people. They do not discriminate over the investment amount; they provide the same unparalleled guidance to each of their investors.
What is so unique about Savart is that they follow an industry leading practice- something they call as an Emotional, Financial and General analysis, or an EFG analysis. This psychometric analysis helps Savart to gauge the needs, wants, and risk appetite of their clients, and then provide them with a basic starting portfolio. Then, after a period of continued interaction, customized and personalized portfolio recommendations and investment tips follow, in order for clients to make the most of each rupee that they spend on investment.
Another USP of the company is that they have a diverse range of clientele. They cater to the services of affluent and HNI individuals and institutions, and also provide services to people in rural areas who can only invest around 100 per month.
All of these factors, combined with the work ethic of Sankarsh and the entire team, has led to Savart being able to garner INR 25 crore from all its clients within 7 months of operation.
The birth of Savart, and key challenges faced during the initial periods
When Sankarsh started investing at the age of just 14 years, he fell in love with it. So much so, that he started working with corporate organizations in order to devise investment strategies for them. This freelance work, coupled with a meticulous research under the guidance of his mentor, became the core idea and foundation for the vision and mission of Savart.
During the work that he did, Sankarsh was led to believe that there is a high number of individuals in the country that make uninformed investment decisions, or those who do not have a valid reason for not investing. Researching the facts and the reasons behind this was what led to the idea of Savart.
It was not without struggle that Sankarsh managed to take Savart to the heights that it is on today. Getting clients to trust them in the initial stages was a tough task, given their status as a newcomer in the market. Once that was sorted, getting regulatory bodies on board was another challenge.
Sankarsh and the whole team at Savart worked tirelessly to overcome all these challenges, and the result is that they are now registered as corporate investment advisors with SEBI, and are platform partners with the Bombay Stock Exchange. They are also registered as distributors with the AMFI.
Overcoming these two challenges of building trust and getting regulatory bodies on board with Savart is what has made the company grow into an example for all similar platforms out there.
A vision for the future
Savart has achieved so much in its short lifespan that it feels like it has done whatever it set out to do. This is not true, however. There is so much more for Savart and Sankarsh to accomplish, and this is just the beginning. There lies a long road ahead, and Savart must maneuver through it with the flair and charisma that it has been displaying ever since its inception. More power to you, Savart!