Safety of moneyLast Updated: May 06, 2019
The company behind Goalwise, Alphafront Finserv Pvt Ltd, is an AMFI registered Mutual Fund Distributor. Goalwise, in a way, simply acts as an intermediary to process your transactions, and keeps track of which investments have been made in your name and where.
When you invest through Goalwise, your money goes directly to the Mutual Fund, via an RBI-approved payment processor appointed by Goalwise, and is assigned to your folio (account) with them. At the time of redemption, it is transferred from the Mutual Fund directly back to your bank account.
Additionally, all transaction portals that you interact with, including the Goalwise website and the payment gateway, are fully secured with 256-bit SSL encryption, which is the same online security standard that banks use.
You can rest assured that each transaction you make through Goalwise is bank-grade secure.