Most people will have an idea about mutual funds today. People invest in mutual funds to avoid the risk of investing directly in the stock market. Mutual funds invest not in a single stock but in a group of stocks. BitSave is a start-up launched in March 2023 by three Malayalees, which helps to invest in cryptocurrencies in a similar way. BitSave manages crypto funds in the same way as fund houses manage mutual funds. Although there are crypto mutual funds and crypto ETFs in foreign countries, this is the first time in India. BitSave, a start-up founded by Sakil Suresh, Asif Katakath and Vishnu Karthik, already manages 2 crore AUM.

BitSave provides funds that invest in cryptocurrencies. The first fund was launched in March 2023. It is based on the Bloomberg Galaxy Crypto Index Fund. The fund is also available to invest in 70% crypto and 30% digital gold. More funds will be released soon. The parent company is Casper Wealth, registered in Singapore. It is headquartered in Bangalore, India. The app is available on App Store and Play Store. Funds can be added through UPI / NEFT / RTGS. The units will be received in proportion to the amount invested as in a mutual fund. We can also see information like nNAV. The expense ratio for managing the fund is 1. It is 5%. If you withdraw within a month, you will have to pay 1% more. BitSave's funds help reduce the risk for those who are afraid to invest in cryptos directly. Keep in mind that crypto products and NFTs are not regulated in India. At the same time, Bitsav has insurance from Lloyd's of London and coverage from Binance's $1 billion industry fund