Smoothening The Ridges Of Investments
Outlook Money|March 2020
A decade ago, investing in financial instruments was a tiresome process. However, in today’s world of digitisation, the life of the new investors has been simplified.
Himali Patel
Smoothening The Ridges Of Investments

With the digital revolution, investment processes have become easier and paper-less and the turnaround time has reduced considerably. Further, due to the rise of mobile-based applications, paying monthly bills, mobile banking or even investing in financial instruments such as fixed deposits, pension plans, trading in the stock market has been made easy. Having said that, many companies have also begun integrating their services with mobile applications, such as WhatsApp, to provide a wide range of Mutual Fund (MF) services.

Being one of the most popular apps, WhatsApp has become a preferred mode. Moreover, the services offered by various Asset Management Companies (AMCs) and distribution platforms are at various stages of functionality with the objective of eventually offering a multitude of services to its customers.

“There is a range of services a customer can avail through WhatsApp. These could be requesting for one’s reports on a fund, asking for a service like change of address or even buying an MF, in some cases,” says Madhu Sudhan, Head, Digital Business, Motilal Oswal AMC. Recently in August 2019, Computer AgeBy Companies have begun integrating their mutual fund services with mobile applications Management Services (CAMS) started their chatbot on WhatsApp to provide a wide range of MF services that can be used for transacting and managing investments across 15 MFs.

This story is from the March 2020 edition of Outlook Money.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the March 2020 edition of Outlook Money.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM OUTLOOK MONEYView All
Tax Reforms: What's In Store?
Outlook Money

Tax Reforms: What's In Store?

The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms

time-read
10+ mins  |
October 2024
5 Questions That Will Lead You To The Right Financial Planner
Outlook Money

5 Questions That Will Lead You To The Right Financial Planner

Choosing a financial planner is not as easy as it may seem. Besides the right credentials, you should also consider things like the kind of services you will be needing-tax advisory, estate planning-as well as the fee structure. Here are five questions that will help you choose the right planner

time-read
6 mins  |
October 2024
Health Insurance Sub-Limits
Outlook Money

Health Insurance Sub-Limits

Sub-limits in health insurance are restrictions placed by the insurance company on the SP maximum amount they will pay for specific expenses that are part of the total hospital bill.

time-read
2 mins  |
October 2024
Delayed Gratification, Humility, Understanding Inflation And Risks Key To Financial Success
Outlook Money

Delayed Gratification, Humility, Understanding Inflation And Risks Key To Financial Success

The journey to financial success is continuous, requiring patience, education, and disciplined decision-making.

time-read
2 mins  |
October 2024
Avoiding Common Pitfalls through Asset Allocation and Multi-Asset Investing
Outlook Money

Avoiding Common Pitfalls through Asset Allocation and Multi-Asset Investing

Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.

time-read
2 mins  |
October 2024
Mutual Funds for Financial Growth
Outlook Money

Mutual Funds for Financial Growth

Mutual funds allow you to invest in small amounts and seize the compounding growth, and experts help tackle volatility and asset allocation, making them a potent tool to create wealth.

time-read
2 mins  |
October 2024
Multi-Asset Investing is The Financial Equivalent of A Well-Balanced Diet
Outlook Money

Multi-Asset Investing is The Financial Equivalent of A Well-Balanced Diet

Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.

time-read
2 mins  |
October 2024
Theme and Triumph: How Thematic Funds Can Boost Your Bottom Line
Outlook Money

Theme and Triumph: How Thematic Funds Can Boost Your Bottom Line

Thematic funds target high-growth opportunities in various industries and economic sectors, allowing investors to participate in future-focused segments to generate long-term returns.

time-read
2 mins  |
October 2024
Wealth Creation Through SIP - The Slow & Steady Road to Success
Outlook Money

Wealth Creation Through SIP - The Slow & Steady Road to Success

For investors seeking to create long-term wealth, SIPS are a powerful tool that enables regular, disciplined investments to generate compounding returns.

time-read
2 mins  |
October 2024
Tuition Fee Varies Among Countries
Outlook Money

Tuition Fee Varies Among Countries

I am 22 years old and have recently started working in a software company.

time-read
2 mins  |
October 2024