2024-07-08 19:49:42
Mumbai: In the last few years, the trend of common investors towards Mutual Funds has increased rapidly. Now many people are breaking their bank FDs and investing in Mutual Funds. The government is also promoting Mutual Funds. It is seen that a big change is going to happen in the rapidly growing Mutual Fund industry. Everyone is trying to take advantage of this. If you also want to join this industry, then there may be an opportunity for you. In fact, Fintech Asset Plus associated with the Mutual Fund industry is preparing to add about 50 thousand distributors with itself.
What is Asset Plus
Asset Plus is a leading fintech firm in the country that manages assets worth around Rs 3,000 crore. It has a SIP investment of Rs 50 crore. The company’s CEO Vishrant Suresh says that their platform is designed to provide tools and support. Through a completely digital mode, mutual fund distributors can help strengthen relationships with customers and increase their assets. The platform aims to enhance digital brand presence and facilitate online business growth. Ensuring that investment managers no longer need to coordinate with KRAs (KYC registration agencies), RTAs (registrars and transfer agents), and AMCs (asset management companies) or exchange platforms.
There is a shortage of distributors
Over the last few years, the mutual fund industry has expanded in a way that new distributors have not been added. In a way, the industry is currently facing a shortage of distributors. That is why Asset Plus has planned to add 50,000 distributors in the next five years. The company currently has 10,000 distributors who are selling fund products. The company is making significant progress in the wealth management industry by providing comprehensive technology and business development solutions for mutual fund distributors (MFDs). This growth has been possible with the support and guidance of industry leaders like Bhupinder Singh, founder of InCred, and Nithin Kamath, founder of Zerodha and Rainmatter, who are among the shareholders of the company.
They are the backbone of the industry
The popularity of mutual fund direct plans inspired many peers to develop direct plan apps. AssetPlus remained committed to the importance of professional support from MFDs. The company firmly believes that MFDs are the backbone of the mutual fund industry, providing irreplaceable expertise and personalized service that help clients achieve financial goals in the long run. AssetPlus empowers MFDs with advanced technology and comprehensive support to optimize client investments. Amid the trends of AI and digitalization, the platform offers cutting-edge resources, providing all services free of charge to advisors and clients.