DBS Bank has introduced an investment option based on the investor’s tolerance for risk. Morningstar designed the facility, which is called DigiPortfolio. It uses technology and human expertise to create a set of investment options that are appropriate for investors’ risk preferences. The platform is a quick and easy way to put money into a ready-made basket of mutual funds.
“India has witnessed increasing domestic retail investor participation in the capital markets over the past two years,” stated Prashant Joshi, managing director and head of the consumer banking group at DBS Bank India. However, the risks and complexity of mutual fund products have discouraged many potential investors. We hope that this unique offering will help investors strike a balance between growth and safety while also simplifying the process and bridging the knowledge gap. We hope that many of our customers will feel more comfortable participating in the Indian capital markets as a result of this.
To improve the customer experience, the bank will make use of data, artificial intelligence, and cutting-edge technologies. The offering includes domestic equity, debt, and money market instruments as investment options to ensure a portfolio that is diversified to meet a variety of risk profiles. Automated and powered by Quantified, the DigiPortfolio platform is simple to use.
Morningstar uses over 37 years of industry research to carefully select the mutual funds that make up the DigiPortfolio investment options. The portfolios are modified to maintain their strength even during market volatility to guarantee the highest possible returns.
“DigiPortfolio” provides investors with instant access to two schemes with investments ranging from Rs 10,000 to Rs 50,000. Morningstar-powered portfolio creation, monitoring, and rebalancing services are included in these plans. For investors, the bank uses technology to make things faster, cheaper, and more effective. There are no additional costs, like transaction or sales fees. You can put money in for as long as you want, depending on your goals, tolerance for risk, and investment tenure.
“Asset allocation, that is, the allocation of various assets such as equity and debt in an investor’s portfolio, is a key driver of investment performance in terms of risk and reward over the long term,” stated Dhaval Kapadia, Director-Portfolio Specialist at Morningstar. DigiPortfolio Morningstar begins with significant research on the allocation of long-term assets. To create a diversified portfolio of domestic equity and fixed income offerings based on mutual funds, this strategy takes into account a variety of asset classes. To adjust these portfolios to a solitary venture, Intended to suit your gamble craving and speculation skyline, assisting you with accomplishing your monetary objectives.”