Take the digital route for a better investing experience
Read in: 1min, Published On , 14 Nov 2017 By ET Wealth
Technology is transforming the way people manage and invest their money, almost on a daily basis. It reduces delays in execution, cuts down on paperwork and keeps a record that is easier for investors to keep track of past transactions and investments. The mutual fund industry has been one of the early adopters of technology. To help investors get better acquainted with investing through the digital channel, in the next few weeks Swatantra will deal with various aspects of investing through this route.
The growth of transactions through the digital channel in the mutual fund industry has been rising at a rapid pace
There are several factors leading to this rapid growth
Online channels from distributors as well as fund houses have launched tools, calculators and seamless investing processes
It's much easier to keep track of one's transactions and portfolio through the digital route
Banks too have been launching new tools which are making life easier for investors
Direct investment processes are also gaining popularity (caveat: These are strictly not for new or less informed investors)
Technology adoption has also brought down costs which directly add up to investors' returns in the long run
Investing through the digital channel is convenient and cost effective for investors
It gives the investors easier access to information and also to participate in the market
It gives investors the freedom to invest in a cost-effective and efficient manner
It also gives investors the convenience and ease to track their portfolio
The government and the regulators are also putting in place new rules to make the online investing process easier and safe
One should remember, these are tools to invest while the right investment advice mostly comes from experienced, registered advisors
utiswatantra.com is a UTI Mutual Fund investor education initiative.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
To know about the KYC documentary requirements and procedure for change of address, phone number, bank details, etc. please visit
https://www.utimf.com/servicerequest/kyc. Please deal with only registered Mutual funds, details of which can be verified on the SEBI
website under "Intermediaries/market Infrastructure Institutions". All complaints regarding UTI Mutual Fund can be directed towards
email@example.com and/or visit www.scores.gov.in (SEBI SCORES portal). This material is part of Investor Education and awareness
initiative of UTI Mutual Fund.