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The future of investing!
We all have heard that we invest today for a better future. Ever wondered how we will invest in the future? Well, let us look at the present to begin with.
How do you invest in mutual funds today? You normally call your investment advisor when you want to invest. The advisor then arranges to send you the required application forms. You fill up the details and sign up the forms and hand the same over along with a cheque. There are a couple of more documents required to be submitted. All these documents are then submitted at the investor service centre. After that this set of document is processed by the mutual fund’s back office and an account statement is despatched for the investor. If an investor were to invest in four mutual fund schemes simultaneously, the process gets repeated four times.
Add to this administrative inconvenience, there is enough room for errors and then the investor and the advisor spend their time in resolving the complaints.
All these issues can be easily resolved by harnessing the power of technology. This is exactly what the future is likely to be.
Add to this the computing power of today’s microprocessors and you get accurate and timely reports to keep track of your investments. These reports are available when you need.
Next Advisors, a group of independent financial advisors, is creating an electronic platform that will offer all these and more. The objective of setting up this platform is to make investing easier for the investors.
Keep watching this space for more details or get in touch with your relationship manager or call us.
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