The application has features like risk profiler, SIP calculator, retirement planner, inflation calculator and an education planner.
Now IFAs can do much more through their ubiquitous tablets, thanks to the L&T Mutual Fund’s new application called ‘iAdvise’. The application has features like risk profiler, SIP calculator, retirement planner, inflation calculator, education planner etc.
The free of cost tablet app launched by L&T MF is available on both Apple and Android platforms. Initially, the app will be compatible with tablet phones and soon it will also be available for smartphones.
In addition, the app will provide features like fund analyser to compare mutual fund products, news and insights section, forms and documents of L&T MF etc. Also, the app will contain a section called ‘My Folder’ in which IFAs can feed information specific to the business with L&T Mutual Fund such as the IFA’s top 10 clients, latest transactions, and information about SIPs that are nearing expiry.
While the tools and calculator can be accessible in offline mode, internet connection is required to access news, insights and track performance of mutual fund schemes.
Ashu Suyash, CEO, L&T Mutual Fund, said, “Distributors are a key pillar of the asset management industry. They provide reach and the last mile connect. Enabling them through innovative tools such as the L&T Mutual Fund iAdvise application can help them conduct their business even more efficiently and offer a richer end consumer experience.”
“The basic idea is to bring IFA’s office in a tablet. We observed that whenever IFAs meet their clients outside their office they usually carry a lot of stuff like laptops, presentations etc. to make them understand the importance of financial planning and investments. Through iAdvise, we try to put all these essential tools and features in the tablet phone so that IFAs can easily calculate metrics of financial planning and showcase product comparison and feature etc. Besides, we aim to upgrade knowledge of IFAs through latest news and insights of industry that can help them in delivering value to their clients,” told Kailash Kulkarni, Chief Business Officer (CBO), L&T Mutual Fund.
The Average of AUM of L&T MF, as disclosed in AMFI website is Rs.17002.50 cr as of Dec'13.
