UTI Mutual Fund today announced the launch of a mobile application called ‘UTI Buddy’ for IFAs.
The application aims to help IFAs by simplifying the operational requirements. With UTI Buddy an IFA can initiate transaction recommendations to their investors and complete the entire purchase cycle in couple of clicks, said a press release issued by the company.
Leo Puri, Managing Director, UTI AMC said, “The singular objective of this mobile application is to aide our IFAs in the financial planning process for their investors by reducing the leg work required. In the first phase UTI MF is launching this mobile application with transaction initiation facility. Subsequently it will enable other facilities like switchover, registering of SIP mandates and redemptions”
This application is available on Android and Apple devices.
UTI Buddy offers the following features:
- Recommend Funds: IFAs can recommend schemes to their mandate registered investors. Post which an SMS is sent to the investor. Investors can then confirm the transaction by replying to a given short code along with a onetime password.
- Commission Structure: IFAs can now check scheme wise commission structures and view commission statements on the go
- UTI Summit (Reward &Recognition Program): Enables IFAs to track their Summit reward points and view program brochure and reward structures
- My Account: Includes view of IFAs last 20 commercial transactions, view of IFA portfolio summary and track investor portfolio for transactions attributed to the IFA
- IFAs can watch various fund managers videos and also track scheme NAVs etc.
