DBS Bank India Launches digiPortfolio
DBS Bank India Introduces ‘digiPortfolio’: DBS Bank India has launched ‘digiPortfolio,’ a new investment solution that is now available on the bank’s digibank platform. The platform uses technology and human expertise to curate a set of investment options customized by Morningstar, which aligns with the risk preferences of different investors. The platform offers an easy-to-use, one-stop solution for investors to invest in pre-packaged baskets of mutual funds. DBS Bank India is one of the first banks in India to offer this digital solution, with the goal of redefining the customer experience through the use of advanced technologies such as data and AI.
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Mutual Funds Expertise of Morningstar on digiPortfolio
The digiPortfolio platform is run by Quantifeed, making it automated and easy to use. It includes different types of investment options such as domestic equity, debt, and money market instruments, ensuring that there are diverse portfolios to cater to different investor risk profiles. Morningstar, which has over 37 years of industry research experience, has carefully selected the mutual funds that make up the platform’s investment options. The portfolios are regularly adjusted to ensure they remain strong even in volatile markets and offer the best possible returns.
Instant Access to Investors with Two Plans
DBS Bank India’s digiPortfolio, which offers portfolio construction, monitoring, and rebalancing services powered by Morningstar, is available to investors with two plans starting at a minimum investment of 10,000 and 50,000. The bank uses technology to make the investment process faster, cheaper, and more efficient for investors. There are no extra charges, such as sales or transaction fees, and investors can invest for as long as they want, choosing what suits them based on their goals, risk preferences, and investment duration.
According to Prashant Joshi, Managing Director & Head – Consumer Banking Group, DBS Bank India, the aim of this differentiated offering is to simplify the investment process, bridge the knowledge gap and help balance growth and safety while making investment decisions. The bank hopes that by offering digiPortfolio, many of its customers will feel more comfortable investing in Indian capital markets. DBS Bank India is committed to delivering superior solutions to its customers that make banking intelligent, intuitive and effortless by frequently collaborating with industry leaders in the ecosystem.