Technology in Mutual Funds
Are you a mutual fund investor? Looking for insights to effectively manage your investments? We are very excited to introduce the 14th technical chapter of our comprehensive book on mutual funds, to get all the chapters Please complete this form
_________________________________________________________
Discourse:
November 2022 is a memorable day for the technology giant. It was on that day that Chat bots (Chat GPT) artificial intelligence was introduced. From that day Technology is changing in rapid phase.
AI and other technologies have revolutionized the mutual fund industry. Investors can use technology to easily choose mutual funds that suit their needs, monitor the performance of their investments, and generate higher returns on their investments.
Access to Information:
Earlier, it was difficult to access data and information on mutual funds. But, today, technology enables easy access to mutual funds data and information. Investors can access and research information on mutual funds through their mobile phones, tablets or computers.
1. Websites of mutual fund companies
This way is very popular. Investors can visit the website of their preferred mutual fund company, create an account and make transactions.
2. Transaction through RTA
We can buy and sell mutual funds either by visiting the data in Cams and K Fin Tech office of the mutual fund companies through paper form or through their sites or internet.
Instead of getting data from CAMS and KFinTech sites, both of them together are running a site called mf central, if we register on that site and give our PAN number, we can get all the investment details of our PAN number at one place.
3. Platforms designed for brokerage-free mutual fund transactions.
We can buy and sell mutual funds on platforms designed for this purpose.
Example
Mutual Fund Utility,
NSE and [NSE NMF II]
BSE [MFU] [BSE Star MF]
4. Investment analysis reports to investors
Some platforms offer investors, customized investment analysis reports. These reports provide investors with information on their investments' total returns, capital gains, and investment risk assessment.
Example
Morning star
Value research online
Decision making skills:
Access to information helps investors in making their investment decisions. Investors can explore the various features of mutual funds and choose the mutual funds that suit their needs.
Higher Returns:
Technology enables investors to generate higher returns on their investments. Investors can monitor the performance of their investments and know whether their investments are performing as planned.
Excel
In the realm of personal finance, Excel is a powerful tool that can help you manage and track your investments, including mutual funds. With more than 15 personal finance templates available for free, you can easily monitor your investments, calculate returns, and analyze your financial health. These templates are designed to simplify complex financial calculations and provide a clear picture of your financial status. Whether you're a seasoned investor or just starting out, these Excel templates can be a valuable resource in your financial journey. link to these free templates.
Artificial Intelligence:
Artificial Intelligence (AI) is creating new opportunities in the mutual fund industry. AI helps investors in making their investment decisions and improves the performance of their investments.
How will AI change the mutual fund industry?
AI is expected to change the mutual fund industry in the following ways:
Improving Investment Decision Making: AI can help investors choose mutual funds that suit their needs.
Improve performance: AI can help investors improve the performance of their investments.
Creating new products and services: AI will help create new products and services in the mutual fund industry.
To complement this article, I have some additional resources for you. If you'd like to watch a video of my session on AI and Chat GPT, where I delve deeper into the topic and provide more examples, you can click on this video link []. It's a great way to visually understand how these technologies can benefit you.
For those who want to explore further and access more detailed examples and information, I have prepared a comprehensive PDF document that you can download and reference at your convenience. Simply click on this pdf link [] to access the PDF and delve deeper into the subject matter. Another PPT with different examples about AI is available here
Is it human to give investment advice? Software (Robo Advisor)?
For years, investment advisors used to advise and assist in investing. Now in this age of technology, software has also come to advise.
While software often propagates ideas, it’s important to remember that these ideas may not always align with our personal preferences. The way software is programmed to provide us with information based on our inputs doesn’t necessarily guarantee its accuracy. It’s crucial for us to understand and acknowledge this aspect.
Can you talk to Alexa and get fund information?
Yes, it can! Once upon a time, it was possible to get mutual fund information, first on a desktop computer, then on a laptop, and then on a mobile phone at the fingertips. Now, you can get the information you need, without touching anything, without going anywhere, without accessing any site, just ask Alexa
Example:
SBI Fund has partnered with Alexa
What to do if you lose SOA of Mutual funds?
Shares and Deposits, If securities are lost, shares cannot be sold or deposits can be received.
In mutual funds, unit spec sheets are available only on demand.
If there is a mutual fund folio number, you can contact the company to know the unit details and daily value.
If you forget your mutual fund account number, you can get it again by going to the company with the PAN number. If the investing company is also unknown, the investment details can be found through NSDL CAS.
The web address of the most used mutual fund companies and their app details are here.
Technology is in a constant state of evolution.
While we may read the daily newspaper, it’s technology that experiences daily transformations. This is a crucial fact to remember, especially when it comes to the technology used in funds, which is continually adapting. As such, we too must be flexible and adapt accordingly. Understanding how to leverage technology in funds can significantly enhance our returns and ensure data security. Let’s explore this further.
Get fund management book
In this book, we delve deeper into the technical nuances of managing your mutual fund portfolio. With a total of 40 pages and images, this chapter aims to provide valuable technical insights to improve your investments. To get the PDF version of our sample book, Please complete this form . The book will be sent to your email
Read more
Read a summary of the first ten plus chapters of the yet-to-be-released Mutual Fund book here. Contact me to read full chapter You email me, and I'll send you the manual!
To read the other chapters in English of the proposed book in mutual funds using the following links
Chapter 1 - What is Mutual funds
Chapter 3 - Understanding Mutual Fund Categories
Chapter 7 Others - Goals / ETF/ FOF
Contact us to get the actual book previews in Tamil, all contents free without any locks!
Single Sign On - Financial details in single sign on
Information at your fingertips
AI Developments: Exploring the Latest Tools and Fe... (radhaconsultancy.blogspot.com)
#technology
#mutualfund
#AI
#FutureOfMutualFunds
#FutureOfMutualFunds #InvestmentInsights
No comments:
Post a Comment