Chennai, Aug. 2024
MarketsMojo, a leading fintech platform that provides data-driven analysis and investment advisory services, announced the launch of its mutual fund investment and distribution services platform MOJOMF. The platform will be a complete advisory solution on mutual funds with guidance on how to generate alpha on investments.
The move is aimed at attracting more investors, especially the youth, by making investment processes and advisory simple, accessible and free of charge. MOJOMF introduces a ground-breaking scoring system for MFs, designed to make one’s investment decisions as authentic as possible. Just like Mojo Score for stocks ratings, which uses a score out of 100, MF scoring system also provides a clear and easy-to-understand rating for each fund. By providing a comprehensive score, the platform helps investors compare funds effortlessly and choose the best investment options aligned with one’s goals. Whether you’re a seasoned investor or novice, MOJO’s easy-to-use transaction system caters to all levels of experience, ensuring a smooth investment experience.
Commenting on the platform, Amit Golia, Group CEO, MarketMojo said: “One of the remarkable features of this platform is that it presents Mutual Fund Baskets that are a special collection of top-performing MFs. Investors will benefit from our selection of funds, curated by our advanced algorithm, which is customized to fit one’s risk tolerance and investment goals. Instead of sorting through thousands of funds, they will get a focused selection that makes investing easier. The ultimate goal is to deliver a balanced and precision-driven investment strategy, tailored to meet one’s specific financial goals. The investment solution is free. Simply complete the KYC process and start investing. Enjoy the benefits of our curated baskets and platform without any additional fees.”
The platform also ensures seamless integration that allows investors to easily import all the existing MF holdings into MOJO platform. It will help investors gain a comprehensive view. In addition, it provides ‘Mojo Insights and Recommendations’ for their entire portfolio. More importantly, it facilitates access to detailed dashboards that offer insights into one’s portfolio’s performance, including returns, advice generation, and individual fund performance. It also provides active management and professional advice to help investors identity and switch to better-performing funds, addressing the common issue of underperformance due to passive investment habits.
It conducts extensive research on 4,000+ MF schemes, including equity, debt, hybrid, and other categories. Investors will benefit from these detailed analyses that cover performance metrics, historical data, and risk factors for each scheme. Regular rebalancing is also carried out at specific intervals, such as quarterly or half-yearly or annually, to ensure that the portfolio stays aligned with one’s stated financial goals.
MarketsMojo also plans to provide a complete wealth management solution in the coming months, starting with the launch of mutual funds, and eventually becoming an asset advisor across the family portfolio. This includes risk profiling and the addition of other investment products like Bonds, Corporate FDs, etc., creating a complete product bouquet.