Mumbai: RankMF, a Samco Group brand, announces the launch of a new and superior portfolio upgradation tool, ‘SmartSwitch’. RankMF’s SmartSwitch is a revolutionary mutual fund portfolio evaluation and recommendation tool that helps to analyse your existing mutual fund portfolio giving quality score on various parameters like
Quality of existing mutual funds
Category of mutual funds
Over or under exposure to specific fund or category
Over or under diversification
SmartSwitch uses RankMF’s proprietary research and rating engine to recommend switching of poor-performing schemes with high quality recommended schemes.
“Approximately 11 lakh crores of AUM is stuck in less than 4 stars rated funds. It is important that these investors let go of their emotions to stay invested in these poor-quality funds and shift their investments to good quality funds to avoid further losses,” highlighted Mr. Jimeet Modi, CEO, Samco Group.
“If you are someone who has invested money with great discipline and still haven’t made gains over a long period means there are great chances that you have invested your money in the wrong mutual funds. SmartSwitch will help investors get a quality score for their portfolio, get specific recommendations and then will allow them to switch poor-quality funds to better-recommended funds,” he added further.
