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RankMF, a part of the low cost broking agency Samco Group, has launched SmartSwitch — a new mutual fund portfolio upgradation tool. SmartSwitch analyses mutual fund portfolio of investors and recommends correct reallocation. With SmartSwitch, the investors will be capable of consider their present mutual fund portfolio, test their portfolio rating and change poor-performing funds into new advisable funds.
This progressive tool will assist investors by scoring current mutual fund portfolio on varied parameters like 1) high quality of current mutual funds, 2) class of mutual funds, 3) over or beneath publicity to particular fund or class and 4) over or beneath diversification.
SmartSwitch makes use of RankMF’s proprietary analysis and ranking engine to recommend switching of poor-performing schemes with top quality advisable schemes, the corporate stated in a press release. The firm claimed that SmartSwitch will be India’s first revolutionary mutual fund portfolio analysis and suggestion tool.
“SmartSwitch helps 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,” stated Jimeet Modi, CEO, Samco Group.
“RankMF takes into consideration a variety of factors into consideration and over 20 million data points such as expense ratios, standard deviation, beta, market valuations, and multiples, portfolio holdings and diversification/concentration of portfolio, the cash ratio of a fund, size of the fund, the predicted yields and we can go on and on, however one of the most important factors is the actual portfolio quality of holdings since that is what is going to deliver investor returns,” the corporate stated.
“SmartSwitch is a revolutionary solution for these investors. They can simply upload their eCAS, check their portfolio score and switch their existing investments from poor quality or non-performing funds to a recommended quality mutual fund portfolio,” Omkeshwar Singh, Head – Rank MF, Samco Group stated.
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