IDFC FIRST Bank introduces ACE feature for mutual fund investments – CNBC TV18

IDFC FIRST Bank introduces ACE feature for mutual fund investments – CNBC TV18

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IDFC FIRST Bank has launched the ACE feature on its mobile banking app to simplify mutual fund investments. The feature provides advanced insights, tools, and a  digital experience for investors, the bank said in a statement.

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ACE offers details on over 2,500 mutual funds, covering categories like equity, debt, tax-saving, hybrid, and index funds.

Investors can access historical fund performance (1Y, 3Y, 5Y), sector and company-wise holdings, and expert ratings.

A key highlight is the “Senior Citizen Assistance Special” feature, which selects conservative funds based on typical risk appetites.ALSO READ | Over half of equity MFs beat benchmarks in Feb: Here’s a category-wise performance breakdown

Goal-based investing tools help users plan for major life events like retirement and weddings.

Customers can also link external mutual fund holdings through the eCAS service for a consolidated portfolio view.

Ashish Anchaliya, Chief Product Officer, Digital Banking, IDFC FIRST Bank, said, “Investing can feel overwhelming with over 2,500 mutual funds available. The ACE feature provides relevant insights in one place, allowing users to invest with confidence.”

IDFC FIRST Bank was created in December 2018 through the merger of infrastructure finance giant IDFC Bank and retail finance & MSME specialist Capital First.

ALSO READ | Angel One AMC launches Nifty 1D Rate Liquid ETF

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