PANAJI
IDFC FIRST Bank has launched the ACE feature on its mobile banking app, offering investors advanced insights and tools for informed mutual fund investments. This new feature aims to simplify the investment process, enabling users to make independent and confident financial decisions.
The ACE feature provides in-depth details on over 2,500 mutual funds across categories such as equity, debt, tax-saving, hybrid, and index funds. Investors can explore fund performance over different time frames (1Y, 3Y, and 5Y), holding patterns by sectors and companies, and expert ratings, including Morningstar ratings.
Designed for a premium user experience, the feature integrates publicly available fund information with smart insights, making fund selection easier. Senior citizens can benefit from the “Senior Citizen Assistance Special” feature, which automatically suggests low-risk conservative funds based on typical risk appetite while allowing flexibility to choose other funds.
Additionally, goal-based investment tools help users plan for major life events like retirement or weddings. Customers can also link external mutual fund holdings through the eCAS (electronic Consolidated Account Statement) service, providing a consolidated portfolio view without switching between multiple apps.
IDFC FIRST Bank’s mobile banking app holds a 4.9 rating on the Play Store and is ranked No. 1 by Forrester in its latest digital experience review.
