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NT Bureau
Chennai, Sept 24:

        In a bid to cater to the needs of Mutual Fund distributors, ICRA Online Ltd, has launched its financial solution product—ICRA Mpower, a web-based platform which provides all the tools required for making the distribution business more effective and effcient. A cost effective solution for setting up the business, ICRA Mpower offers mutual fund distributors a gamut of financial tools for both pre-and-post investment requirements of clients, thereby paving the path for distributors to build enduring relationships with clients on the strength of quality service and appropriate advice.

        Speaking on the occasion,

        P K Choudhury, vice chairman and group CEO ICRA said, ‘the wealth management industry in India has been growing at a very rapid pace. The stupendous growth in the stock markets over the last couple of years has generated a lot of interest in mutual funds among retail participants.’

        With more and more investors investing in mutual funds, the number of mutual fund distributors has also increased sharply. We see ICRA Mpower as a facilitator for mutual fund distributors.’