DigiPortfolio launched by DBS Bank India

Tags: Economy/Finance National News

DBS Bank India has launched a new investment solution called ‘digiPortfolio’, which uses technology and human expertise to provide customised investment options for investors.

An Overview of the News

• The platform is available on the bank’s digibank platform and offers a one-stop solution for investors to put money into ready-made baskets of mutual funds, with diverse portfolios to cater to different investor risk profiles.

• The investment options on the platform are chosen and made up of mutual funds that have been carefully selected by Morningstar, which has over 37 years of industry research experience, ensuring that portfolios are regularly adjusted to offer the best possible returns.

• The digiPortfolio platform is run by Quantifeed, making it automated and easy to use, with two plans starting at a minimum investment of ₹10,000 and ₹50,000, offering portfolio construction, monitoring, and rebalancing services powered by Morningstar.

• DBS Bank India aims to simplify the investment process, bridge the knowledge gap and help balance growth and safety while making investment decisions, hoping that through digiPortfolio, many of its customers will be more confident about participating in the Indian capital markets.

About DBS Bank

• Its full document The Bank of Singapore Limited and The Bank Limited is a Singapore multinational banking and financial services corporation based in Marina Bay, Singapore.

• The organisation was formerly known as the Development Bank of Singapore Limited before its current name was introduced on 21 July 2003 to represent its credit status as a leading bank.

• The banks were established on 16 July 1968 by the Government of Singapore from the Economic Development Board to carry out business activities.