L&T Infotech, a global provider of information technology services and solutions, and a wholly-owned subsidiary of the USD 14 billion Larsen & Toubro, has developed a financial planning app for L&T Mutual Fund, a subsidiary of L&T Finance. The application is named as L&T Mutual Fund iAdvise.
This mobile app, developed for Independent Financial Advisors (IFAs), is currently available on the public application stores of Apple iStore and Google play.
“Mobility is an important part of an organization’s digital strategy. The application iAdvise will be a great enabler to achieve customer reach and will add competitive advantage for L&T Mutual Fund. For our Mobility Practice, this is another step forward in creating a complete suite of applications in Banking Finance and Securities space, says Dr. Mukesh Aghi, Chief Executive (Services Cluster), L&T Infotech.
Ashu Suyash, CEO – L&T Mutual Fund, comments, “Distributors are a key pillar of the asset management industry. They provide reach and the last mile connect. Enabling them through innovative tools such as the L&T Mutual Fund iAdvise application can help them conduct their business even more efficiently and offer a richer end-consumer experience. Moreover, the app is distinctive for us since it has been developed by L&T Infotech, an L&T Group Company.”
This application provides a comparison feature to help the IFA compare mutual fund schemes; a news & insights section to help the IFA stay updated; tools & calculators for financial planning and a section which provides access to often used forms and documents. It also provides reports and latest transaction information.
The IFAs can also directly correspond with their clients through the application. It leverages numerous features of the Apple and Android platforms including push notification messaging, native graphical charting & plotting, in-built email applications and MS Excel file generation. All these value-add features of the application help the IFAs in their day-to-day business in a seamless and convenient manner.
The application, developed by L&T Infotech in close collaboration with the business teams of L&T Mutual Fund, has been well received by the IFA community and plans are afoot for further enhancements of the same.