MarketsMojo, a fintech platform, has announced the launch of its mutual fund investment and distribution services platform MOJOMF.
This platform will serve as an advisory solution, simplifying the investment process and bringing clarity to the often complex world of mutual funds.
The MOJOMF platform aims to make investment processes more straightforward, accessible, and—most appealingly—free of charge. By introducing concepts like the Mojo Score—a scoring system similar to ratings for stocks.
Amit Golia, Group CEO of MarketsMojo, was quoted saying, “One of the remarkable features of this platform is the Mutual Fund Baskets, which are collections of top-performing mutual funds. Our algorithm curates these collections based on individual risk tolerance and investment goals. With thousands of funds available, this focused selection makes investing easier.”
The MF scoring system provides simple, comprehensible ratings for each fund out of 100, facilitating effortless comparisons among various funds. This guidance is invaluable for those unsure of where to start or how to navigate their investment choices.
MOJOMF will also allow investors to import their existing mutual fund holdings to the MOJO platform.
The platform analyzes over 4,000 mutual fund schemes across various categories—equity, debt, hybrid, and more. Investors will glean useful insights through detailed performance metrics, historical data, and identifiable risk factors for each scheme. Regular rebalancing of the portfolio occurs at selected intervals, ensuring alignment with the investors’ set financial goals.
Recent data indicated unprecedented growth within the mutual fund industry—1.2 million new investors were reported, bringing the total unique investor count near the significant 50 million mark.
