IDFC FIRST Bank Launches “Ace” on Mobile App

• Current context: IDFC FIRST Bank launched the “Ace” feature on its mobile app, offering details on 2500+ mutual funds.
• Objective: Promotes DIY (do-it-yourself) investing for customers.

Key Features

• Fund Categories: Includes Equity, Debt, Tax-Saving, Hybrid, and Index funds for portfolio diversification.
• Information Access:
• Historical fund performance (1Y, 3Y, 5Y).
• Holding patterns by sectors, companies, and market cap.
• Expert ratings (Morningstar Rating).
• Ease of Investment: Facilitates choosing need-based funds for personalized investments.