ICRA Ltd has informed that ICRA Online Ltd, a wholly-owned subsidiary of ICRA Ltd is announcing the launch of ICRA Mpower, a web-based platform for mutual fund distributors and financial advisors, which provides all the tools required for making the distribution business more effective and efficient. A cost effective solution for setting up the business, ICRA Mpower offers mutual fund distributors a gamut of financial tools to cater for both the 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.
In this regard the Company has issued the following press release:
ICRA Online Ltd, a wholly-owned subsidiary of credit rating major ICRA Ltd (an Associate of Moodys Investors Service Inc.), on September 21, 2007 announced the launch of ICRA Mpower, a web-based platform for mutual fund distributors and financial advisors, which provides all the tools required for making the distribution business more effective and efficient. A cost effective solution for setting up the business, ICRA Mpower offers mutual fund distributors a gamut of financial tools to cater for both the 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, Mr. P K Choudhury, Vice-Chairman & 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.
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