HDFC Bank SmartWealth App can be used to invest in various asset classes and is available to download for free on the Google Play Store and the Apple App Store.
HDFC Bank has launched a new digital investment platform ‘SmartWealth’, aimed at revolutionizing the wealth creation journey by incorporating cutting-edge technology.
To take wealth services to every Indian and make investments simple and transparent, HDFC Bank SmartWealth app comes loaded with first-time ever features that allow investors not just to make the right investment decisions but also to plan their financial journey, the bank said in a statement.
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SmartWealth democratizes wealth creation
The app, targeted at existing and new investors, democratizes wealth creation and allows users to take control of their financial journey, it added.
SmartWealth is easy to use and has been developed with first-time investors in mind, built with smart intelligence. It comes with pioneering tools that allow users to make the right investment decisions to plan their finances.
With HDFC Bank SmartWealth, users can create SmartJars, allowing them to realize their dreams on schedule.
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Create personalized portfolio with SmartJars
SmartJars gives users personalized portfolio plans which can be modified or paused anytime. Model portfolios on Smart Wealth suggest curated investment baskets for DIY investing based on 25+ years of HDFC Bank’s financial expertise. For users with a diversified portfolio, SmartWealth allows for a consolidated account statement (CAS), downloadable in just three clicks.
SmartWealth also comes with a unique portfolio rebalancing feature, prompting users to change their investment mix in volatile market conditions and keep it in line with their financial plan. The Portfolio Analytics feature on SmartWealth analyses asset distribution and alerts users to overexposure in a particular fund, thereby mitigating risk.
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SmartWealth investment features
Currently, users can use SmartWealth to invest in mutual funds, open fixed deposits, or create recurring deposits. Investments in insurance, sovereign gold bonds and PPF are in the pipeline, making SmartWealth a one stop solution for wealth services.
HDFC Bank SmartWealth brings wealth services to every Indian and is available to download for free on the Google Play Store and the Apple App Store.
