ACM plans to expand its MFDs network in West Bengal and North East

 

Asit C. Mehta Investment Intermediates Ltd (ACMIIL), a subsidiary of Asit C Mehta Financial Services Ltd, (ACMFSL), (BSE-530723| ASITCFIN), one of the leading fintech conglomerates in Indian equity markets, is expanding its mutual fund distribution (MFDs) network to introduce its financial products and cater to growing investment needs of retail and HNI investors in West Bengal and North East.

As per AMFI, West Bengal is one of the top states investing in the mutual fund industry having their AUM at over Rs 2.12 lk crore, apiece. However, the state has a huge scope to get more people to invest and needs efforts to add more distributors in rural and semi urban regions that will help spread the reach. Also, if you look at the data from the North East the mutual fund AUM size in each state is currently far less and which is in the range of Rs 700 crore to Rs 20000 crore, only.  

Anand Varadarajan – Director –Asit C. Mehta Investment Intermediates Ltd (ACMIIL), says “ACMIIL is here to help people invest better by providing all essential knowledge and analysis tools. What we are catering to day-to-day retail investors and HNI's in India by providing necessary investing/trading tools and education. Since our inception in 1984, we have been serving the needs of lakhs of investors to help them take a significant step into the world of investing. ACMIIL has been one of the pioneers on the tech side when it's about catering to the capital markets in India. ACMIIL 2.0 is a regime termed by us to showcase a renewed approach towards business and the readiness to take over the rising challenges in the marketplace.

We believe that there is immense opportunity at hand to encash on. Tier 1 is crowded and in a sense over serviced. Our group has had a presence in Tier II and Tier III cities for over three decades and that puts us in a strong position. The proprietary technology platform that we have on offer and the various products and services that are made available on the platform is surely a recipe to get a foot in the door with most of the large and small wealth management and MFD outfits in India.

The group’s focus is going to be largely to work on a B2B mode and to expand the network in a big way in West Bengal and North East.  We believe that no matter what kind of products a distributor is selling today, our tech platform and solutions are only going to add more value to their business and over a period of time they will see enough reasons to transition their entire business to us” Mr Anand said

ACMIIL speciality is that there are products on offer ranging from Rs 5000 to 5 Crore. Retail investors who want to invest small ticket sizes in an SIP format as low as 5k/10k/15k through iBasket SIPs (for stocks) or MF SIPs. We have specialized products and services for clients who are budding HNIs and differentiated products and services for UHNIs, Family offices and large institutions” he said

iBasket, the next generation investment portfolios curated on the basis of the scientific investment framework has been created for distributors to get a larger share of wallet.

These iBaskets are available at very small ticket sizes too. Providing a wider range of products will help distributors acquire newer set of investors and also gather a larger share of wallet from their investors. The iBasket and Fixed income products offered through the Investmentz.com platform are going to be path breaking in the next few years” he added.

About ACM Group

Asit C. Mehta Financial Services Ltd, which was established in 1984 with a vision to become a trusted intermediary in the Indian financial markets, has successfully  transitioned  to be  a leading fintech conglomerate in the Indian equity market transforming investment complexity into compounding value.

The Company provides Indian investors with the access to appropriate financial products, services, and solutions to maximize returns through well-diversified investment planning and strategies.

The Company that is listed on BSE Ltd offers a wide variety of tech led financial services to support its diverse set of customers via its group companies such as Asit C. Mehta Investment Intermediates ltd (ACMIIL), Pentation Analytics Pvt Ltd, AI platform provider Edgytal Fintech Investment Services Pvt Ltd, a full-service digital marketing solutions provider.