Mumbai: WealthDesk, India’s pioneering B2B2C Investment Technology platform, that enables portfolio based investing on top of equities and ETFs consolidating research, advisory, broking, asset & wealth management ecosystem, has launched a comprehensive and detailed Portfolio Analytics and Optimization tool in partnership with OpenQ by Quantech Capital. Top brokers like Prabhudas Lilladher have signed up for the tool, while WealthDesk continues to on-board other leading brokers.
The Portfolio Optimiser tool will help investors optimize the portfolio in a disciplined process oriented manner by analysing demat holdings, including stocks, ETFs and Mutual Funds by using more than 15,000 data points that cover the aspects of portfolio risk, returns to give rich insights in a simple and easy to understand manner.
After analysing a user’s portfolio, the Optimiser tool will also recommend holding, monitoring and selling of stocks and ETFs while offering detailed Mutual Funds analytics including overlaps with existing direct Equities portfolio. Furthermore, the tool is also deeply integrated with WealthBaskets that are available on WealthDesk.
Prabhudas Lilladher broking users can now use the Portfolio Optimiser tool from within their respective brokerage accounts.
“OpenQ Optimiser will enable our clients to benefit in two ways – Apart from applying PL views on stocks they hold in their portfolio, they will now get a quantitative view of their portfolios based on Style Factors – For example, how much of the portfolio is in Dividend Yield style stocks versus how much in Momentum style stocks, apart from things like Market Capitalisation based exposures. Clients can use such advice to align portfolios to their risk profile as well as market outlook at the click of a button and therefore be much more confident about their investing” added Sandip Raichura, CEO (Retail and Distribution), Prabhudas Lilladher.