Wealth Management Services

Bank presently has tie-up with 2 Wealth Management partners for servicing Mutual Fund, Demat and Trading Services through the Bank’s Branches and Digital Platforms.

Following are the partners for Wealth Management Services

Indbank Merchant Banking Services (IBMBS), For more details about IBMBS Click here https://www.indbankonline.com
FISDOM, For more details about FISDOM click here https://www.fisdom.com/

The term Wealth Management comprises a number of aggregated financial services. Under Wealth Management tie-up with partners, Bank is offering mainly Mutual Fund, Demat &Trading Services and other wealth management services as per customer requirements with assured post sale services.

Following are some details about Mutual Funds and Demat & Trading service.

• Mutual Funds Overview

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

It is a trust that collects money from a number of investors, who share a common investment objective and invests the same in equities, bonds, money market instruments and/or other securities. The income / gains generated from this collective investment is distributed proportionately amongst the investors after deducting applicable expenses and levies, by calculating a scheme’s “Net Asset Value” (NAV).

In simple terms, the money pooled in by a large number of investors is what makes up a Mutual Fund.

Mutual funds are broadly classified into three types based on asset class.

1.Equity Mutual Funds: These funds are mainly invested in the Stock market. They are also called as “Stock Funds”. Equity Funds generate higher returns when compared with other fixed-income instruments such as FDs and Debt Funds. However, there is always risk associated with returns. These funds best suited to those investors who are willing to see growth along with higher returns. These funds are further categorized into large-cap funds, mid-cap funds, small-cap funds, sectoral funds, index funds etc.

2.Debt Mutual Funds: These are the kind of mutual funds where the investments are made in debt or fixed income securities such as government securities, corporate bonds and money market instruments. Investors will invest in these funds because they are more risk averse and want to maintain stability in their asset portfolio. Debt funds come up with tax deductions and are highly liquid, as they are “Safe investment instrument”. There are different kinds of Debt funds such as Guilt funds, credit risk funds, floater funds etc.

3.Hybrid Mutual Funds: Hybrid funds are both the mixture of Equity and Debt funds. The investors invest in these funds to avail the benefits of investing both Equity and Debt. It enables investors to have a diversified portfolio and can have access to different asset classes. The different kinds of Hybrid funds are balanced hybrid funds, Aggressive hybrid funds and conservative hybrid funds.

• Demat and Trading services overview

Demat or dematerialization is an account that essentially transforms physical shares into digital format. Through this account, an investor can hold digital shares that he/she has invested in. For opening a Demat account, one does not need to possess any stocks or shares. While bank accounts are meant for monetary transactions, Demat accounts are meant for recording the purchase and sale of stocks or shares. Apart from equity shares, these accounts can also be used to hold other forms of investments, like bonds, mutual funds, government securities, etc.

Stock market investors can open a Trading account with any registered stockbroker. This account primarily links an investor’s Demat account and bank account. The objective of a trading account is to maintain the records of all trade transactions. For example, whenever a trader buys shares, the order is essentially booked through a trading account. As a next step, the order then moves to the stock exchange, where processing takes place and later, the agreed price of the shares is deducted from the trader’s bank account. Once the amount is deducted, the digital format shares are credited to the trader’s Demat account. Although Trading and Demat accounts are inter-connected, these two are different from each other in many ways.

For more information about wealth management services from our channel partners, contact your Home Branch/Nearest Branch or visit our partner website.

Disclaimer
1.Investment in securities market are subject to market risks, read all the related documents carefully before investing. Investors should consult their investment advisor before making any decision. 
2.Bank is providing value added wealth management service to its customers and only communicating the offers and investment services extended by our partner’s and it shall not be deemed that Indian Bank to endorse, recommend, approve, guarantee, indemnify, introduce, sell or render any product or services provided by our channel partner. 
3.Any sort of graphical representations, recommendations, feedback and reviews, provided on this website, are in no way, either a guarantee for the performance of the funds or an assessment of the funds, or the fund's underlying securities' creditworthiness.