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KBank launches Wealth Plus to help customers manage personalised investment portfolios

Jun 23. 2020
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By THE NATION

Kasikorn Bank has launched a “Wealth Plus” feature on its KPlus mobile application to serve as a personal assistant in portfolio management for customers.

The feature is designed for customers who seek financial security but have no time to keep track of their investments, which causes them to miss out on good opportunities, the bank said in a press statement.

The new feature “personalises portfolio arrangement” to best suit each individual, monitoring and rebalancing a person’s portfolio regularly based on market circumstances.

According to KBank, Wealth Plus is suitable for the new generation wanting to get into investing. They can choose a portfolio with long-term security or one with a clear goal, such as saving to buy a car, or for travel or retirement.

To get started, customers simply make an initial investment of Bt10,000 without needing to go to any branch or submitting any documents, and no fee is charged. For subsequent investments, a minimum of Bt1,000 is needed.

Wealth PLUS allows customers to:

• Design an investment portfolio tailored to their personal financial goals. It selects mutual funds that diversify risks and offers appropriate returns according to each customer’s risk appetite and investment period, with market conditions also in mind.

• Enjoy automatic risk diversification without the need for exhaustive calculation. It focuses on portfolio investment – investing in myriad mutual funds at an appropriate ratio, helping customers to automatically diversify risks without the need to calculate by themselves.

• Monitor and maintain portfolios around-the-clock. It will auto-rebalance portfolios when they are affected by drastic changes in market conditions, letting customers remain “worry-free”. In normal circumstances, portfolios are auto-rebalanced every six months.

 

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