MOTILAL OSWAL FINANCIAL SERVICES ANNOUNCES THE LAUNCH OF DIGI PARTNER

MOTILAL OSWAL FINANCIAL SERVICES ANNOUNCES THE LAUNCH OF DIGI PARTNER

MOTILAL OSWAL FINANCIAL SERVICES ANNOUNCES THE LAUNCH OF DIGI PARTNER

The new asset-light business partner model set to revolutionize the financial intermediation sector

SALIENT FEATURES OF DIGI PARTNER

  • No compulsion of office infrastructure
  • Exclusive reactivation & HNI client dealing support desk
  • Minimum refundable deposit
  • Dedicated Apps for Trader & Investors
  • Personalized Advisory support for all segments & products
  • Online Funds & Securities pay-in and pay-out facility
  • Client wise Surveillance & RMS facility
  • Trade confirmation to clients through voice blast & ECN (Electronic contract note)

January 2020: Motilal Oswal Financial Services has announced the launch of their new asset-light business partner model, Digi-Partner. Capitalizing on the trend of digitization, given more than 70% of transactions of purchase happen digitally; this was an apt move for a financial services leader like MOFSL. This model requires little/no investment to start a financial intermediation business and will certainly revolutionize the sector. As the name suggests, Digi-Partner is a unique partnership model where your complete business right from acquiring clients, account opening, business operations, product suggestions, advisory product Investments and moderation is done digitally. While you focus on activating your relationships, the technology provides the backbone to help your business grow.

Speaking on this initiative Gaurav Manihar, Head – Business Alliances , MOFSL said, “It is a well-known fact that India has a young, educated population. It is also known that equity pe netration in India is less than 4% ( vis-a-vis 60% in USA) and hence presents a large opportunity for financial intermediation. Our Digi Partner model helps young Indians who have a passion for investing and relationship management to turn entrepreneur by removing the barriers that prevent them from doing so.”

Some of the key advantages of this model are

  • Minimal cost of customer acquisition in digital channels compared to traditional channels
  • High reduction in the cost of transactions and servicing through digital channels compared to traditional channels
  • Multifold increase in revenue generation through customers as compared to branch only model

Through this unique business model, Motilal Oswal Financial Services wishes to reach out those who aspire to become entrepreneurs in the field of financial intermediation but cannot afford very high investment due to infrastructure costs. The capital market penetration in India is very low as compared to other developed countries. The more the affordable such business modules get, it will help in multiplying equity penetration in India.

About Motilal Oswal Financial Services Limited.

Motilal Oswal Financial Services Ltd.  (MOFSL) group is a diversified financial services company. Its offerings include capital markets businesses (Retail broking, Institutional broking & Investment banking), Asset & Wealth Management (Asset Management, Private Equity & Wealth Management), Housing Finance & Equity based treasury investments.MOFSL’s core purpose is to be well respected and preferred global financial services organization enabling wealth creation for customers. Research is the solid foundation and the investment advisory at Motilal Oswal Financial Services is based on the research. MOFSL’s research has received wide media coverage and consistently won awards, showcasing company’s strong research capabilities. This includes being awarded ”Best Performing National Financial Advisor – Equity Broker”” for six years at the UTI-CNBC TV18 Financial Advisor Awards, Moneycontrol Wealth Creator Award –Best Broking Business Of The Year -2018. MOFSL won “Broking House of the year” at MCX Awards 2019.

The company has diversified client base of ~1.3 million. MOFSL’s core purpose is to be a respected and preferred global financial services organization enabling wealth creation for its customers.