ICRA Online announces launch of 'ICRA MPower'

New Delhi, Sept 21: ICRA Online Ltd, an arm of credit rating agency ICRA Ltd, today announced the launch of ICRA Mpower, a web-based solution that provides a gamut of financial tools to mutual fund distributors and financial advisors.

''The stupendous growth in the stock markets over the last couple of years has generated a lot of interest in mutual funds among retail participants. With more and more investors investing in mutual funds, the number of mutual fund distributors has also increased sharply. We see ICRA Mpower as a facilitator for mutual fund distributors,'' ICRA Vice Chairman and Group CEO P K Choudhury said.

ICRA Mpower provides all the tools required to cater for both the pre and post investment requirements of clients, thereby paving the path for distributors to build enduring relationships with clients on the strength of quality service and appropriate advice.

ICRA Mpower is being offered by ICRA Online, an independent organisation providing information services and software solutions to the financial services community.

Currently, the company serves over 250 clients in the country, including major Mutual Funds, Banks, Financial Institutions, Third Party Products Distributors, Investment Advisors, Stock Brokers, Portfolio Managers, Treasury Managers and Academic Institutions.

The company has developed various innovative products to satisfy the varied needs of its audience, and these have found a high level of acceptance.

UNI