MySIPonline, a mutual fund investment platform is healing the wounds of the investors who faced the wrath of banking sector in 2018. The online platform recommended the investors to continue their investment in Reliance Banking Fund. The suggestion worked well and bought a rally of “Acche Din” for the investors as the NIFTY Bank hit a new record high.

2018 choked the finance sector. NPA crisis, IL&FS payment defaults hit the Indian investors left, right, and center. The fear of loosing money compelled them to redeem from Reliance Banking Fund. The panic was bought to rest when the finance expert of MySIPonline took the charge and cleared the air for the investors. The experts urged them to stay invested.

Suggesting the investors to remain invested wasn’t an easy job for the team as a single wrong prediction could have resulted in loss of faith, says Mr. Virendra Ranawat- CEO of MySIPonline. For helping the puzzled investors, the experts analyzed the complete portfolio allocation of Reliance Banking Fund and found out that the scheme has diversified the assets in the top stocks of the financial sector. Furthermore, the banking fund of Reliance has allocated large percentage of assets in the large cap stocks which again makes it less prone towards market risk.

The market analysts at MySIPonline analyzed the market conditions and estimated an uptrend in the finance sector. “Giving such bold prediction wasn’t easy, especially amid the market fluctuations. But, we analyzed each and every factor and gave our opinion”, quotes a senior market researcher at MySIPonline. Finance market danced to their tunes with NIFTY bank hitting records. That’s not all, according to the facts of SEBI, the exposure of assets by the equity funds in the finance market grew to 52% year-on-year in march as compared to 29.1% y-o-y in the previous month.

Finance sector is being eyed by many categories of mutual fund which clearly reflects that the sector has a huge potential of further growth and is a good spot for parking the cash. In such scenario, Reliance Banking Fund which deploys all the assets in the sector should be a top pick for the investors. Moreover, the regulation of monetary policies by RBI will also boost the sectors’ growth further.

Apart from the recommendations, MySIPonline also played a vital role in simplifying the investment process for the investors. With the use of user-friendly, AI enabled interface the company left no stone unturned in providing the best user experience to the investors of Reliance Banking Fund. To resolve the query of the investors’ instantly, the company provides 24*7 help support. Investors can also use the mobile app (compatible with Android and iOS) for investing online in banking fund of Reliance Mutual Fund.

For more details, visit: https://www.mysiponline.com/mutual-fund/reliance-banking-fund/mso1156