jiofinance app
Reliance Group's JioFinance has created a feature for its users that will make managing people's money very easy. Now one will not need to look for different bank apps, mutual fund platforms or stock portfolios, because all these will be available at one place on the JioFinance app. The biggest advantage of this new update is that any person will be able to understand and track his entire financial life on one screen.
The first major feature added to the app is the Unified Financial Dashboard. Through this, information about loan, deposit and other bank accounts of Jiofinance is shown together. Whether the account is in a small bank or a big national bank, all the data is updated in real-time on a single dashboard. This gives the user a clear understanding of where his total earnings, expenses and savings lie.
The second feature is Comprehensive Asset Tracking, which allows linking mutual funds, equities, ETFs and bank accounts. With this system, the user can easily see how his investments are performing, which funds are yielding profits and where improvements are needed. The company says that soon fixed deposits and recurring deposits will also be linked to this tracking system, so that the user's money will be visible accurately at one place.
Apart from these two, the third and very special feature is smart, data-driven guidance. It uses artificial intelligence to understand the user's expenditure, income and investment patterns and then gives suggestions accordingly. This feature is especially useful for those who want to manage money properly but have difficulty getting started. The app tells them how much to invest, which expenses to stop and in which direction the savings can increase.
Company CEO Surbhe S. Sharma said that this feature is a big step towards making the financial life of Indians simpler and more transparent. He believes that in the coming time, millions of people will be able to manage their money better through this app and become financially strong.
The app is not only useful for investment tracking, but it can also be used to invest in mutual funds, open demat accounts and access other financial services. JioFinance Platform and Service Limited, which is a subsidiary of Jio Financial Services, operates this app.
You have to go to the Track your Finances tab in the JioFinance app. There the user can create his personal financial dashboard by completing some simple steps. After linking, it becomes easy to see bank accounts, mutual funds and stocks all in one place.
