KFin Technologies gains on launching mPower Wealth platform

04 Sep 2024 Evaluate

KFin Technologies is currently trading at Rs. 1015.65, up by 3.55 points or 0.35% from its previous closing of Rs. 1012.10 on the BSE.

The scrip opened at Rs. 1003.10 and has touched a high and low of Rs. 1021.85 and Rs. 998.45 respectively. So far 12301 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1188.45 on 27-Aug-2024 and a 52 week low of Rs. 424.85 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 1079.30 and Rs. 998.45 respectively. The current market cap of the company is Rs. 17183.47 crore.

The promoters holding in the company stood at 33.06%, while Institutions and Non-Institutions held 44.27% and 22.67% respectively.

KFin Technologies has launched the mPower Wealth platform, an advanced, omnichannel wealth management solution designed to address the needs of wealth managers, family offices, banks, and external asset managers. The platform offers integration across front, mid, and back-office operations, multi-asset, multi-currency capabilities, and technology to help wealth managers improve client experiences.

The shift towards multi-asset and multi-currency investments, along with a generational wealth transfer that emphasizes purpose-driven investments, presents an opportunity for platforms that can provide a holistic view of client assets, ensure regulatory compliance, and scale with the business. mPower Wealth aims to address the evolving needs of this growing market by providing a comprehensive, scalable, and technologically advanced platform. 

KFin Technologies provides services and solutions to intermediaries operating in the capital market ecosystem such as mutual funds (MF), alternative investment funds and wealth management firms.


KFin Technologies Share Price

999.75 41.30 (4.31%)
31-Oct-2024 16:01 View Price Chart
Peers
Company Name CMP
Computer Age Man 4433.75
KFin Technologies 999.75
Central Dep. Service
National Sec.Deposit
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