Since being featured on WFTV in Aug 23 (https://www.wealthforumtv.com/video/think-big/become-an-asset-allocation-champion-at-rs850-per-month-2478), Ashish Ingle’s Mulyankan has now signed up over 500 MFDs (including 10 with AuM> Rs.1000 crs each) from across India as subscribers to its algo-driven dynamic asset allocation solution.
Mulyankan has now launched MARINA – a machine assisted algo driven model which uses a factor based approach to identify the best opportunities based on current market conditions. Subscribers have a choice of using the original model which suggests allocations across debt and equity and within equity, across large, mid and small caps, or they can go for the new factor based approach and consider smart beta funds or actively managed funds that align with the factor in vogue.
Ashish is now introducing what he believes is India’s first AI driven asset allocation solution for financial intermediaries. This brings in a very convenient generative AI front end to the algo driven back end that already exists, thus giving MFDs a whole new level of convenience and ease of navigation.
Using Open AI’s ChatGPT as the platform, Mulyankan has trained the platform extensively using LLM solutions, to offer comprehensive breadth of “intelligent” responses on anything that an MFD wants to know around asset allocation and markets. It also removes all the human navigation through multiple layers of screens and filters with a simple Chat GPT type of question that you can key in, which will give you the end result immediately.
In the works is also voice recognition in multiple Indian languages so that you can use Mulyankan for asset allocation just as you use Alexa as a personal assistant.
The new AI driven solution is due for launch in early July 24.