UTI Mutual Fund has unveiled "Wealth 360," an innovative digital platform designed to offer investors a unified view of their entire financial portfolio. This new feature, accessible via the UTI Mutual Fund app and website, aims to simplify wealth management by consolidating various investment and savings instruments into a single, easy-to-use dashboard.
What is Wealth 360 and How Does it Work?
Wealth 360 operates on the Reserve Bank of India (RBI)-regulated Account Aggregator (AA) framework. This framework enables secure, consent-based sharing of financial information between regulated institutions. Developed in collaboration with Finarkein through the Sahamati-led AA ecosystem, the platform allows users to link eligible accounts and track their holdings.
Investors maintain full control over which accounts they connect, and consent is valid for one year, with the option to withdraw it at any time. UTI Mutual Fund emphasizes that all user information remains encrypted and is visible only to the individual investor; the fund house itself does not gain access to personal financial data.
Track a Wide Range of Financial Assets
The platform supports a comprehensive array of financial products. According to UTI Mutual Fund, users can track:
- Savings accounts
- Fixed deposits (FDs) and recurring deposits (RDs)
- Mutual funds
- Stocks and Exchange-Traded Funds (ETFs)
- National Pension System (NPS) holdings
- Insurance-linked assets available within the Account Aggregator ecosystem
Beyond just listing assets, the dashboard provides daily refreshed transaction-level insights, helping users monitor spending behavior, investment trends, and overall net worth effectively.
Accessing the Platform
Onboarding for Wealth 360 is designed to be straightforward. Existing UTI Mutual Fund users can log in using their current credentials. New users can register through a PAN-based authentication process and then proceed to link their eligible financial accounts.
The Significance of Wealth 360
Vinay Lakhotia, Group President and Chief Financial Officer at UTI AMC, highlighted that the launch addresses a growing demand from investors who increasingly diversify their money across multiple products and institutions, leading to fragmented financial views. Wealth 360 reflects a broader industry trend towards open-finance infrastructure and consent-based data sharing, aiming to provide a clearer, integrated picture of an investor's complete financial standing.