logo
SBI mutual fund launches AI-powered ‘SmartAssist' on whatsApp

SBI mutual fund launches AI-powered ‘SmartAssist' on whatsApp

Time of India01-07-2025
SBI Mutual Fund
, India's leading asset management company, today announced the launch of SBIMF SmartAssist, an AI-powered
conversational assistant
available on WhatsApp. Designed to simplify every stage of the
mutual fund journey
, SmartAssist helps users learn about mutual funds, invest, and manage their portfolios — all through a simple, WhatsApp chat-based experience.
A seamless investment journey: Educate – Buy – Service
Clarity without the clutter
SBI MF SmartAssist is powered by advanced natural language processing and AI that understands and learns from human conversations. It enables users to ask questions conversationally, just like chatting with a friend! SBI MF SmartAssist provides accurate, easy-to-understand responses enhanced with visual cues, eliminating the need to navigate websites or sift through a lot of information.
A simple & friendly experience
Whether you're starting an SIP, checking your portfolio, comparing funds, or resuming your investment journey, SBI MF SmartAssist makes the process seamless, guiding you step by step. All interactions take place within WhatsApp, making mutual fund investing more accessible and friendly than ever.
Always on, always ready
Available 24/7, SBI MF SmartAssist ensures your investing needs are just a message away, eliminating wait times and making it convenient for you.
'At SBI Mutual Fund, we believe technology should simplify and bring in efficiency. With the launch of SmartAssist – our AI powered WhatsApp chat bot, we are bringing the power of AI directly to our investors, making mutual fund investing more intuitive and accessible. This is a significant step in our journey to enhance investor experience and adopt tech for growth and efficiency', said
Mr. Nand Kishore
, MD & CEO, SBI Mutual Fund.
'With SBI MF SmartAssist, we are not just offering a chat service — we are offering a full-cycle investment companion which is built on AI to give consumers an intuitive and enriched experience,'
said Mr. Srinivas Jain, Executive Director and Chief of Strategy, Digital & Technology, SBI Mutual Fund.
Powered by AI, designed for everyone
SBI MF SmartAssist is currently available in English, with support for regional languages coming soon — reflecting SBI Mutual Fund's commitment to financial inclusion. By leveraging WhatsApp's reach to over 800 million Indians, the tool aims to bring digital investing to every corner of the country.
An evolving AI-led experience
As an AI-powered platform, SmartAssist is continuously learning and evolving. While we strive to deliver accurate and seamless service, we appreciate your patience as we fine-tune the experience based on real-world interactions and user feedback.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

WhatsApp accuses Russia of blocking calls for over 100 million users amid internet crackdown
WhatsApp accuses Russia of blocking calls for over 100 million users amid internet crackdown

First Post

time27 minutes ago

  • First Post

WhatsApp accuses Russia of blocking calls for over 100 million users amid internet crackdown

WhatsApp accused Moscow of restricting calls to block secure communication for millions, as Russia pushes local apps and tightens internet control WhatsApp accused Moscow of trying to block millions of Russians from accessing secure communication after calls on the messaging app were restricted, as Russia promotes home-grown social media platforms and seeks greater control over the country's internet space. Russia said on Wednesday that it had started restricting some WhatsApp, owned by Meta Platforms, and Telegram calls, accusing the foreign-owned platforms of failing to share information with law enforcement in fraud and terrorism cases. STORY CONTINUES BELOW THIS AD Text messaging services and voice notes are currently unaffected. A simmering dispute with foreign tech providers intensified after Moscow's February 2022 invasion of Ukraine, with Russia blocking Meta's Facebook and Instagram, slowing the speed of Alphabet's YouTube and issuing hundreds of fines to platforms that failed to comply with Russian rules on online content and data storage. 'WhatsApp is private, end-to-end encrypted, and defies government attempts to violate people's right to secure communication, which is why Russia is trying to block it from over 100 million Russian people,' WhatsApp said late on Wednesday, vowing to continue trying to keep encrypted services available in Russia. Telegram said it actively combats the harmful use of its platform, including calls for sabotage or violence and fraud, and that moderators use AI tools to remove millions of malicious messages every day. In July 2025, WhatsApp's monthly reach in Russia was 97.3 million people, compared to 90.8 million for Telegram, according to Mediascope data. Third-placed VK Messenger, an offering from state-controlled tech company VK, reached 17.9 million people. Russia has a population of more than 140 million people. Online monitoring services Downdetector and Sboy reported surges in internet users complaining about poor WhatsApp functionality. In Krasnodar, a region in southern Russia, local media also reported a drop off in mobile connectivity. A public Telegram group of Krasnodar taxi drivers was inundated on Thursday with complaints about poor mobile connectivity, with many drivers unable to use online maps to navigate around. STORY CONTINUES BELOW THIS AD 'What should I do, there's no map,' a driver named Sergei asked the 3,700 others in the forum. 'Download offline maps,' Alexei, another driver, suggested. 'For the future.' Steady degradation Russia banning WhatsApp and Telegram users from making calls comes as the government is actively promoting a new state-controlled messaging app, MAX, that will be integrated with government services and which critics fear could track its users' activities. Senior politicians are migrating to MAX, urging their followers to come with them. Anton Gorelkin, a leading regulator of Russia's IT sector in parliament, said he would post to his MAX followers first and said many other lawmakers would soon follow suit. 'Ultimately, they want to control users and the information they receive,' said Mikhail Klimarev, director of the Internet Protection Society, a Russian digital rights group. But MAX may not cope with a huge influx, Klimarev told Reuters, so a gradual adoption is preferable. And there is also a social consideration. 'Changes are never welcome,' Klimarev told Reuters. 'People don't like being forced to register somewhere (new).' WhatsApp's other services remain available for now, but the steady degradation of a service is a tactic Russia has employed before, notably with YouTube, where slower download speeds have made it harder for people to access content. STORY CONTINUES BELOW THIS AD Human Rights Watch said in a report last month that Russia has been 'meticulously expanding [its] legal and technological tools to carve out Russia's section of the internet into a tightly controlled and isolated forum'. Lawmakers have approved a new law that tightens censorship and could have sweeping ramifications for digital privacy, with Russians facing fines if they search online for content Moscow considers 'extremist', including via virtual private networks that millions use to bypass internet blocks.

The Hindu STEP introduces AI-powered English coach
The Hindu STEP introduces AI-powered English coach

The Hindu

time27 minutes ago

  • The Hindu

The Hindu STEP introduces AI-powered English coach

The Hindu STEP has introduced a new artificial intelligence (AI) power speaking coach, ProSpeak, designed to bring cutting edge newspaper's language expertise and AI technology to provide round-the-clock personalised speaking practice. The AI-powered English speaking coach provides guided dialogue for structured natural conversation, role plays for academic and workplaces. ProSpeak — having the capacity to listen, and assess — would provide instant feedback, giving every learner the opportunity to practise as much as they need to succeed. It understands both Tamil and English, making it easier to move from thinking to speaking. A version, including Hindi and other regional languages, is planned in coming months. ProSpeak will be offered to higher education institutions looking to strengthen their students' communication skills.

WhatsApp brings new features to make group calls ‘more fun and productive': Details
WhatsApp brings new features to make group calls ‘more fun and productive': Details

Time of India

time39 minutes ago

  • Time of India

WhatsApp brings new features to make group calls ‘more fun and productive': Details

AI generated Image Meta-owned WhatsApp is rolling out a set of new tools that is aimed to make group calls easier to organise and more interactive. With the new feature, the instant messaging app aims to address a common need for better coordination in both personal and professional settings. WhatsApp's new update introduces a 'Schedule call' feature. It will be available via the + button in the Calls tab, allowing users to set a date and time for a call, send invitations to individuals or groups, and share a dedicated call link. Further, the Calls tab will now display all upcoming calls alongside attendee lists, and users can add links directly to their personal calendars. To ensure no one misses a meeting, all participants will receive a notification shortly before the call begins. Raise hand and emoji reaction comes to WhatsApp calls In a bid to make conversations more orderly, WhatsApp has added two interactive tools for group calls. The 'raise hand' function, similar to the one in Google Meet, lets participants indicate they want to speak without cutting in, while reaction emojis give a way to respond instantly without disrupting the flow of discussion. Call link creators will also see improved controls—they will now get notified when someone joins a call using the link, making it easier to track attendance in real time. WhatsApp emphasised that, as with all personal communications on the platform, these calls remain protected by end-to-end encryption, meaning no one outside the conversation can access its content. The company said it expects the update to make group calls 'more fun and productive' for its global user base. Vivo V60 First Look: Better 'Shaadi Wala' Phone? AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store