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How Mutual Fund Software Supports PMS With USD-Based Entries

  PMS data entry has always been a core part of an MFD’s back-office work. But until recently, everything had to be entered only in INR — even when clients invested in products denominated in foreign currency. Now, with USD-based PMS entries supported directly inside your  mutual fund software , managing such investments becomes far easier, cleaner, and more accurate. This small update solves a big pain point and opens the door to better reporting, better transparency, and better portfolio tracking. Let’s break down what this really means for you and your clients. Why USD-Based PMS Entry Matters? Many high-value investors today diversify across borders. Some hold PMS products, private arrangements, or alternative investments where values are recorded in USD. Earlier, you had to convert every value manually into INR just to enter it into the system. This led to: ●    Confusion during reporting ●    Exchange rate mismatches ●    Errors in calculatio...
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What is Actually a Goal GPS?

 


Basically, Goal GPS act as roadmap for advisors and clients as well to predefine the long term investment objectives along with preparing a standard plan to comply the set goals. Being an advisor you cannot only set goals for the clients but also help them in mapping and allocating funds through different assets along with the mutual fund investment. You can set goal for every status of clients either rich, middle or low status of investors.

Why do you need to set goals for investors?

It has been seen that advisors who link the investor’s goal with real life objectives easily connects and converts the prospect into their client because an investor with a single objective of high returns can easily give up from the market at the time of low returns. Contrary, those investors who enter the mutual fund software market with some specific goals are the ones who stay for a long term until the objectives are accomplished. Setting goals also connects the investors with an emotional touch that induces them to accumulate funds for investment.



What probable issues you may face due to lack of setting objectives?

Though every investor has different approach towards investment in mutual fund market and integrating investment goals with life goals is considered foremost for advisors to retain the client for long term in market. Still let’s look about some of the issue which generally occurs due to no goals like:

·         No consistent format or pattern of investment.

·         Issues in generating regular returns over invested funds.

·         Chances of losing clients due to no updates pertaining to funds progress.

·         Some clients even leave the market at the time of depression because they do not have specific goals.

·         Tracking of funds growth would be typical because no goal is available for comparison.

How Goal GPS assists in overcoming all such problems?

·         Advisors get facility to set specific objectives for client like, child education, car planning, house planning, retirement planning and more.

·         All such goal consistently reminds the investor to achieve the final goal.

·         Well structure planning and mapping of funds is possible through different assets along with mutual fund software.

·         Even new funds can be allocated anytime along with existing investment.

·         Regular tracking of goals is performed to ensure the goals are achieved within set span.

What are the steps included in setting goals under Goal GPS?

Step-I Set a Quick Goal:

You can form a goal for investor as per his desire by recording relevant information in the fields like current cost and future cost of goal, inflation rate along with overall period and expected rate of return. Based on this the lump sum or SIP amount is ascertained which is required to be invested for achieving goal.

Step-II Funds Mapping

After setting goals the advisor need to facilitate the client in mapping funds for accomplishing objectives. The provision is available to allocate new funds along with the existing funds for getting the future position of portfolio. The particular step also allows identifying the portion of investment made in the goal and the remaining part to be invested.

Step-III Goal Tracking

Tracking goal is one of the major steps to ascertain the current position of investment also for generating the overall report of investment. It facilitates in making comparison amid the current position with the future scenario of portfolio based on which suggestions can be used to improve the portfolio image.

For more information, visit@-https://wealthelite.in/

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