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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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How Mutual Fund Software Grows Business Even in Covid?



Continuing functions of business in such uncertain times is typical for every firm and also affects the survival due to shutdown of operations but still preparation can be done to overcome the difficult time with right resources. The Mutual Fund Distributors can operate their business virtually without limiting business functions through the financial platform in the form of Mutual Fund Software for Distributors that gives virtual access to the business through digital control.

Many distributors are unable to carry out their business activities due to pandemic and also due to no digital presence of business. While those distributors having access to business through digital availability are easily generating business opportunity through the Wealth Elite Software that provides full control of the firm virtually.

Wealth Elite assist in business growth as:

  • Consistent work with no restrictions.
  • Deliver services to clients even in uncertainty.
  • Paperless platform for dealing with clients.
  • Online transactions any time with no limits.
  • Generate new prospects from anywhere.

Advantages

  • Operate business from the comfort of home.
  • Less cost of operations for the entire firm.
  • Productive services to the clients.
  • Improves efficiency of the firm.
  • Eases formation of complex report.

Without presence of digital venture the distributors find it typical to manage the operations of the business and also affect the performance along with the revenue. In order to run the business the Mutual Fund Software is must for the distributors to smoothly operate the activities of the business.

Choosing right wealth management platform is must in order to sustain in the competitive market as in front of heavy competition. Many firms get out of the industry without adapting Mutual Fund Software for IFA that becomes the reason of closure for the business. To survive it is recommended for the advisors to adapt the latest technology that helps in competing with the rivals.

The task of individual financial advisors has been mitigated since the arrival of the wealth management tools which basically operates most of the functions on behalf of advisors even without requiring any human efforts.

Today’s business operations involve several complexities and attention of IFA’s personally on every aspect of business activity cannot be thought of.  However, wealth management software are specially designed to deal with every aspect of the advisors business which assumes the risk associated with investment and deals in volatile market to achieve the planned returns.

It is recommended for the mutual fund distributors to go with the resources that makes the firm more productive and minimizes the efforts to enhance the capability within limited time. Also, the cost plays an important role which has the potential to affect the whole firm, thus advisors should go for the platform that reduces the operational cost and enhances the capability to deal with multiple clients at a time. 

The consequences of a bad investment strategy is not only suffered by investors but the advisors as well which ruins the goodwill and long term engagement of the clients along with the future prospects.

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

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