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...
The mutual fund distributor has diverse tasks to conduct in the business from discovering the potential clients to on boarding, putting the transaction, creating and mailing reports, the obligations are extensive. While the distributor has little potential and period to perform all these functions within a short period and also precision and concentration are required in each task because a single error can lead to adverse results in the business. Selecting helpers for each task will demonstrate the expensive of the distributors as the static cost will get associated with each month. In such a case the distributor can freely rely upon the technology which will look after each job of the distributor with full exactness without the action of the distributor.
The Mutual Fund Software has the possibility to manage all the duties of the distributors that too at significantly less cost also the distributor doesn’t require to compel an expert to perform the job. Technology is the most significant investment for the firm in the present age through which one can easily dominate the industry and can help the clients in the selected manner from the convenience of anywhere.
The processes which took long hours can now readily be done within moments without any problem with the progressive features in the wealth management medium. The distributors can easily handle the whole firm from any place across the world. The clients also receive services on time without a wait and anytime as per their comfort. Without the technological platform, it evolves difficult for the distributors to serve customers in a nonstop form also the connection with the investors get affected.
Advantages of Mutual Fund Software for IFA & Distributors
- Regular assistance to all the clients of the firm.
- Decreases the processes and the expenses of the firm.
- Quickly registers new clients.
- Serve any investors across the world.
- Manage KYC online through Video KYC.
- Presents statements in a few points.
- Help in advertising a firm on social platforms.
- Runs the task of the firm for the distributors.
Here are the numerous resolutions that the distributors get within the platform
- Registration
The on boarding of the clients is easy and quick as the whole process can be efficiently done via the online medium without seeing any place. The distributors can enlist new customers regardless of the place of the investors. The medium enables on boarding of bulk clients at a time that underestimates the steps and increases the efficiency of the distributors. Also, the investment can be initiated often without a delay.
- Acquisition
The platform can set the trades at a click from anywhere without any restriction. The tool has a different cart facility for the individual investors which draw the case of chaos for the distributors. The distributor can also plan future orders which will manage automatically on the scheduled date. With these considerable features, the distributors get comfort in placing trades for the investors.
- Performance Measurement
The tracking of the portfolio can be accomplished through the platform as it enables the distributors in watching the execution of the investment. Also, the distributor can form appropriate decisions when the implementation of the portfolio is not in an expected manner. The trait helps distributors in maintaining a steady eye on the investment of the customers through which adequate performance can be attained.
- Strategy
The platform aids distributors in designing a process for the acquisition before supporting the money in the market. Also, the distributors consider the chance of the clients which vary from investor to investor. The planning is done based on the risk-bearing possibility of the clients through which the schemes are suggested. The efficient outcomes are achieved through the best planning accomplished with the help of the platform.
- Analysis
The platform has the quality to estimate the prospective results on the asset through multiple economic calculators which produces the best outcomes and helps the distributors in forming decision-related to invest. The distributors without the support of this feature find it complex to show the results of the acquisition thus having the medium and the feature is essential.
- Verification
The validation of the investors can be conducted online with the use of the Video KYC feature that contains a few steps which can be accomplished efficiently from anywhere. This trait saves the term and cost of the distributors and the investors as well. The distributors can also verify the status of the KYC and can approach the clients to finish the process. The process is entirely paperless and the clients have to propose the scanned documents.
- Reports
The distributors can efficiently form the reports of the portfolio which offers the accurate part of the investment done. The statements are complicated and need the awareness of the distributors but with the support of the platform, the statements can be created with a click. The distributors can also mail the reports through the mail without any problem.
Examining all the above features the Mutual Fund Software for Distributors is an important medium that generates the work efficiency of the firm and assists in completing all the tasks of the firm with precision. The distributors not adjusting the latest platform are suffering in the industry for existence while those who had adjusted are appreciating and serving the customers at comfort. The tool assists in delivering tough rivals in the market and achieving the highest portion of the market.
For more information, visit https://wealthelite.in/
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