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...
Transformation is the key to success, whether it is in life or business. The 21st century is the era of digitalization & businesses are growing exponentially using cutting-edge technology across industries. The Indian mutual fund industry is also growing at a tepid pace & targeting to touch 100 trillion by 2030. In order to match the pace, Mutual Fund Distributors (MFDs) are also required to adopt the best-in-class technology in their fund distribution business, the best mutual fund software. MFDs must understand that competent mutual fund software will not only simplify the management of their existing business but help them grow multi-fold.
Therefore, it is equally important to wisely select the correct mutual fund software, offering a single window of fintech tools & techniques that work for the benefit of both MFDs & their clients.
Wealth Elite is the best mutual fund software in India market that an MFD requires to manage its business. The primary features of Wealth Elite include:
Video KYC: helps in conducting full video KYC instantly by sending an invitation link to the investors present in any part of the world.
White Labeling Solution: will integrate all, the mutual fund software, mobile apps, and financial website, with one single URL & matching color theme. It will increase MFDs’ credibility, their online presence & their business.
Online ATM: It provides dual benefits to investors of MFDs exclusively using Wealth Elite including higher liquidity of savings & larger returns of FDs. Online ATM channelize idle money of investors into highly liquid funds, which can be easily redeemed with Insta-Redemption Feature within a few minutes to their bank account.
Goal GPS: helps MFDs in giving a future objective, a vision to their investors. MFDs now can simulate the future goals of clients, place future orders of mutual fund investments via NSE or BSE and send auto alerts to the clients. With specified future goals, the client becomes disciplined and long-term investors, which helps in slowing down their redemption rate.
Portfolio Analysis: offers simplified & automated reporting to MFDs through an in-depth report package about the investments of their clients in a few clicks, which is super easy to read and understand. Therefore, MFDs become competent to serve their clients with clear and accurate data about their investments.
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