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 life of a Mutual Fund Distributor (MFD) can be both rewarding and demanding. Managing crores of rupees in Assets Under Management (AUM) is a significant responsibility. However, traditional, manual methods of operating an MFD business can be time-consuming, frustrating, and prone to errors. The Struggle is Real: Challenges of Manual Operations MFDs who rely solely on manual processes often face a multitude of challenges: Time Crunch: Juggling a mountain of paperwork, chasing client signatures, and manually processing transactions can eat up valuable time. This leaves less time for what truly matters - building strong client relationships and growing your business. Error-Prone Processes: Manual data entry and calculations are susceptible to human error. Mistakes in paperwork or transactions can lead to delays, complications, and damage to your reputation. Paperwork Overload: Traditional methods rely heavily on paper-based systems. This can lead to cluttered workspac...