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Can You See Dividend History & NAV in the Best Mutual Fund Software in India?

When it comes to managing mutual funds, having access to detailed information like dividend history and Net Asset Value (NAV) is crucial. The  best mutual fund software in India  offers these features, making it easier for mutual fund distributors to provide top-notch service to their clients. What is Dividend History? Dividend history refers to the record of all the dividends a mutual fund has paid out over time. Dividends are portions of a fund's earnings distributed to its investors. Knowing the dividend history of a mutual fund can help investors understand the fund's performance and reliability. For instance, if a fund has consistently paid dividends over the years, it might be considered a stable investment. What is a NAV Finder? NAV, or Net Asset Value is the representation of the per unit value of a mutual fund. It is calculated by dividing the total value of all the fund's assets minus liabilities by the number of outstanding shares. An NAV finder allows users to t
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7 Common MFD Challenges Solved with Mutual Fund Software

 Handling a complex business like mutual fund distribution isn't easy. It goes beyond basic calculations; it involves managing crores of assets under management (AUM). However, many Mutual Fund Distributors (MFDs) find themselves overwhelmed by repetitive tasks, leaving little room for strategic business growth. 


Challenges MFDs Face in Their Business

  1. Frequent Redemptions: One of the primary challenges MFDs face is dealing with frequent redemptions from clients. Each redemption reduces the total AUM managed by the distributor, impacting their revenue stability and growth potential over time.
  2. Declining AUM: As a consequence of frequent redemptions, the overall AUM of the MFD decreases. This decline not only affects revenue but also poses challenges in maintaining a stable client base and expanding business operations.
  3. Manual Paperwork: Traditional processes involving extensive paperwork for transactions, client documentation, and compliance reporting consume significant time and resources. This manual approach is prone to errors and delays, hindering operational efficiency.
  4. Time-Consuming Transactions: Processing transactions manually is a time-consuming endeavour for MFDs. From executing trades to handling client requests, the manual process limits the speed and agility required to meet client expectations promptly.
  5. Managing Multiple Assets: Balancing and overseeing diverse asset classes such as P2P lending, mutual funds, IPOs, equities, and loans against mutual funds requires meticulous management. Without streamlined tools, this task can become overwhelming and inefficient.
  6. Client Communication: Effective communication is essential for client satisfaction and retention. However, maintaining regular and personalized communication with a growing client base proves challenging without efficient tools and processes in place.
  7. Paper-Trail Onboarding: Traditional onboarding processes reliant on physical paperwork are cumbersome and susceptible to errors. This method of gathering client information and completing regulatory requirements adds unnecessary complexity to client relationship management.

Introducing Mutual Fund Software for Distributors

The best mutual fund software for distributors serves as a comprehensive solution to these challenges. It automates manual processes and saves time for MFDs, so they can focus more on business growth.

It also allows MFDs to handle various assets like P2P lending, mutual funds, IPOs, equities, and loans against mutual funds, meeting the diverse investment needs of their clients. 

Benefits of Using Mutual Fund Software

  1. Goal-Based Planning for Redemptions: Integrated tools facilitate setting and tracking investment goals, enabling MFDs to manage client redemptions strategically and proactively.
  2. Multiple Asset Management: Centralized management of various asset classes under one platform ensures comprehensive client service and operational efficiency.
  3. Automation for Paperwork: Automated transaction processing and documentation management reduce the reliance on manual paperwork, minimizing errors and enhancing compliance.
  4. Digital Onboarding: Streamlined digital onboarding processes to simplify client registration and compliance procedures, improving efficiency and accuracy.
  5. Client Reporting: Automated and customizable client reporting features provide real-time insights and transparency, enhancing client engagement and satisfaction.
  6. Automated Due and Maturity Alerts: Timely notifications for due payments and investment maturity enhance client communication and service delivery.
  7. Online Transactions: MFDs can make quick online transactions across NSE/BSE and MFU, which saves time and effort for MFDs.

Conclusion

The top mutual fund software in India empowers MFDs to streamline data management, automate routine tasks, and enhance client interactions.

 

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