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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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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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