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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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How Does Mutual Fund Software Help in Goal-Based Investing?

 Investing without clear goals often leads to frequent redemptions when financial needs arise unexpectedly. This not only disrupts the investment strategy but also affects the financial growth potential for investors. Mutual Fund Distributors (MFDs) face several challenges due to this behaviour.



Challenges MFDs Face with Investments

  1. Frequent Redemptions: Investors tend to withdraw their money prematurely, disrupting their long-term financial plans.
  2. Reduced Assets Under Management (AUM): Every redemption reduces the total AUM, impacting the revenue generated from management fees.
  3. Decreased Client Retention: Without a clear investment plan, clients may not see the value in staying with the same MFD, leading to lower retention rates.
  4. Lower Client Satisfaction: Clients who don't achieve their financial goals due to premature redemptions are less likely to be satisfied with their MFD's services.

Introducing Mutual Fund Software for Goal-Based Investing

Mutual fund software for distributors like Wealth Elite can significantly help in addressing these challenges through goal-based investing tools. One such tool is Goal GPS, which helps investors visualize their long-term financial goals and stay committed to them. Here’s how it works:

Step 1: Quick Goal Maker

The Quick Goal Maker feature allows MFDs to help their clients set clear and achievable financial goals. Whether it’s saving for a child's education, planning for retirement, or buying a house, this tool makes it easy to define clear goals that investors want to achieve.

Step 2: Map Funds

Once the goals are set, the next step is to map appropriate mutual fund schemes to each goal. This involves mapping existing investments to goals and adding new ones which includes selecting funds that match the investor's risk profile and investment horizon. The software provides recommendations based on extensive research and analysis.

Step 3: Goal Tracker

The Goal Tracker helps in monitoring the progress of each goal. It provides regular updates on how the investments are performing relative to the set targets. This keeps investors informed and motivated to stay on track.

Conclusion

The best mutual fund software in India like Wealth Elite is designed for goal-based investing and transforms how MFDs manage their client's investments because when investors invest in their goals, they will stay invested in the long run.

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