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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 Can Mutual Fund Software Help MFDs Deal with AMCs for Incorrect Brokerage?

 Mutual Fund Distributors (MFDs) often face a frustrating gap between the brokerage rates committed by Asset Management Companies (AMCs) and the actual brokerage they receive. This discrepancy can lead to significant challenges and financial setbacks for MFDs, making it crucial to have accurate tools to address these issues.  


Challenges MFDs Face

  1. Loss of Pay: When the actual brokerage received is less than the committed rate, MFDs lose potential income.
  2. Inaccurate Payments: Discrepancies between the expected and received amounts lead to financial mismanagement.
  3. Incentive Gaps: Missing or incorrect incentive payments further reduce the overall earnings of MFDs.
  4. Reconciliation Issues: Manually reconciling brokerage payments is time-consuming and prone to errors.
  5. Crawl Back Amounts: Unexpected clawbacks can disrupt financial planning and cash flow management.
  6. Client Trust: Frequent issues with brokerage payments can harm the trust MFDs have built with their clients.
  7. Operational Delays: Time spent on resolving brokerage issues takes away from client service and business development.

An Easy Solution For Challenges

Mutual fund software for distributors offers a comprehensive solution to address these brokerage discrepancies. With advanced features like brokerage reports and reconciliation tools, MFDs can effectively manage and rectify brokerage-related issues.

Brokerage Reports and Reconciliation

  1. Committed Rate vs. Received Rate: The software provides a clear comparison between the brokerage rate promised by the AMCs and the rate actually received by the MFDs.
  2. Expected Amount vs. Received Amount: MFDs can easily track the total expected brokerage payments against the amounts they have actually received.
  3. Incentives Tracking: Detailed records of incentives help ensure that all promised bonuses and additional payments are accounted for accurately.
  4. Crawl Back Amounts: The software tracks any clawback amounts, providing transparency and helping MFDs plan their finances better.
  5. Net Actual Amount: A clear view of the net brokerage amount after adjustments, giving MFDs an accurate financial picture.

Benefits of Mutual Fund Software

  1. Accurate Financial Management: The software ensures that all brokerage payments are accurately tracked, reducing the chances of financial discrepancies.
  2. Time Efficiency: Automated reconciliation saves MFDs valuable time, allowing them to focus on client service and business growth.
  3. Enhanced Transparency: Clear and detailed reports provide MFDs with all the necessary information to address discrepancies with AMCs confidently.
  4. Better Financial Planning: Knowing the exact amount of brokerage received versus expected helps in better financial planning and cash flow management.
  5. Improved Trust: Accurate brokerage tracking and resolution of discrepancies enhance the trust between MFDs and their clients.
  6. Reduced Errors: Automation reduces the risk of human errors in tracking and reconciling brokerage payments.
  7. Regulatory Compliance: Detailed reports ensure that MFDs stay compliant with regulatory requirements regarding financial disclosures and reporting.
  8. Increased Revenue: By ensuring all due payments are received, MFDs can maximize their revenue potential.
  9. Enhanced Client Service: With less time spent on reconciliation, MFDs can dedicate more time to improving client relationships and services.

Conclusion

Mutual fund software not only saves time and reduces errors but also ensures that MFDs receive the payments they are entitled to. Embracing mutual fund software is a smart move for any MFD looking to streamline operations and maximize its revenue potential.

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