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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 the Compare Funds Feature in Mutual Fund Software Work?


Investors are often unsure about which mutual fund to invest in. With so many options available in the market, making the right choice for every need can be overwhelming. This is where Mutual Fund Distributors (MFDs) step in. MFD's responsibility is to help investors understand which scheme would suit their goals. However, convincing investors about the right scheme in a fund can be a challenging task.

Challenges MFDs Face in Convincing Investors

  1. Information Overload: Investors are bombarded with information from various sources, making it difficult for them to differentiate between good and bad investment options.
  2. Lack of Trust: Investors may be skeptical about the advice they receive, questioning whether it’s truly in their best interest.
  3. Complex Comparisons: Analyzing multiple mutual funds across different parameters is a complex process, and explaining these comparisons to clients can be time-consuming.
  4. Tailored Recommendations: Each investor has unique financial goals and risk tolerance, making it necessary for MFDs to tailor their advice, which requires detailed analysis and comparison.
  5. Time Constraints: With a large client base, MFDs often struggle to dedicate enough time to each client to perform these detailed comparisons manually.

Introducing the "Compare Funds" Feature in Mutual Fund Software

Mutual fund software for distributors offers a range of tools designed to simplify the process of managing and advising on mutual funds. One of the most powerful tools available to MFDs is the "Compare Funds" feature. This tool enables MFDs to compare up to five mutual fund schemes of the same category simultaneously, allowing them to present a clear and comprehensive comparison to their clients.

Key Parameters for Comparison

The "Compare Funds" tool allows MFDs to evaluate mutual fund schemes based on various critical parameters. Here’s how it works:

  1. Investment Amount: The tool enables MFDs to input different investment amounts to see how each fund performs with varying levels of capital.
  2. Investment Start Date: MFDs can set the start date of the investment to track how the fund has performed from a specific point in time, offering historical performance insights.
  3. Maturity Date: This feature allows MFDs to simulate the investment’s growth up to a selected maturity date, helping investors understand the potential return at the end of their investment horizon.
  4. Benchmark Comparison: The tool allows MFDs to compare the selected mutual funds against benchmarks like the Sensex or PPF (Public Provident Fund), providing a clear perspective on the fund's relative performance.

Additional Features

Beyond the basic comparison parameters, the software may also offer:

  1. Performance History: Detailed performance history, including returns over various time frames (1 year, 3 years, 5 years), to give a comprehensive view of each fund's track record.
  2. Expense Ratio Comparison: MFDs can compare the expense ratios of different funds, helping investors understand how much they’ll be paying in fees relative to other options.
  3. Risk Assessment: The tool can provide insights into the risk level of each fund, comparing metrics like standard deviation and beta to help investors gauge the volatility of their investments.
  4. Sector Exposure: The software might include a breakdown of the sectors each mutual fund is exposed to, allowing for a comparison of sectoral allocation and diversification.

Conclusion

The "Compare Funds" feature in mutual fund software for IFA is a game-changer for MFDs. It simplifies the complex process of comparing multiple mutual fund schemes, enabling MFDs to offer personalized and transparent advice to their clients. By automating the comparison process, MFDs can save time, reduce errors, and enhance their clients' decision-making process. Ultimately, mutual fund software not only improves efficiency but also allows MFDs to focus on revenue-generating activities that drive business growth.

Investors benefit from a clear, detailed analysis of their investment options, making the process of selecting the right mutual fund less daunting and more aligned with their financial goals.

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