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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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Can MFDs Offer ELSS Through the Best Mutual Fund Software in India?

 


Investors start looking for tax-saving strategies as soon as the financial year-end hits them. And then, almost magically, they expect their Mutual Fund Distributor (MFD) to provide the perfect solution. If you are an MFD struggling with this last-minute rush, the best mutual fund software in India can help you offer Equity Linked Savings Schemes (ELSS) efficiently.

How ELSS Helps in Tax Planning

Equity Linked Savings Schemes (ELSS) are one of the most popular tax-saving investment options under Section 80C of the Income Tax Act. Here's how ELSS benefits investors:

1. Tax Deduction Benefits

ELSS investments qualify for tax deductions of up to ₹1.5 lakh per financial year, reducing the taxable income of investors.

2. Shortest Lock-in Period

Compared to other tax-saving investments like PPF (15 years) and NSC (5 years), ELSS has a lock-in period of just 3 years, offering better liquidity.

3. Higher Growth Potential

Since ELSS primarily invests in equities, it has the potential to deliver higher long-term returns compared to traditional tax-saving instruments.

4. Systematic Investment Option

Investors can choose to invest in ELSS through SIPs (Systematic Investment Plans), making tax planning easier and more disciplined.

5. Wealth Creation with Tax Efficiency

ELSS provides a dual benefit of tax savings and wealth creation, making it a preferred option for long-term investors.

How Can Software Help in Offering ELSS

Mutual Fund Distributors (MFDs) can offer ELSS through the top mutual fund software in India like Wealth Elite as part of their services. This technology simplifies multiple operations, allowing MFDs to focus on client needs. Here's how a software helps:

1. Facilitates ELSS Distribution

Back office software enables MFDs to sell ELSS seamlessly along with other mutual fund schemes. It provides a user-friendly interface for both MFDs and investors to access and invest in ELSS.

2. Automated Processes

The software automates various tasks such as portfolio management, SIP registrations, lump-sum investments, redemptions, and report generation. This saves time and minimizes manual errors.

3. Enhanced Client Experience

Investors can track their ELSS investments, view performance reports, and make transactions online. This enhances transparency and investor confidence.

4. Seamless Portfolio Management

MFDs can manage multiple client portfolios efficiently, ensuring that ELSS investments align with investors' financial goals and risk profiles.

5. Compliance and Security

Wealth management software ensures compliance with SEBI and AMFI regulations. It provides a secure platform for transactions and protects sensitive client data.

6. Scalability for MFDs

As MFDs expand their client base, back office software helps them manage growing portfolios without operational stress. The software allows easy onboarding of new clients and provides efficient service to existing ones.

7. Access to Advanced Tools

MFDs can leverage online risk profiling, asset allocation tools, and investment calculators to provide personalized ELSS recommendations.

8. Reporting and Analysis

The software generates in-depth reports on client holdings, investment performance, and tax-saving progress. MFDs can use these insights to guide clients effectively.

Conclusion

As an MFD, offering ELSS through back office software simplifies your tax-planning services and improves client engagement. With automated processes, secure transactions, and real-time portfolio tracking, MFDs can enhance their services while helping investors save taxes efficiently. If you are looking to streamline your ELSS distribution, adopting software is the smart way forward. 

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