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...
As a Mutual Fund Distributor (MFD) using a mutual fund software, you’ve probably heard this more than once: “Can you cancel my SIP?”
While most investors come to you to start SIPs, some return later to stop them. And that’s completely fine.
Your job isn’t just to get people started, it’s to support them throughout their journey.
Thankfully, modern mutual fund software (especially those integrated with BSE Star MF) allows you to cancel SIPs quickly and efficiently.
Let’s explore why investors cancel SIPs—and how your software can help you manage it.
Why Do Investors Cancel SIPs?
SIP cancellation isn’t always negative. It’s often driven by real-life situations. Some common reasons include:
Financial Changes
● Job loss or income delays
● Business slowdown
Sudden Expenses
● Medical emergencies
● Family support or loan repayments
Shift in Goals
● Prioritising short-term needs
● Switching to lump sum investments
Fear or Panic
● Market volatility concerns
● Influenced by external opinions
Lack of Awareness
● Didn’t know SIPs auto-debit monthly
● Confused between pausing and cancelling
Your role here? Not to convince them otherwise, but to act fast and offer clarity.
Yes, SIP Cancellation Is Possible Through The Best mutual fund software
If your software is BSE-integrated like Wealth Elite, SIP cancellation becomes a quick digital process.
Here’s how it works:
● Locate the investor’s SIP
● Click to cancel directly from your dashboard
● Request gets forwarded to BSE automatically
● Cancellation confirmation is shared digitally
No paperwork. No delays. No confusion.
Why It Matters for MFDs
SIP cancellation might seem like a small task, but it can have a big impact on investor trust.
Saves Your Time
● One-click process = no manual work
● No chasing forms or sending emails
Keeps Investors Happy
● Fast action builds confidence
● Shows that you value flexibility
Gives You More Control
● Clear SIP status at any time
● Track active, cancelled, and paused SIPs easily
And most importantly, investors remember how easy you made it.
It’s Also a Great Chance to Reconnect
Don’t treat SIP cancellation as the end of the journey. Instead:
Ask Why
● Understand their current situation
● Offer a relevant solution if possible
Educate Them
● Explain the difference between pause and cancel
● Share long-term investing insights
Rebuild the Plan
● Adjust SIP amounts or switch schemes
● Set a follow-up in 2 months
Helping them today means they’ll come back tomorrow.
Quick Checklist: Is Your Software SIP-Ready?
If you're using modern software, make sure it supports:
● ✔ SIP tracking by folio, scheme, or client
● ✔ One-click digital SIP cancellation
● ✔ Real-time status updates
● ✔ Audit trail for compliance
● ✔ Option to pause SIPs if needed
If not, consider switching to a platform that does.
Final Thoughts
SIP cancellations are a normal part of any investor’s journey. And now, with the right software, handling them is simple, fast, and secure.
Give your clients the flexibility they deserve.
And they’ll give you the trust you’ve earned.
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