- This is the entry point to the
Mutual Fund Back Office System
(Client-Server) offering features for - Transaction Import
- - Daily and Monthly Transaction Import using Microsoft Data Transformation Service (DTS)
- - Configured for upload details from CAMS, Templeton, Deutsche & Karvy
- NAV is imported on a daily basis
- Brokerage Details are imported from different R&T Agents on a monthly basis
- Data Maintenance
- - Automated Data Mapping, HNI Creation, HNI-Family Mapping, HNI-Folio Mapping, Manual Transaction Reversal etc.
Mutual Fund Distribution Solution & Back Office Processing
Back Office Operations (Client-Server)
- It is the backbone of the MF Distribution System offering the administration utility of the solution
- It works in Client-Server mode
- The major components of
Mutual Fund Back Office System
are :–
Import Module and Data Mapping
Masters creation and Utilities
- Masters
- AMC Master
- Scheme Master
- Investor Master
- Customer Master
- Bank Master
- Branch Master
- Sub-broker Master
- Fund Category Master
- Utilities
- Generic Report Builder
- Folio Updation Utility
- Scheme Merger Utility
Processing
- Brokerage Receivable Calculation
Brokerage calculations
covered in the system–- Upfront brokerage
- Annualized brokerage
- Trail brokerage
- Incentive Brokerage
Reconciliations
- Receivable
Brokerage Reconciliation
(Actual Calculated Vs Received) - Transaction Vs Order Reconciliation
- Receivable
- IRR calculation
- Calculation using an iterative algorithm using Cash Flows and Calculation Level
- Redemption Cost Calculation
- Calculation of redemption cost and balance units after redemption using FIFO logic
Reporting
- Brokerage Reports
- Receivable Report
- Receivable Reconciliation Report
- As On Date Report
- Missing NAV Report
- Deal Slip Reports
- Deal Slip MIS
- Transaction Order Reconciliation Report
- Asset Under Management Reports
- Investor Related Reports
- Family/Investor Summary (Holding, Gain/Loss) Statement
- Detail Transaction Statement
Sales / RMs Interface (Intranet)
- Browser Based user interface
- Available over the intranet to allow data entry from branches
- The four major components of these are :-
User Administration & Security Control
- User Creation
- Define rights, roles and responsibilities to users
Deal Slip Module
- Customer requests captured through the deal slip module
- Actions include Purchase, Additional Purchase, Redemption, SIP, Switch, STP, SWP & Authorization of Deal Slips
- Edit Deals
Processes
- Order Generation
- Order Reconciliation
Brokerage Reconciliation
Customer and MIS Reports
- MIS Reports - AUM
- MIS Report Mobilization
- MF Transaction Report
- Foliowise Investment Report
- Family Report
- Brokerage MIS Reports
Customer Interface Module (Internet)
- Portfolio Details with returns
- Investment Account Details
- Online Purchase / Redemption / Systematic Investment Plan options for trading
- Drill Down till transaction level from Asset Class wise report
- NAV for any scheme for current day, for any date range
- Investor wise Asset Class wise Report
- Cancellation of request before cut-off time
- View Offline Folios as well with the Online Folios
Additions in Back Office due to Internet Module
- Processing
- Cut-off time Process
- RTA Export and Re-Export
- Exception Handler
- Maintenance of Online and
- Offline Folio Details
- Payment Gateway Integration
- Bank Payment Gateway
- Third Party Payment Gateway
- Reconciliation with Payment gateway
- Central Reports for fund movement