Page 17 - Banking Finance June 2019

MUTUAL FUND

BSE's "BSE StAR MF" app Cloud-based mutual fund tracker to support fin advi-
to support distributors sors
With an aim of empowering financial Folio transfer
execute transactions
a d v i s o r s , Single sign-on for managing all in-
Bombay Stock Exchange has come up
wealth manag- vestments through a single login-
with its "BSE
ers and dis-
StAR MF" anytime, anywhere
tributors; a
application Powered by ICRA Online's compre-
cloud-based
to help dis- hensive database, which has been
portfolio tracking and reporting tool,
tributors ex- one of the mainstays of the Indian
MFI Tracker has been launched by
ecute transactions, create mandate mutual fund industry for last two
ICRA Online. It is a part of the compre-
for SIPs, and track and analyze busi- decades.
hensive MFI 360 suite that supports
ness with an ease. The exchange said
fund advisors with insightful research The platform also offers a suite of cus-
in a release, "BSE StAR MF mobile app
solutions. tomized dashboards and insightful re-
supports real-time client registration
ports which enable comprehensive
and paperless transactions, creates The tool is accessible through comput-
analysis of client portfolios.
and uploads mandate for SIPs, gener- ers, smartphone and tablets. The pur-
Wealth Manager Dashboard
ates the basket of multiple orders, pose of MFI Tracker is to align latest
tracks and allows the distributor to technology and the dynamics of the RM Dashboard
analyze his business at his fingertips." growing mutual fund industry in the Agent Dashboard
country. A simple and user-friendly in-
It further added that the application Investor Dashboard
terface is offered by the tool while it
is downloadable from Google Play
Capital Gains Report with
Store and the user can sign up with handles high transaction volumes effi-
Grandfathered Calculation
the member identification number ciently and comes loaded with features
Notional P&L Report
once it is downloaded. BSENSE Chair- as mentioned below:
man and Managing Director, Ashish Automated RTA reverse feed up- Transaction Report
Chauhan stated, "The launch of the load from registered email Year-wise P&L Report
app would further provide comfort Auto-update of transactions
Cash Flow Analysis
of doing business to our 24,000 mem-
AUM reconciliation with differ-
bers. This app would not only in- Account Statement MFI 360 is a Cloud-
ence in folios highlighted
crease their productivity, but would based platform aimed primarily at IFAs,
Investor merging
also enable IFAs (Independent Finan- distributors, wealth managers to ad-
cial Advisors) to take their business Hierarchy set at company, sector, dress their mutual fund research, analy-
anywhere, anytime." instrument and credit quality levels sis and portfolio tracking requirements.
BANKING FINANCE | JUNE | 2019 | 17