InfoTech AMS solution is a comprehensive on-line and automated Mutual Fund Management System, which supports multiple funds, and features a complete internet-based transaction system for unit management. The system has fully IAS 39 compliant accounting, which is completely integrated with all modules, and provides on-line workflow between various lines of business in an organization.

Compliance features, such as enforcement of investment limits and regulatory reports are in-built and the system provides comprehensive reports for all modules and transactions for mutual fund management.

The system is multi-currency, with multi-currency unit, portfolio and GL transactions. The system allows portfolio investment in foreign stocks, futures and foreign mutual fund units. Both, currency mark to market and instrument mark to market are done daily in order to determine the total unrealized gain/loss.

The entire system is completely multi-fund, and supports any number of open-ended as well as close ended mutual funds. The system maintains separate portfolios and separate accounts for each fund. For open-ended funds, the client can open one or more accounts, and in each account, the client can purchase units of any desired fund. Hence, the client need not open a separate account for each fund, only a single account will suffice for units of all funds. However, if the client desires to open more than one account for segregating his investments, he may do so.

The key feature that mutual fund management companies need are substantial increases in their reach to customers, countrywide, and internationally. InfoTech AMS solution makes it easy for clients to buy and sell units as and when they wish, through the very simple and accessible means of the internet, in addition to the already available methods of written and walk-in requests.

With InfoTech AMS solution, each client has a login ID and password, and has the facility to buy and sell units whilst also seeing his/her account balance, statements, and transactions status through the internet any time, any where, from the home or office. InfoTech AMS solution also facilitates sales centers and free-lance sales agents either in national or international locations, to register new clients, and perform transactions on their behalf through a comprehensive internet-based sales center module.

With InfoTech AMS solution, end clients of the mutual fund are expected to increase dramatically through the ability to have global reach and ease of accessibility to the system. This positive benefit extends to sales centers world-wide and in remote areas.

A Comprehensive Web Based Feature-Rich solution designed specifically for Mutual Fund and Portfolio Managers that encompasses:

The system is multi-currency, with multi-currency unit, portfolio and GL transactions. The system allows portfolio investment in foreign stocks, futures and foreign mutual fund units. Both, currency mark to market and instrument mark to market are done daily in order to determine the total unrealized gain/loss.

These modules completely automate the business process from end to end. Before this system, the general practice was to make copies of the unit sale forms, write cover letters, and send a copy with a cover letter to the trustee, another copy with a cover to the transfer agent, and these entities processed the transaction and wrote letters to the Asset Management Company. Hence each transaction took 2-3 days to complete, and had the time, effort and expense overhead of copying, letter writing, and courier mailing. In InfoTech AMS solution all transactions from the client or the sales agent flow to the trustee and TA on the system, the trustee and TA process them on the system, and the results are conveyed back on the system.

Several risk management and regulatory checks, such as investment limits in various instrument types, various securities, and with various brokers are enforced and monitored automatically by the system with each transaction, to ensure that limits set either by regulatory authorities, or by the fund’s management are not exceeded. In addition, several mandatory reports to be submitted to the regulatory authorities are also printed in the specified format.

All modules generate automatic accounting vouchers in the GL system for all transactions, from unit to portfolio management. These vouchers and their accounts processing is IAS 39 compliant, and provides the most detailed accounting treatment of each unit and portfolio management transaction, with all the required effects going to the relevant heads. The accounting system provides detailed level segregation in the system, with various transactions going into broker-wise or script-wise sub-ledgers.