Online Mutual Fund

TechProcess is pleased to offer a web-based, hosted service, empowering clients of a mutual fund distributor to buy and redeem mutual fund units online. Within a short span of time, this solution has generated considerable interest within the financial services distribution cmmunity, powering the online platforms of big-name distributors such as Angel Broking Ltd, Arthashastra Financial Planners, Arcadia Stock Brokers and Bonanza Portfolio Ltd.

The uniqueness of this service is that it allows clients of various broking houses to link up their existing bank accounts with their brokerage account, in order to make payments or receive redemption proceeds in a seamless fashion. TPSL’s status as India’s leading electronic payment processor and its tie-ups with leading Indian banks ensure that clients are not forced to open an account with a particular bank, just to be able to transact online.

Add to this class-leading trade order management functionality, and complete data integration with all leading AMCs and registrars operational in the country today, and what you have is a truly winning proposition.

What if you are a distribution firm with an existing significant investment in a proprietary online trading platform?  There’s good news for you – you can simply integrate TPSL’s payments processing engine - TechPro Instant PayTM - into your web site. This will afford the same benefits as above - i.e. enable your website to process payments and redemptions proceeds with respect to many different banks - while protecting your costly technology investments.

What’s more, we can offer you a whole host of services related to business process management - investor ID activation and de-activation, investor profile modification, tailored and intelligent communication and campaigns over a variety of channels, MIS and transaction status reporting. Alternatively, you can choose to perform these activities in-house, using the administrative console available with the platform.

Features & Benefits:

• Seamless and streamlined online trade order management – complete purchase, redemption and switch functionality, allowing you to focus on customer acquisition and other core tasks
• Savings on technology development and maintenance, insulation from project risk. Ideally suited to distributors who do not want to incur large capital expenditure associated with an in-house project
• Access to India’s leading payment processing platform, already built in
• No operational setup for the online channel; ongoing data management & fund settlement performed by a specialist
• Minimal time-to-market – launch your online platform in a matter of days
• Customer delight, leading to loyalty and stickiness
• Investor convenience- anytime, anywhere access, catering to the new breed of self-service investors

Whether you are a distributor or an AMC contemplating an online sales channel, we are confident that the TechProcess Mutual Fund Online value proposition will help you navigate highly complex operational challenges and improve the performance and profitability of your web initiative.

To know more, contact us.