Traditionally, Mutual Fund Houses have faced challenges tracking commitments made to brokers and then reconciling them with the actual payments. This product developed by MindCraft, can be used to enter the commitments made, get the appropriate approvals and generate the commitment letters. Moreover, the tracker helps reconcile this computation with the commitment and the actual payment.
The solution facilitates creation as per the brokerage commitment report at the beginning of every quarter. It also generates feeds to be sent to the registrar for calculation of brokerages. A web based product, with the proper security infrastructure, this can be used from anywhere in the world.
Helps Mutual Fund Companies maintain the Broker repository
Maintains commitments made to the IFA’s
Features date of commitment & percentage of commission
Lets the Mutual Fund Company map commitment with the responsible employee
Eases the reconciliation process for Mutual Fund Company, the Broker, and the Registrar
Inbuilt tracker to reconcile between commitment and payment