Karvy Computershare has introduced a new feature called distributor initiated transaction on their transaction portal KorpConnect for the mutual fund distributors. With this facility, distributors can initiate transaction on behalf of their non-individual clients such as SMEs and corporates.
The R&T agent claims that this feature will help MF distributors to serve better their corporate and other non-individual clients, who typically like to log in and approve the transaction.
KorpConnect is a transaction portal of Karvy Computershare for non-individuals with features such as single sign-in to invest across Karvy serviced fund houses, multi-level access, authorization and approval workflow and portfolio management.
Ravikumar Somasi, GM & Head of Distributor Support Services, Karvy Computershare said that this would help distributors reduce paperwork, save time and improve transacting experience of distributors and investors.