KFintech has launched a new feature ‘Insta Brokerage Plan’ through which MFDs can instantly withdraw their commission post settlement of unit allocation.
In a press release, Sathish Nuggu, Chief of Technology & Operations of KFin Technologies, said, “The response to the initiative has been very encouraging with our AMC clients in various stages of rolling out shortly. We will continue to build solutions for the distributors in consultation with both the distributors and our AMC clients. MF distributors are the backbone of this industry and equipping them with every solution that makes a difference to them is a critical covenant of KFintech’s value system. This solution provides mutual fund distributors with expedited receipt of the commissions thus enabling them to focus on better investor acquisition and engagement.”
UTI MF is the first fund house that has enabled this facility for its distributors. Vinay Lakhotia, Head - Operations, UTI AMC said, “Over the last few years, along with KFintech we have been investing in building capacity and computing capabilities by adopting latest technologies to bring in services which are near real time for our investors and partners.”
Currently, KFintech manages mutual fund operations for 27 AMCs.
