‘Perfios Advisor’ to enable independent financial advisors to manage their client portfolio
Catering to the needs of independent financial advisors, Perfios-India has introduced ‘Perfios Advisor’, a cloud based application. Perfios Advisor enables the independent financial advisors to manage all their clients' portfolios from a single application. The new application by Perfios not only provides access to the parts of the portfolio managed by the advisor, but also can provide access to other aspects of the portfolio, ultimately providing a holistic view to the advisor.
Through the Perfios solution, the advisor gets access to not only standard investment asset classes such as mutual funds and equity, but also all aspects of one's personal finance such as loans, bank accounts, small savings, fixed deposits, insurance and real estate (with client's permissions). As a result, the advisor can provide better and informed advisory services to the client, resulting in greater client satisfaction. Also, Independent Financial Advisors can enable their clients to login directly to their Perfios account, in turn giving better positioning, page views and branding for the financial advisor's website.
VR Govindarajan, co-founder and director, said, "Today, a typical advisor gets to see only the portion of the portfolio managed by him. As all of us know, most end users do not work exclusively with only one advisor. As a result, an advisor may not be able to provide an optimal portfolio allocation as he does not have a complete view of the client’s portfolio. Perfios Advisor solves this problem by providing a complete portfolio view of a client to the advisor. As a result, the advisor can provide more valuable advisory services to his clients, resulting in increased customer satisfaction and could lead to providing more relevant products and services to clients."
Religare MF new issue closes 1st November
Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series X-Plan A (13 Months), a close-ended income scheme.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme. The tenure of the scheme is 13 months.
The new issue closes on 1 November 2011. The minimum investment amount is Rs5,000.
CRISIL Short-Term Bond Fund Index is the benchmark index. Nitish Sikand is the fund manger.
Kotak MF new issue closes 31st October
Kotak Mahindra Mutual Fund has launched Kotak FMP Series 64 (17M), a close-ended income scheme.
The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The tenure of the scheme is 17 months.
The new issue closes on 31 October 2011. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Index is the benchmark index. Abhishek Bisen and Mayank Prakash are the fund managers.