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Offline orders / transactions are transactions collected from non-POA Investors. In such cases the Investors are required to physically sign MF forms for submission to the AMC. The front-office system provides the ability to capture the transaction for tracking and printing of pre-filled forms for easy processing.

Transactions thus collected are validated for AMC rules. Additionally, online orders are validated for availability of funds.

Online payment modes supported include,

Direct transfer into AMC’s escrow account through a payment gateway. GO TX has payment gateways to several banks.

Direct transfer into Distributors pool account through a payment gateway.
Third-party transfer into IFA’s pool account

For offline orders, the system captures information regarding submitted cheque/DD details.

The system maintains a complete record of all activities in the order book for later querying by the IFA/ Investor.

Back Office

The Back Office subsystem is responsible for all the behind the scenes processing required to keep the Investor’s holding information and IFA’s aggregation information current.

Back Office functions include the facilities for

interfacing with the registrars for receiving transaction data, NAVs, and brokerage information,
maintain daily holdings,
reconcile with registrar holdings data,
perform bank reconciliation,
perform Investor / IFA aggregation, and
provide facilities for IFA’s management/administration of client accounts.
provide facilities for IFA management

Participating IFA’s transaction files are downloaded daily from the registrars. Processing is done for data extraction and updation of investor holdings data based on these transactions. As the Indian Mutual Fund scenario does not provide for a unique identification of an Investor across all AMCs, transactions that cannot be mapped directly to an investor are tagged in the system.
IFA’s can use name mapping tools provided in the system, to easily identify and confirm multiple mutual fund accounts belonging to an individual investor. This helps in providing a consolidated portfolio of the Investor, across all the funds he has invested in.
All transactions that affect the holding data are processed and stored both for querying and for the calculation of ROI information of the investment.
Periodic reconciliation of holding data is performed w.r.to the registrar’s data to track discrepancies in holding summaries.

Fund-wise, and scheme-wise aggregations are performed on AUM totals and brokerage totals to help the IFA in strategizing his business.

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