Use of Software for MFD and IFA in Mutual Funds in India

Description

Pawan Kumar Patel and Yogesh Kumar Pandey (Mutual Fund Distributors, I-Mart Infovest Private Ltd, Hissar, Haryana)

The mutual fund industry has grown rapidly in India, driven by increased investor awareness, digital penetration, and regulatory reforms by the Securities and Exchange Board of India (SEBI). With this growth, Mutual Fund Distributors (MFDs) and Independent Financial Advisors (IFAs) have increasingly relied on specialized software platforms to manage client portfolios, perform research, ensure compliance, and enhance client servicing. This paper explores how software solutions are shaping the role and productivity of MFDs and IFAs in India, analyzes the benefits and challenges, evaluates major software modules, and considers regulatory implications. The discussion is supported through academic insights, industry reports, and practical perspectives on software adoption in advisory practices.