Samco Mutual Fund, the youngest asset management service provider in India, has gone live with MFund Plus™, Azentio’s Asset Management Solution, to meet its front-office business process requirements. MFund Plus™ will provide the client with a robust, comprehensive and proven technology solution, covering automation of both Securities and Exchange Board of India (SEBI) mandated guidelines and internal audit policies.
Primarily a greenfield project, the solution implemented at Samco Mutual Fund, includes an extensively featured Order Management module to manage different asset classes, such as equity, debt, and among others. It also includes a highly customised in-built report engine and task scheduler.
MFund Plus™ will help the client meet all its end-to-end Investment management process including audit, regulatory and internal MIS requirements. All relevant SEBI directives have been configured in the system to detect any regulatory breach.
Azentio’s MFund Plus™ has a strong presence in the asset management space for over two decades; and an outstanding flexibility to address the myriad process requirements around the investment management lifecycle from order mandates to pre-trade compliance, dealing, settlement, cash management and reporting. The software was configured in quick time in compliance with regulatory requirements for Samco Mutual Fund.
“We are pleased to have been selected by Samco. I am sure MFund Plus™ implementation will support Samco with the technology edge to provide superior services in the market. MFund Plus™ is a trusted solution in the Asian markets for more than two decades,” Krish Narayanaswami, President & Global Head – Banking & Financial Services.
About the Client
Samco Mutual Fund is the youngest and a stress-tested mutual fund in India, managed by Samco Asset Management Private limited, focused on meeting the diverse needs of investors through a wide range of stress-tested equity, and money market investment offerings. It is sponsored by Samco Securities Ltd., one of most profitable discount brokers in the country.
“Samco Mutual Fund promises to be a truly Active Stress Tested Fund for the investors. The world of asset management is going through transformation and Samco aims to be at the forefront of leading innovations on the Active segment. We will build funds with high active share so that cost conscious investors get a truly active fund and not a closet index fund when they pay for an active TER. Our stress-tested investing framework gives the new age investor an authentic and not merely a generic reason to invest with us. Our endeavour is to generate the highest risk adjusted returns for investors in the long term.” Jimeet Modi, Founder and Director of Samco Asset Management Pvt Ltd.