Portfolio Management Solution Implementation for India’s Biggest Mutual Fund Company
About
The client is India’s biggest and trusted asset management company with a net worth of Rs. 16,548 crore. It’s into the investment businesses such as mutual funds, asset management, life insurance, general insurance, stock broking, private equity and many other financial services. The client has 20 million+ customers across the India with total assets of Rs 82,209 crore as of now. To implement secured financial trade software, client was looking for ASP.Net development company and approached Brainvire for hybrid (offshore and onshore) development model.
Project Highlights
The product is a system that allows the users to keep watch on the trades via different views. The views will be in various graphical, table, statistical, and animation format letting trader understands the trades better. Plus, the traders are given the powerful functionalities to security wise add trades. The solution uses various tools and methodologies to measure risk management analytics, Equity Performance attribution, portfolio management, and enhance marketing capabilities of clients.
Portfolio management products developed using advanced quantitative techniques, deliver a superior user-friendly package. On one click, wholesome views come to the screen including detailed view and compact view like GUILT and Income monitor view, Asset Allocator view, sample trade, post-trade values.
The Challenges
- Complex view structureThe client asked for a system where an end user can log in and have a look at the portfolio with a diverse range of views. The views were equipped with many parameters involved such as % Market Value (Weight), Total Face Value (Rs. Crs.), Total Market Value (Rs in CRS), Modified Duration, Valuation Yields, Maturity Period, the type of asset and more.
- Adding trade data from excel sheet to systemThe client required an application where the user can submit their trade data with necessary fields and the system could automatically take the data, parse it and add it into the system.
- Challenge: Securing crucial dataAs there would be private and confidential financial data for millions of customer, the client needed a bulletproof security throughout.
- Integration with advanced quantitative techniques and trader management toolIn order to provide correct data for the latest portfolio, the client asked for the integration with certain third party software and APIs. Portfolio management products developed using advanced quantitative techniques, deliver a superior user-friendly package.
Tech Stack
jQuery
Microsoft SQL Server
.Net MVC
Azure cloud
Result
Strengthened Branding
The stronger mutual fund brand became robust once the application is releasedMassive increase in Usage
The application offers all types of views that customer can view the investment 360 degrees wayWidened User base
Having robust tools to strategize trades, lot many users opted for the same companyHuge rise in revenues
Trust, increased user base, and the branding together resulted in a giant leap in revenues
