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Distributor Commission and Empanelment (DiCE) is
a technology solution that facilitates the fund houses to monitor and manage the Empanelment of Distributors and the Commissions on the basis of diverse components such as Asset Class, Scheme and Plan. The solution also enables the distributors to create various rate structures such as Base or Tie up rates considering multiple factors of
a Mutual Fund Domain.
DiCE is designed to setup and manage rate structures at various levels such as Distributor, Folio, and Scheme. The application is firmly established and possess the ability to cater to varied requirements of a Mutual Fund domain. In other words, DiCE is a one-stop solution for distributors and managers with the required and appropriate access to a normal user.
UDW (User Defined
configurable Workflow) process
Auto-communicate changes
to all stake holders
API provision to connect
with client’s Active Directory (AD)
Encrypted commission structures
Partial White labelling
TER validations
(Upfront <=1%, Upfront + Trail > DTER,
2nd year TER cannot be higher
than 1st year)
Commission based on
exhaustive list of parameters
Output is compliant
with RTA import format
Accelerate industry research
in emerging technologies
Distributor upgrade / downgrade
Reports to stakeholders
Conflict Mechanism
(highlight duplicate structures)
Reduction in TAT by 7 days/month
Adherence to compliance and regulatory requirements
Absolutely paperless transactions
Distributor movement tracking
Robust and comprehensive platform
Increases Turn Over Time (TAT)
Avoids manual tasks involved in the workflow proces
Simple management of distributor mapping and commission
Reusable rate structures
Transparency of workflow activities
Flexibility to customize user roles and privileges
Option to promote / demote distributors
Client
Birla Sun Life Asset Management Company Ltd. (BSLAMC), the investment manager of Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada. Established in 1994, Birla Sun Life Mutual fund is one of India's leading flagships of Mutual Funds business managing assets of a large investor base i.e. an AUM
(Asset Under Management) of nearly $30 Billion (as on March 2017) and growing. Birla Sun Live Mutual Fund offers range of investment options, including diversified and sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds, a wide range of debt and treasury products and offshore funds
