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, or 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.

A niche application in MF industry with the capability to provide IT solution to 95% of the industry- wide distributor commission structures.

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.

High level features of DiCE

Product
Offerings

  • 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)

Business Benefits

Reduction in TAT by 7 days/month

Adherence to compliance and regulatory requirements

Absolutely paperless transactions

Distributor movement tracking

Case Study

Client

Birla Sun Life Mutual Fund

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

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(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

Advantages

  • Robust and comprehensive platform

  • Increases Turn Over Time (TAT)

  • Avoids manual tasks involved in the workflow process

  • 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