DSP BlackRock launches IFAXpress
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DSP BlackRock launches IFAXpress

DSP BlackRock launches IFAXpressRanchi, Jharkhand | September | Tuesday | 15, 2015 :: DSP BlackRock Investment Managers Pvt. Ltd., one of the premier asset management companies in India, today announced the launch of IFAXpress – a strategic initiative for the IFA community, conceived to ease the transaction process for them and offer a seamless and superior client servicing experience in Hotel Capitol Hill, Ranchi Jharkhand. IFAXpress will enable advisors to grow, monitor and manage their business more efficiently by leveraging the power of the internet and technology, from the comfort of their desktop, tablet or smartphones.

The platform has been built to solve all the critical problems that the IFAs face across their sales cycle – while recommending a scheme, at the time of facilitating transactions due to cumbersome paperwork and those related to post sales service like account statements, portfolio monitoring & reviews, among others.

IFAXpress is the first of its kind offering in the market that allows for truly paperless transactions for any individual as long as s/he is KYC verified. Advisors can “onboard” any new client – even the clients who have no past folios in DSP BlackRock – as long as the individual is KYC verified. That makes almost all of over 2 Crore KYC verified individuals available as prospects for advisors using IFAXpress. All an advisor requires to onboard a new client is client’s PAN & date of birth. Typically, a new folio creation with the 1st time purchase application has about 20+ fields of information.

IFAXpress simplifies the overall transaction process and eliminates rejections which are traditionally witnessed in paper related transactions. The new online platform facilitates financial advisors to seamlessly initiate transactions on behalf their clients and also efficiently manage their portfolios online. IFAXpress eliminates the need for IFAs to call DSP BlackRock’s back-office or the sales relationship managers for small operational matters like confirming trades. In addition, many accompanying reports will help IFAs track the transactions and transaction history of all their clients who have investments in DSP BlackRock.

IFAs can now monitor the progress of transactions on a real time basis right from submission to application till it gets processed. The platform enables IFAs with alerts on pending and rejected transactions of investors, which helps them take necessary action on an immediate basis. For existing clients, IFAXpress also provides detailed information to financial advisors on their clients along with alerts for upcoming events like SIP, STP and SWP expiry and dividend distributions. The many insightful charts and other analytics also makes IFAXpress a virtual sales and operations manager servicing the IFA. This ensures that IFAs are better poised to address investor queries.

About DSP BlackRock
DSP BlackRock Investment Managers, a Joint Venture between the DSP Group and BlackRock is one of the premier Asset Management Companies in India. The DSP group has a track record of over 145 years and through its investment companies owns a 60% stake in the joint venture. BlackRock Inc. which owns a 40% stake in the JV, is one of the largest quoted asset management companies in the world and manages assets in excess of USD 4.77 trillion as of March 31, 2015.

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