Compliance towards tracking and monitoring employee personal securities trading has been every Mutual Fund firm’s most critical component. SEBI imposes certain restrictions and reporting obligations on employees of mutual funds with respect to personal transactions in securities.
Tracking and monitoring of employee securities trading have been a manual process using papers or spreadsheets till date. This manual process leads to difficulty in producing required reports and in monitoring the regular employee trading activities, resulting in extremely high time and resource consumption to complete such tasks.
Most firms were finding the process much complicated and thought automating such process can drastically bring the resource and time consumption graph down.