Placing BSE STAR MF Orders

Placing BSE STAR MF Orders

Introduction:

The MADOSX Platform offers a seamless and efficient way for advisors to place BSE STAR MF orders on behalf of their clients. With its user-friendly interface and robust features, advisors can easily manage and execute trade orders for mutual funds. In this article, we will provide an overview of the process, please refer to the attached PDF.

Placing BSE STAR MF Orders via MADOSX Platform:
  1. Access the MADOSX Platform and log in to your account.
  2. Select the desired client or family from the client list and navigate to the client dashboard.
  3. Click on "Trade Orders" in the navigation pane.
  4. Select "Add Trade" to initiate a new trade order.
  5. Choose the portfolio for which you want to establish the trade. Select either "Any Goals" or "Wealth Creation" from the dropdown.
  6. From the next dropdown, select the "UCC" or "Account Number" for BSE STAR MF.
  7. Choose the desired transaction type from the options available: "Purchase," "Redeem," "Switch," "SIP," "STP," or "SWP."
Adding Purchase Orders:
  1. If you selected "Purchase," click on the "+Add" button to add a new purchase order.
  2. A new pop-up window will appear to select the AMC, Scheme, and other required options.
  3. Choose the folio number from the dropdown or select "New Folio" and enter the amount for the purchase, then click "Submit."
Rationale:
In the "Rationale" box, add a brief note to record the reason for the trade order. This is helpful for future reference and tracking purposes.

Choose Payment Mode:
Confirm the payment mode if the client needs to make a payment. Choose the preferred option, such as "Net Banking/UPI/Mandate/RTGS-NEFT," and select the registered bank.

Client Approval:
  1. Click on "Confirm Order" to review the trade orders added to the cart.
  2. Click on "Send for Client Approval." The client will receive an email from your registered email ID with a link to approve the orders.
Two-Factor Authentication (2FA):
  1. The client will click on the link and verify the trades by entering their mobile number.
  2. The client may review all the orders and click on the "Approve" button to approve the orders.
  3. For additional security, the client will go through the Two-Factor Authentication (2FA) process. They will generate an OTP (One-Time Password) on their registered mobile number and enter it to authenticate the orders.
Payment and Completion:
  1. Now the client can complete the payment process through the selected payment mode by the advisor.
  2. Alternatively, if the client needs to make a payment via any other mode, they will receive a payment link from BSE STAR MF for pending orders and make the payment through BSE STAR MF's secure payment gateway.
Conclusion:
By following the attached PDF with detailed step-by-step instructions, advisors can efficiently place BSE STAR MF orders on behalf of their clients via the MADOSX Platform. The process ensures a seamless and secure experience for both advisors and clients throughout the order placement and approval journey. For any specific queries or concerns, advisors are encouraged to contact the support team of MADOSX Platform for assistance.



Note: The information in this article is based on the features and functionalities of MADOSX as of the publication date. For the most up-to-date and accurate information, please refer to the official documentation and resources provided by Vijya Fintech Pvt Ltd.

Disclaimer: The content of this article is for informational purposes only and should not be considered as legal or professional advice. The use of MADOSX and its features should comply with the terms and conditions set forth by Vijya Fintech Pvt Ltd.


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