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FinX_November_Release_Update_2024

Uploaded by

cricketcanvas011
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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November 2024

Release Update
INDEX
1. November 2024 Release
○ Simplified the Position page to display only Total P&L and Traded Value for enhanced
clarity - Android
○ Menu Restructured - Android
○ Set up Autopay Mandate for Mutual Fund from Bank Details- Android
○ Cancel and Modify payout amount from FinX - Android, iOS and Web
○ Cover Order - Android and Web
○ Enhancements in the P&L Report - Android
○ Smart Mutual Fund Listing Interface - iOS
○ Position Page Enhancements - Web
○ Place NFO Order - Android
○ Complete Profile Detail for Mutual Fund (MF) Users - Android
○ AOF Equity Basket developed in Connect for RM - Connect Web

1. Upcoming Feature
○ Upcoming SIPs - iOS
○ Switch from one MF scheme to another MF scheme.
○ Login Functionality for NRI Clients in FinX App
○ Sorting the P&L report
Simplified the Position page to display
only Total P&L and Traded Value for
enhanced clarity - Android

● The Position Page has been simplified to show


only Total P&L and Traded Value in the top
section, enhancing clarity and reducing
confusion.

Benefits: Provides users with a streamlined view,


focusing on key metrics for easier portfolio
assessment and improved decision-making.
Menu Restructured - Android

● The app’s menu has been reorganized to


improve navigation and make key features
more accessible.
● This update has helped users quickly find and
engage with essential tools and information,
enhancing their overall experience on the
platform.

Benefits: Simplified navigation, enabling users to


access essential tools and information more
efficiently.
Set up Autopay Mandate for Mutual
Fund from Bank Details - Android
● The autopay feature has been introduced,
enabling users to set up automatic payments
for their Mutual Fund investments directly
from the bank details page.
● This update has streamlined the payment
process, allowing users to automate future
transactions with ease.

Benefits: Simplifies recurring payments, saving


time and ensuring seamless investment continuity.
Cancel and Modify Payout amount
from FinX- Android, iOS and Web
● Users on the FinX platform can now cancel or
modify the amount they previously requested
for payout.
● This enhancement gives users greater
flexibility and control over their fund
withdrawals.

Benefits: Provides users with the ability to adjust


their payout requests as needed, reducing errors
and improving convenience.
Cover Order - Android and Web

● The Cover Order feature allows users to place


a 2-leg order that includes an initial Buy/Sell
Limit Order along with a Stop Loss order in
one step.
● This combined order type offers better risk
management by automatically placing a stop
loss to limit potential losses on trades.

Benefits: Simplifies the trading process by


bundling limit and stop loss orders into a single
action, helping users manage risk more effectively
and protecting investments without needing manual
follow-ups.
Enhancements in the P&L Report
- Android and Web
● Users will now see only the Realized Profit and
Loss (P&L) in the P&L Report.
● This update provides a clearer view of actual
profits and losses by excluding unrealized
gains or losses.

Benefits: Helps users focus on confirmed earnings,


improving clarity and enabling better financial
decision-making by presenting only finalized P&L
data.
Smart Mutual Fund Listing
Interface - iOS

● The new listing page gives users a clearer view by


displaying key details like Choice Ratings, 3-year
CAGR, Minimum Investment, and Lock-in Period.

Benefits:
This enhancement allows users to compare funds easily
by viewing essential details. The improved layout and
functionality offer a more intuitive and personalized
experience, helping users make more informed
investment decisions.
Position Page Enhancements - Web

Simplified Position Page:

● On the Position Page, only


essential information is
shown by default, with Total
P&L displayed to keep the
focus on overall gains.

Benefits:
This enhancement makes it easier
for users to monitor their overall
portfolio performance. For more
detailed insights, users can access
MTM & Booked P&L for each scrip
in Position > Details, providing a
comprehensive yet focused
experience.
Position Page Enhancements - Web

Old Formula:

The calculation of the average price (avgPrice) depends on the quantity (qty) of holdings, as follows:

1. When the quantity is positive (qty > 0):


The average price is taken from the average buy price (avgBuyPrice), representing the cost of
purchases.
2. When the quantity is negative (qty < 0):
The average price is taken from the average sell price (avgSellPrice), representing the proceeds from
sales.
3. When the quantity is zero (qty = 0):
The average price defaults to 0.0, indicating no holdings exist.
Position Page Enhancements - Web

Change in Average Price Calculation:

The Position page now displays the weighted average price for sharper insights, providing a more
accurate cost average.
Symbol Type Qty Price

Nifty Future Buy 60 (Buy Qty 1) 450 (Buy Price 1)

Nifty Future Buy 40 (Buy Qty 2) 455 (Buy Price 2)

Nifty Future Sell 30 (Sell Qty 1) 500 (Sell Price 1)

Nifty Future Buy 20 (Buy Qty 3) 490 (Buy Price 3)

Formula:
Place NFO Order - Android

● Users can now seamlessly apply for New


Fund Offers (NFOs) directly through the
app.

Benefits:
This feature makes it convenient for users to
invest in NFOs without relying on external
platforms, ensuring they can explore and
capitalize on new fund opportunities as they
arise.
Complete Profile Detail for Mutual Fund (MF) Users -
Android
Before After After

● Users with only Mutual


Fund (MF) accounts can
now access their profile
details within the app,
addressing the
limitation where
previously only equity
profile information was
fetched.

Benefits:
This enhancement provides
Mutual Fund (MF)-only users
with easy access to their
profile information, improving
Upcoming Updates..
Upcoming Updates

1. Upcoming SIP - iOS

● The new Upcoming SIP option


in Mutual Funds encourages
users to invest consistently,
helping them build wealth over
time with regular contributions.

Benefits: The Upcoming SIP option


makes it easier for users to invest
regularly, benefiting from disciplined
investing and potentially smoother
returns over time.
Upcoming Updates

2. Switch from one MF scheme to another MF scheme


● Users will soon have the option to seamlessly switch from one Mutual Fund scheme to
another within the app.
● This feature streamlines the transition process, providing flexibility and ease for users to
optimize their investment portfolios effectively.
Upcoming Updates

3. Login Functionality for NRI Clients in FinX App

● The login page will be updated to enable NRI clients to log in feature in the FinX app.
● This enhancement ensures a seamless login experience for NRI clients, improving
accessibility and convenience.
Upcoming Updates

4. Sorting the P&L report

● Users will soon be able to sort


and filter the P&L Report
directly within the app by using
the filter/sort button next to the
search icon.
● This feature enhances report
accessibility, enabling users to
view their data in a more
organized and tailored manner.
AOF Equity Basket developed in Connect for RM -
Connect Web
Note: This feature is accessible only upon submitting a request for access.

● This feature allows


Relationship Managers (RMs)
to access and manage pre-
curated Equity Baskets
through the Connect platform.

Benefits:

● Enables RMs to recommend


tailored investment options,
improving client engagement.
● Streamlines the process of
managing Equity Baskets,
saving time and effort.

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