Money & Banking

Arcil’s new online tool to help investors track performance of their investments

K Ram Kumar Mumbai | Updated on July 24, 2018 Published on July 24, 2018

Plans to raise ₹1,000 cr via AIF route in FY19

In a bid to attract investments in the bad loans space, Asset Reconstruction Company (India) (Arcil) is developing an online asset management system that will help investors track the performance of their investments in instruments such as security receipts.

Besides enabling investors track performance of their investments, the asset management system will let them know if the company is delivering on what it had promised, according to Vinayak Bahuguna, CEO and MD.

“In the Version 4 of our asset management platform, which will be up and running in the next six to nine months, the control will be given to the investors (banks, pension funds and overseas investors) to login and take any data they want on their investments.

“This is something which is useful even to a new investor who comes in. So, they can track their investments on a daily, weekly and monthly basis. That is where we are getting to. I hope this year we can hand over control to investors,” explained Bahuguna.

Asset reconstruction companies issue security receipts (backed by impaired assets) to qualified institutional buyers, evidencing the purchase or acquisition by the holder thereof, of an undivided right, title or interest in a financial asset. The move to develop the asset management system also comes in the backdrop of Arcil, which is India’s oldest ARC, firming up plans to rope in a foreign strategic investor and raise ₹1,000 crore via the alternative investment fund (AIF) route in the current financial year.

Bahuguna elaborated: “The system will give absolute transparency to what we do and how we do things. We also want to use it as a tool for responsible management within the company. So, accountability will come with this. So, all of that I suppose will add to sharper and more efficient management on the ground.”

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Published on July 24, 2018
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