Financial software solutions provider 3i Infotech recently introduced Registrar & Transfer (R&T) Agency and Fund Accounting Services for the Mutual Funds companies in India.

Part of its BPO offerings portfolio, the new services are expected to enable 3i Infotech to further penetrate the domestic mutual funds industry and  target the Rs. 3,00,000-crore Indian Mutual Funds market.

3i intends to fully integrate the BPO operations with its MFund software product. The company believes that integrating the offerings will enable it to provide Mutual Fund companies with the ability to better structure their offerings, roll them out at faster rates and back them with end-to-end services.

"The rationale behind launching such an offering is to allow Mutual Fund companies to focus on their core business, sales and marketing, while 3i Infotech is ideally positioned to take over the Fund Accounting and R&T functions. With 3i Infotech’s extensive domain expertise in the field of Mutual Funds, we hope to provide customers with solutions that address their unique back-office requirements," said V. Srinivasan, MD & CEO, 3i Infotech.