XAlt, unveiled by KFintech, aims to simplify fund administration for AIFs in India. Details here

livemint.com:

Alternative Investment Funds (AIFs) in India. This platform provides a seamless solution, simplifying the challenges faced by fund managers and investors in dealing with the intricacies of AIFs. Over the last decade, commitments to AIFs have experienced an astonishing surge, skyrocketing from ₹1,437 crore in 2013 to ₹8,33,774 crore in March 2023—an extraordinary 580x increase.

This upward trend in AIFs is projected to continue, growing at a 26% CAGR, fueled by the substantial rise in high-net-worth individuals (HNIs), ultra-HNIs, and foreign investors seeking diverse investment opportunities in the Indian domestic markets. With the alternative investment landscape in India witnessing unprecedented expansion, KFintech’s XAlt emerges as a transformative solution. The platform simplifies and streamlines fund administration, catering to the needs of investors, fund managers, distributors, and regulators.

XAlt provides a smooth and integrated approach to managing investor services, leveraging its connection with KFintech’s proprietary Fund Accounting platform, mPower. This in turn automates critical processes like valuations, income recognition, and compliance management, contributing to a more streamlined fund administration. This integration significantly improves operational efficiency, ensuring an outstanding user experience.