Welcome to VijayKittu.com

Blockchain Technology for the Mutual Fund Industry

Book Chapter

Authors: Vijaya Kittu Manda and S. S. Prasada Rao

DOI: https://doi.org/10.2139/ssrn.3276492

Book Name: SSRN Electronic Journal

ISBN: 978-93-85101-67-0

Publisher: Paramount Publishing House, Hyderabad

Publication Date: October 2018

Abstract: Blockchain and other business disruption technologies have created a buzz in the last few years and have become an inevitable discussions topic in the financial circles. It will have game-changing impact on businesses, particularly on the banking and financial services. Consortium or Enterprise Blockchain is the latest technological evolution allowing us to build hybrid blockchains (public and private) using features such as permission restriction and multiple controlling authorities. These hybrid features allow easy yet controlled information sharing between various stakeholders. After getting acceptance in areas such as remittance & supply chain financing, blockchain is now making inroads into sub-sectors such as asset and wealth management. This article demystifies blockchain concepts and demonstrates an implementation for the mutual fund (MF) industry. MF industry is plagued by slow processing. For example, it takes days together to onboarding a new investor, transactions take a date to appear on statements while NAV computations takes hours to compute and show up for registrars to process transactions. We explore how smart contracts can help cut the transaction processing but will blockchain provide high speed and latency necessary? Can investor statements be accessed dynamically? Will distributed information sharing and decentralization system save costs and time for the stakeholders, particularly in client onboarding, NAV dissemination? How can blockchain help in KYC and other compliance related activities? Can mf scheme portfolios and factsheets get constructed automatically and available with real time updates? How can regulators and auditors have easy access to information as and when they want? Finally, we will examine some of the challenges or hurdles that come in way towards the implementation.

Keywords: blockchain, mutual fund, asset management, smart contract, consortium blockchain, kyc

Google Scholar Link | Semantic Scholar Link | Research Gate Link | SSRN Link

Research works citing this work..

A Comprehensive study on Blockchain with its component, taxonomy and consensus
K Sharmila; S Kamalakkannan; Radhakrishnan Devi; C Shanthi
Blockchain Application for Central Banks: A Systematic Mapping Study
Natalia Dashkevich, Steve Counsell, Giuseppe Destefanis / IEEE Access / August 2020
The role of digital technologies on growth of mutual funds industry
Kishore Kumar Das, Shahnawaz Ali
Blockchain as a Disruptive Technology in Healthcare and Financial Services - a Review Based Analysis on Current Implementations
B Reddy, Madhusree, P Aithal / 2020 / SSRN
Blockchain Implementation for the Mutual Fund RTA
VK Manda, V Katneni, SP Yamijala
Investor’s Perception Towards Mutual Fund Investing on the Rise of Digitalization in Indian Mutual Fund Industry
Pushparaj & Shyamala Devi
Block chain technology adoption in Accounts & Finance Issues, Challenges & Risks -A systematic review
Ismail Abbasi / Mphil Dissertation
Blockchain Technology: A way ahead in Insurance Sector
Tanay Shah & Megha Shah
Research on Blockchain Financial Derivatives Cluster
Zhang et at
The Role and Opportunity of Blockchain in the Fourth Industrial Revolution
Seung Hyeog Moon
Blockchain in Stock Market Transformation: A Systematic Literature Review
Deona Noble & Kanchan Patil / ISSN: 2237-0722 Vol. 11 No. 4 (2021) Received: 26.07.2021 – Accepted: 30.08.2021
Blockchain-Based Peer-To-Peer Lending
Chitrangana Bhati / Blockchain as an Instrument for Land Ownership and Authorization of Services
P2P Lending System on Blockchain
Linesh Patil, Allan Pillai, Shreejeet Honrao, Prof. Jagruti Wagh / International Journal of Scientific Research in Computer Science, Engineering and Information Technology
Blockchain for the asset management industry
Vijaya Killu Manda, Vijaya Kittu Manda, Vedavathi Katneni / World Review of Science, Technology and Sustainable Development
Prospective Application of Blockchain in Mutual Fund Industry
Sonali Srivatsava / Part of the Contributions to Environmental Sciences & Innovative Business Technology book series (CESIBT)
CFChain: A Crowdfunding Platform that Supports Identity Authentication, Privacy Protection, and Efficient Audit
Yueyue He, Jiageng Chen, Koji Inoue / In book: Algorithms and Architectures for Parallel Processing
Revolutionizing Mutual Funds: Blockchain's Impact and Potential
Gautam Kumar Jha, Abhisek Kumar Dwivedi
The Democratization of Wealth Management: Hedged Mutual Fund Blockchain Protocol
Ravi Kashyap
Using the Unified Theory of Acceptance and Use of Technology (UTAUT) Model to Study Investors’ Buying Behaviour Towards Mutual Funds
Pushpa Raj K* and Shyamaladevi Balakrishnan
The democratization of wealth management: Hedged mutual fund blockchain protocol
Ravi Kashyap / Research in International Business and Finance
PROPUESTA DE IMPLANTACIÓN DE TECNOLOGÍA BLOCKCHAIN PARA LA OPTIMIZACIÓN DEL SECTOR DE BANCA DE INVERSIÓN
M Otero Yuste / TRABAJO FIN DE GRADO DOBLE GRADO EN PUBLICIDAD Y RELACIONES PÚBLICAS+ ADE CURSO ACADÉMICO 2023/2024 CONVOCATORIA
Direito das Finanças Societárias: dos Criptoativos enquanto Instrumentos Financeiros Digitais
Diogo Pereira Coelho
SYSTEMATIC REVIEW OF BLOCKCHAIN TECHNOLOGY IN TRADE FINANCE AND BANKING SECURITY
Aklima Begum1; Mosa Sumaiya Khatun Munira2; Shaharima Juthi / American Journal of Scholarly Research and Innovation / Volume 01 Issue 01 (2022) / Page No: 25-52 / Doi: 10.63125/vs65vx40
BLOK ZİNCİR YATIRIM FONLARI GETİRİLERİNİN İNCELENMESİ: TÜRKİYE ÖRNEĞİ
Ayhan Benek; Faruk Dayı
An innovative blockchain framework for strengthening security and efficiency in banking
Mohd. Sultan Ahammad; Maisha Maliha; Nilufa Easmin Nila; Md Shofiqul Islam / Scientific Reports 15(1) / November 2025
Transparent Distributed Investment in Digital Era Based on Blockchain Technology
M. Fazli, Mehdi Naghavi, F. Rouhani / Journal / 2022 / SS Corpus ID: 252680549 / The CSI Journal on Computing Science and Information Technology Vol. 19, No. 2, 2022
Stocks Settlement Through Blockchain Technology
Satinder Singh / 5 June 2026 / Book Title: Blockchain Success Stories: Real-World Case Studies in Digital Finance / Book Editors: Jyoti Verma, Reena Malik, Sarvjeet Kaur Chatrath, Gagandeep
Blockchain-Enabled Nonparametric Persistence Estimation Framework for Emerging-Market Mutual-Fund Alpha Dynamics
6 August 2026 Yufei Li Book Chapter / In book: Big Data and SecurityPublisher: Springer Nature Singapore, Singapore / Editors: Yuan Tian, Tinghuai Ma, Jingyu Hua, Youwen Zhu, Muhammad Khurram Khan

Back to Research Publications and Edited Books