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INDUSTRY FACT FILE · ASSET MANAGEMENT
Main Products and Services in Asset and Investment Management
What asset and investment managers offer investors, the systems behind each offering and where those systems create cybersecurity and compliance exposure.
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In this document 1. How managers earn their money 2. Products and services by manager type 3. Investor transactions and servicing 4. Fund operations and valuation 5. The systems behind the products 6. Product trends that change the attack surface 7. Mapping products to Codec Networks engagements |
1. How managers earn their money
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Revenue stream |
How it works |
Security relevance |
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Management fees |
Percentage of assets managed in schemes, portfolios or funds |
Investor trust and retention depend on safe, accurate operations |
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Performance fees |
Share of returns above hurdles (PMS and AIFs) |
Integrity of valuation and performance data |
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Advisory fees |
Fees for investment advice and research |
Protection of client data and advice records |
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Platform and distribution income |
Commissions or fees on platforms and distribution |
Partner integrations carry investor data and transactions |
2. Products and services by manager type
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Manager type |
Main products |
Main services |
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AMCs and mutual funds |
Equity, debt, hybrid, index and ETF schemes; SIPs, STPs and SWPs |
Investor onboarding, transactions, statements, NAV publication, distributor support |
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Portfolio managers |
Discretionary, non-discretionary and advisory portfolios |
Portfolio construction, reporting, client servicing |
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AIF managers |
Private equity, venture capital, credit and long-short funds |
Fund raising, capital calls, deal execution, investor reporting |
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Investment advisers and research analysts |
Financial plans, model portfolios, research reports |
Advice, research distribution, client communication |
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Wealth platforms |
Mutual funds, stocks, bonds and other investments in one app |
Onboarding, order routing, portfolio tracking, advisory |
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Fund service providers |
Registry, custody, fund accounting and NAV services |
Investor servicing, settlement, valuation, reporting |
3. Investor transactions and servicing
Investors buy, redeem and switch units through AMC apps and websites, distributors, banks, stock-exchange MF platforms and fintech apps, with RTAs maintaining folios and processing transactions. Sensitive actions—changing bank mandates, contact details or nominees, and large redemptions—are prime targets for fraud and must be protected with strong verification and alerts.
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The riskiest moment Fraudsters typically change an investor's contact details or bank mandate and then redeem. Cooling periods, alerts on old and new channels and step-up verification on high-value redemptions break this pattern. |
4. Fund operations and valuation
Behind the scenes, dealing desks place orders, research teams handle price-sensitive information, and fund accountants compute NAVs using pricing feeds and custodian data. Confidentiality of orders and integrity of pricing and valuation data are as important as protecting investor accounts.
5. The systems behind the products
Figure 2: Where cyber risk sits in the investment lifecycle.
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Product / service |
Systems that deliver it |
Key cyber and compliance touchpoints |
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Digital investing (apps and portals) |
AMC and platform apps, APIs, RTA systems, payment gateways |
CSCRF controls, app and API testing, fraud monitoring |
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Distributor and platform channels |
Partner APIs, transaction feeds, KYC interfaces |
Partner assurance, data minimisation |
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Dealing and portfolio management |
OMS, research platforms, recorded lines, messaging |
Insider and front-running controls, DLP, monitoring |
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NAV and fund accounting |
Fund accounting systems, pricing feeds, custodian interfaces |
Integrity controls, vendor assurance, system audits |
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Investor servicing |
Statements, call centres, CRM, email |
Data protection, social-engineering resistance |
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Fund raising and investor reporting (AIF/PMS) |
Investor portals, email, data rooms |
BEC protection, secure document sharing |
6. Product trends that change the attack surface
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Trend |
What is changing |
Security implication |
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App-based SIP investing |
Investors transact mainly through apps and platforms |
Account takeover and redemption fraud risks grow |
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Platform and fintech distribution |
More partners integrate through APIs |
Partner API and data-sharing risk |
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Cloud adoption |
Fund accounting, CRM and analytics move to cloud |
Shared responsibility and SEBI cloud framework compliance |
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AI in research and servicing |
AI tools support research and investor queries |
Data leakage and AI-specific vulnerabilities |
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Deepfake marketing scams |
Fake videos of fund managers promote scams |
Brand monitoring and investor education become essential |
7. Mapping products to Codec Networks engagements
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If the manager offers… |
Recommended starting engagement |
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Digital investing apps and portals |
App and API testing, redemption and bank-change flow testing, CSCRF audit |
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Distribution through partners |
Partner API testing and partner security assessment |
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Active fund management |
Dealing-room controls, insider monitoring, DLP review |
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In-house or outsourced fund accounting |
Integrity and vendor assurance review, system audit |
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PMS or AIF services |
Executive impersonation and BEC testing, data protection review |
Talk to Codec Networks
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Contact Codec Networks Pvt. Ltd. New Delhi: 507, 5th Floor, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001 Gurugram: 707, 7th Floor, Silverton Tower, Golf Course Extension Road, Sector 50, Gurugram – 122018, Haryana Landline: 011 430 496 96 | 011 437 522 99 Mobile: +91 99716 76124 | +91 88007 88220 | +91 88003 31124 Email: mktg@codecnetworks.com Web: www.codecnetworks.com |
Note: Descriptions are general and based on public information available as of October 2026. Product rules are governed by SEBI regulations and circulars.