A winning case for SIPs

Systematic Investment Plan (SIP) is an investment avenue where the investor builds a portfolio through specific sums invested at regular intervals that may be monthly, quarterly or annually. By the very nature of being a systematic mode of investment distributed over an extended period of time, SIPs have an innate advantage of remaining immune to market-induced fluctuations.

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In general, SIP requires a fixed amount to be invested periodically. Clearly, this is a convenience to investors who are beginners and those who prefer to invest in small pockets.

For investors who prefer to ‘step up’ their installment amount at defined intervals, there exists the option of Step-up SIPs, hosted by several CAMS serviced funds.

In the wake of many such advantages, it comes as no big surprise that nearly 27% of mutual investors prefer to invest through SIPs (Source: SEBI). According to recent data that was shared in the Parliament of India, SIPs in mutual funds have witnessed a growth of 124% in the last two and a half years.

Accordingly, between March 31, 2014, and October 31, 2016, SIPs rose from 60 lakh to a whopping 134.5 lakh. The object of real interest rests with the fact that more than 46% of the SIPs as measured on end of October 2016 are those from B15 towns.

According to MFDEx CAMS data bureau services, which tracks about 92 per cent of the MF industry, there were 1.02 crore live SIP accounts for the funds that it services, at the end of July 2016. This corresponds to a growth of 16.5 per cent from 87.51 lakh SIP accounts at the end of December 2015. CAMS data also showed that it counted 53.71 lakh accounts in June-2014, suggesting that the number of SIP accounts has nearly doubled in two years.

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Mr. N. K. Prasad, President and CEO, CAMS

Mr. N. K. Prasad, President and CEO, CAMS attributes the SIP growth to AMC initiatives on investor education and awareness bearing fruit. ‘Investors are increasingly adopting systematic investments to optimize investment returns from the volatile equity asset class,’ he expressed.

As mentioned above, it is heartening to see that smaller cities have taken a great interest to SIPs too. ‘Investors in B15 cities too are adopting systematic investment habits and account for over 40% of new systematic registrations. We look forward to MF industry helping retail investors create wealth over long term via regular and systematic investments in Mutual Funds,’ stated Mr. Prasad.

About CAMS

CAMS Logo High ResolutionComputer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment funds. To know more visit http://www.camsonline.com

Weekly Roundup – December 3

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CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.

OECD takes an optimistic stance with respect to the US economy; the organization affirms that a thriving US economy would also accelerate growth at a global level.

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Experts at Goldman Sachs stand by their opinion that rise in oil prices would trigger better growth prospects for the world economy.

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Hon’ble Finance Minister of India stays positive about launching GST on schedule; also affirms that cash crunch is expected to settle down by end of 2016.

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RBI revises the ceiling of market stabilization scheme bonds to INR 6 Trillion, corresponding to rising liquidity in the country’s banking sector.

Central Ministry confirms that India’s Central Bank is all set to specify limits pertaining to cash withdrawals from banks and ATMs.

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SEBI decrees stock exchanges to provide services for direct connectivity to mediate co-location facility of bourses. A quarterly report of compliance needs to be submitted by each exchange to SEBI with respect to the same.

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SEBI in conjunction with IOSCO might soon open up facilities for selling Indian Mutual funds in the rest of Asia.

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IRDAI authorizes insurers to join the Joint Lender’s Forum (JLF); governed by guidelines decreed by the RBI, JLF address issues pertaining to stressed accounts.

About CAMS:

CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit http://www.camsonline.com

CAMS wins Dun & Bradstreet Business Excellence Award 2016

1 2016 has been an exciting and rewarding year for CAMS. We are wrapping up this calendar year with a prestigious award – Dun & Bradstreet award for ‘Business Excellence – Mid Corporate Segment’ in the IT/ ITeS sector.  At a grand felicitation held on November 29th at Taj Palace New Delhi, the awardwas presented by Honorable Minister of State for Finance & Corporate Affairs Shri Arjun Ram Meghwal and Honorable Minister of State for Micro, Small & Medium Enterprises Shri Haribhai P Chaudhary.  The event was themed as “It’s Time to Let the World Know”.

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The nomination for the “Business Excellence – Mid Corporate Segment” award was subject to rigorous evaluation by an eminent jury that included, Mr. M.V. Tanksale, Former Chief Executive of Indian Banks Association and Chairman Central Bank; Mr. P. Dalal, Former Executive Director EXIM Bank, and Mr. Bhushan Gagrani, Former Vice Chairman and Managing Director CIDCO.

CAMS ranked high across all of the following eight parameters to win the award:

  • Business Model
  • Operational Excellence
  • Sales and Marketing
  • Product/Service Quality
  • Innovation
  • Digital Adoption
  • Human Resource Management
  • Customer Service Excellence
  • Corporate Social Responsibility
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The award was received by N K Prasad, President & CEO, CAMS.

Coinciding with the award function, Dun & Bradstreet launched a publication ‘Leading 100 SMEs/ Mid Corporates of India 2016’. Click here to download the e-copy, CAMS has been featured on Page 97 & 99.

CAMS collaborates with ‘AIM for Seva’ in support of better education

The urban-rural divide in India is an imminent cause of concern, particularly in the case of access to quality education and allied facilities. According to a 2015 World Bank report, around 67% of the total population in India is attributed to those in the country’s villages. However, there exists a considerable gap in terms of supply and demand in terms of basic facilities provided for the benefit of the rural population. This is more so in the case of education and employment facilities and opportunities. In comparison to Urban India, rural literacy rates continue to remain low.

As an organization, Computer Age Management Services (CAMS) has immense faith in the power of education and has supported several transformational educational initiatives till date. The company is committed to investing in the intellectual capabilities of today’s youth to build a stronger, better and safer world in the future.

 

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Mr. G. Manikandan, Company Secretary, CAMS and Mr. P. B. Vijayaraghavan, Officer on Special Duty, CAMS are seen with Ms. Sheela Balaji, Managing Trustee and Secretary, AIM for Seva

Mindful of the need to bridge the gap for quality education in rural India CAMS had joined hands with AIM for Seva, a Chennai-based NGO dedicated to providing value based education to the children of rural India. Besides supporting various projects around the country, the AIM for Seva also runs operations in Australia, Canada and the United States of America.

 

Given that a majority of problems affecting Indian rural education revolve around accessibility to schools and high dropout frequency, AIM for Seva has extended its support. The charitable organization identifies and addresses the root causes by implementing innovative measures such as Free Student Homes (FSH). At these FSHs, the children benefit from easy access to school, shelter, food and clothing, along with value education, life skills, IT skills and an assortment of extra-curricular activities.

In an effort to support this noble initiative, CAMS has covered the expenses of 40 students, helping them meet the costs pertaining to education, uniforms, stationery, lodging, food, books and other relevant study materials. CAMS prides itself on having associated with an organization that diligently transforms several lives through its innovative solutions pertaining to rural education.

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About CAMS:

CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com

 

 

 

 

 

Weekly Roundup – November 26

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CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.

With strong signs that are affirmative of a surging US economy, it is highly likely that Federal Reserve may go in for a hike in rates this December.

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‘Make In India’ reports spanning developments in the textiles, automobiles and telecom sectors released. The report covers impact of 100% FDI and other reforms on the growth of the three sectors as mentioned above.

Committee led by CEO of Niti Aayog set with the task of identifying digital payment modes to be instituted across various sectors as the nation veers towards cashless economy.

Income Tax Department sends out missives to banks and post offices to gather details of high-value deposits, such as PAN and other key details pertaining to such deposits.

RBI

In a bid to ease liquidity operations in the wake of demonetisation, RBI sanctions GoI issued oil bonds the status of a valid collateral.

SEBI ushers in a fresh wave of hope for start-ups, via liberalisation of regulations governing angel-investments.

MF

Reports confirm 200% growth in the number of SIPs held in the country in the last 31 months. The robust rise has been attributed to increasing investor awareness and emphasized focus on regions beyond T15 cities.

Mutual Fund industry predicted to touch Rs 1 trillion worth of assets in the aftermath of demonetisation.

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Andhra Pradesh is all set to be the first state in the country to institutionalise and issue family insurance scheme. WHO and Bill Gates Foundation and other reputed health organizations have been quoted as institutions that support the state-run initiative.

About CAMS:

CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit http://www.camsonline.com

D&B Financial Markets Conclave 2016 : CAMSRep CEO contemplates the road ahead for distribution of financial products

The Financial Markets Conclave 2016 hosted by Dun & Bradstreet India, on 23rd November 2016, at St. Regis, Lower Parel, Mumbai, saw the coming together of industry veterans, thought leaders and prominent officeholders from across BFSI sector.

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The summit set the stage for dialogues on pertinent topics of great relevance, including the role of bond platforms in raising debts, the many innovations that are making waves in the commodity market and the prominent aspects of the regulatory landscape as instituted by IRDAI.

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Mr. S. V. Ramanan seen speaking at the D&B Financial Markets Conclave 2016

One of the key highlights of the event was the vibrant panel discussion moderated by Mr. Mrugank Paranjape, MD & CEO, Multi Commodity Exchange of India Ltd.

Titled “Distribution of financial products: The way forward”, which was also the central theme of the conclave, the session saw Mr. S. V. Ramanan, CEO, CAMS Repository Services Ltd., sharing his opinions with substantial references on the future of distributing turnkey financial products such as e-insurance policies.

Mr. Ramanan summarized how CAMS Group as an integral part of India’s Financial Infrastructure leveraged technology to the ease of distribution of financial products – be it via FinNet along with other large RTAs or through myCAMS for the retail investors.

He remarked that the success of Pradhan Mantri Insurance schemes was largely due to the ease of opening insurance policies, as in the case of CAMSRep. He also underlined how IRDAI has facilitated the process of opening eIA ( e-Insurance Accounts) in such a way that the policy-holder is rendered KYC compliant. Furthermore with the KYC, the purchase of an Insurance policy is further simplified.

Mr. Ramanan emphasized that success of distribution is not only about reach but being available at the Moment of Truth ( when there is a need for service) and of how CAMSRep has facilitated this for insurers through its pan-India Insurance Service centers (ISCs).

Other panelists at the conclave included-

  • Ms. Shilpa Kumar, MD & CEO, ICICI Securities Ltd.
  • Mr. Kamlesh Rao, CEO, Kotak Securities Ltd.
  • Mr. Amit Rathi, MD & CEO, Anand Rathi Group
  • Mr. Himashu Vyapak, Deputy CEO, Reliance Nippon Life Asset Management Ltd.
  • Ms. Vibha Padalkar, Executive Director & CFO, HDFC Standard Life Insurance Co. Ltd.
  • Mr. S. V. Ramanan, CEO, CAMS Repository Services Ltd.

Eminent guests at the summit included Mr. Ashishkumar Chauhan, MD & CEO, BSE Ltd., Dr. (Ms.) Mamta Suri, Chief General Manager (Finance), IRDAI and Ms. Preeta Misra, Director – Learning Solutions, Dun & Bradstreet India.

About CAMSRep

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CAMS Insurance Repository Services Ltd (CAMSRep), a subsidiary of CAMS, is one of the major Insurance Repositories in India Licensed by Insurance Regulatory and Development Authority of India (IRDAI). CAMSRep, as an Insurance Repository opens unique eInsurance Accounts (eIA) for policy holders,which in essence are convenient, safe and relatively risk-free electronic policies. CAMSRep also acts as a single point of service for all ePolicies held by a policy holder. Apart from repository services, CAMSRep also provides outsourcing services to multiple Insurance Companies in accordance with IRDAI regulations.

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Empowering investors, digitally.

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Recent events affirm that the country’s largely cash-dominated economy is gradually turning towards exploring the possibilities and benefits of adopting paperless, cashless transactional services in the BFSI domain. The last few weeks have seen a considerable spike in terms of cashless transactions across the country.

Farsighted investors have been quick to see that growing emphasis on Aadhaar based authentication, in combination with groundbreaking solutions from digital technologies and NPCI, is all set to effect a paradigm shift in the Indian Financial Services space.

As far as Mutual Funds are concerned, despite its double-digit CAGR over 20 years, the industry has grown to garner only about 7% of the Indian household savings and has tremendous potential for further growth. Low penetration levels of the Mutual Fund industry in the country can be attributed to the bottlenecks in terms of reach and easy access to investing in MFs.

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CAMS, trusted IT-enabled service partner to the BFSI sector since 1988, have been pioneers in envisaging and launching several digitally empowered game-changing innovations was quick to leverage the ‘digital mega trend’, to bring ground-breaking transformation to the way the Mutual Fund industry operated. CAMS foresaw the underlying potential that digital transformation would usher in terms of inclusive growth and in channeling household savings to productive investment.

Consequently, CAMS launched a range of digital technologies to enable anytime, anywhere access to Mutual Funds, to transform investor experience with unique benefits of extraordinary convenience, customization and responsiveness. The Capital Markets Regulator (SEBI) and the Fund industry have recognized most of these digital solutions as transformational innovations to catalyze financial inclusion and industry growth.

Suite of Digital Solutions from the house of CAMS

myCAMS – the most downloaded MF mobile app in India, myCAMS brings a host of features that allows investors to open new folios, purchase, redeem, switch and stay updated on investments across CAMS serviced Mutual Funds. For more details, click here.

GoCORP – an unmatched offering for Institutional investors, GoCORP is a digital solution designed to empower institutional investors with the freedom to transact across multiple mutual funds serviced by CAMS through a single portal. For details and enquiries, click here.

Online, email based Investor Services from the house of CAMS

Camsonline, the web platform of CAMS, offers extensive Self-Management services and utilities. Typical services include tools reporting consolidated reports and statements, with the aid of which an investor can consolidate all of his/her holdings in all Funds serviced by CAMS in one single report – and have it sent via e-mail.

Some of the most recent, unique services that CAMS has to offer in terms of Consolidated Report include Consolidated Account StatementConsolidated Realised Gains StatementConsolidated Pay-In & Pay-Out StatementCommon Account Number (CAN) based Statement, Consolidated ActiveStatement, Consolidated Portfolio statement, Consolidated Transaction Details and Single Folio Account statement, as desired and chosen by the investor. For more information, click here.

 

PAN based Common One Time Mandate Services

Common One Time Mandate service hosted by CAMS is a one-time registration process that renders immense paperless convenience for investors who seek to invest in Mutual fund schemes. CAMS Common OTM brings home several advantages and service benefits to the investor, besides helping them circumvent multiple repetitions of cumbersome paper-based form-filling procedures.

More services from CAMS

Click here to know more about the plethora of services and solutions that CAMS has launched in service of Mutual Fund investors, distributors and Asset Management Companies.

About CAMS:CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com