With the launch of direct plan in 2013, the mutual fund industry saw a large number of institutional investors migrate to direct plan. With the role of Wealth Managers, MF distributors with corporates becoming more advisory in nature, transaction preparation and execution is handled directly by the treasury and finance departments. Multiple Transaction forms and cheques preparation, signatures from multiple authorized signatories are time and coordination intensive tasks.
As a solutions partner to the Mutual Fund industry for over 2 decades, CAMS has been focused to design and develop technology solutions/interfaces to change the investing experience of investors and distributors. In its continued endeavor to innovatively address investor pain points, CAMS launched GoCORP, an on-line portal for institutional investors to transact across multiple mutual fund though a single portal.
CAMS GoCORP delivers simplicity, ease and safety in preparing and submitting Mutual fund transactions, tracking investments and more.
The portal allows corporate investors to transact across all participating CAMS serviced funds using single login. Log in credentials can be defined to enable multiple maker and authorizer combination.
Rich features and superior processing brings one view of Mutual Fund investments and much more.
ACCESS AND EXECUTION CONTROL
- One login to access all funds serviced by CAMS
- Maker, authorizer — Customizations for authorized signatory hierarchies/grouping
- Parent and Group companies signatory customizations
- SMS/email alerts for maker and authorizer to verify and authorize transactions
- Electronic time stamping at server on receipt of transactions
- Additional purchase, redemption and switch
- Purchase in existing schemes and new schemes
- Direct plan and regular plan
- ARN and EUIN auto population/new inclusion
- Portfolio valuation
- Transaction status report with date range
- Single window view for submitted transaction status across funds
- Account statement
- Eliminate paper work
- Transfer funds instantly
- Take advantage of time window up to 3 P.M.
- Eliminate manual compilation and reporting
Transactions submission process is designed on a maker/authorizer model to bring ease and control. Designated authorizers are alerted when transactions are initiated by designated Maker(s) by sms and email. Authorizers can simply log-in and confirm the transactions. Corporates can transfer Funds using RTGS/NEFT to the Fund’s scheme account and seamlessly update details in GoCORP.
GoCORP allows user to submit transactions online through online transfer of funds, thus eliminating paper work and hassle of submitting forms. Request confirmation email with transaction reference number will be sent to user’s registered email id.
NAV will be reflected as per the timestamp of CAMS Server and which will be final authorization of transaction.
GoCORP portal is secure and does not store any information in the local system. All information provided travel over secure mode to the server with a high level of encryption to ensure transaction safety. Apart from this other best practices have been taken to protect the interest of Corporate Investors.
GoCORP was launched in July 2015 and has seen a steady enrollment from both large and mid-sized corporate houses across India. CAMS is actively engaged with the several corporates for feature enrichment and new services.
Read more: Here’s the Latest post on GoCORP
Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 60% of assets of the industry across 15 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, NBFC’s and alternate investment funds. To know more visit www.camsonline.com