According to latest information from SEBI, mutual fund folios have exceeded the Rs 5 Crore mark as on October 2016.
This growth is attributed to the fairly consistent and continuous participation from investors, irrespective of the many tumultuous occasions such as the Brexit. If anything, Indian investors are known for holding their calm despite the storm. In other words, Indian investors take advantage of volatile market situations and resort to “opportunistic buying”.
While Brexit was an international event that effected an impact on the country’s economy, we now stand witness to a phase of major change where the contours and layout of the Indian economy are being redefined. India’s altered stance on FDI regulations in terms of GST, and the recent demonetisation have triggered positive responses from Economists and Policymakers across the world. The country’s position on FDI regulations in terms of defence, civil aviation, broadcasting services, and pharmaceuticals is expected to boost the potential of bilateral relationships with international trade partners, which presents opportunities for assured investment inflows from international sources.
Good times ahead for Mutual funds
Demonetisation has impacted and boosted cash inflows into banks, which in turn have mobilized the same into investment avenues including the mutual funds. Experts foresee a possible rate cut over the next one year along with ease of inflation, rendering mutual funds more attractive for existing and potential investors. Moreover, the high level of investment is expected to flow into liquid funds.
In addition, demonetisation has also has triggered the drive for increased tax compliance and improved revenue for the government. In combination with increased liquidity in banks, this is likely to lead to gain in terms of government bonds. Needless to say, Mutual funds are one of the safest avenues for investments in government and securities, with associated tax benefits. For the next two months, the picture looks positive for mutual funds.
CAMS – adding value to Operations in times of robust business
As the country’s premier RTA, Computer Age Management Services (CAMS) provides multifaceted services to AMCs, keeping pace with massive volumes of transactions. The company continuously improves its IT infrastructure, while meeting the growing demands of its client AMCS, with innovative technology enabled service designs that deliver speed, standardization, transparency, regulatory compliance, data confidentiality and cost efficiency. In Mutual Fund services , CAMS handles approximately 130 Million transactions per annum with near zero failures.
Besides offering specialized services and solutions to its B2B partners, CAMS also functions with the unique ability of a B2C service provider that attends to end customers’ needs through an assortment of touch points, viz. Pan-India network of Service centers, White Label Call centers and White Label Online Services.
Furthermore, the CAMS Common OTM facility benefits investors now, more than ever. It allows users to circumvent the long queues and paper-filling procedures at banks. CAMS eKYC and myCAMS are other key initiatives that have greatly reduced time and effort to be invested in KYC and Mutual fund investment processes.
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