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.
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 Statement, Consolidated Realised Gains Statement, Consolidated Pay-In & Pay-Out Statement, Common 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.
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