Mutual funds AuM reach record highs for the first time in the last seven years.

Mutual Fund SIP

Mutual fund assets in India have recorded the highest growth since December 2009, thanks to the furor created by demonetization, RBI’s decision to maintain status quo on key rates in its policy review and hike in Fed rate.

The key logic behind this noted increase in investment activity is that short-term debt schemes are relatively firm investment options than long-term debt schemes, in times of unpredictability. Indian investors who display a knack for “opportunistic buying” during times of tumult in the market situation, appear to have made the most of the circumstances, taking advantage of the decline in prices.

Demonetisation, for its part, has impacted and boosted cash inflows into banks, which in turn have mobilized the same into investment avenues including the mutual funds.

Based on retail investment activity, most of the investment inflows into mutual funds seem to have come via the Systematic Investment Plans (SIPs) route. AMC sources have confirmed that average monthly retail investments had risen as high as Rs. 4,000 Crore per month in 2016. This corresponded to an increase in AMC assets by a solid 30%.

Mutual funds AuM to hit record highs in the near future

There has also been a notable increase in retail investment activity from B15 regions in the country. According to information furnished by AMFI, around 4.7 million investors have been recorded to have forayed into mutual fund investing between December 2015 and September 2016 alone.

The last few days have been abuzz with prospects for further increase in investment activity. Thanks to extensive investor awareness programmes that have been hosted all over the country, the earning population in the country are gradually turning to investing in investment avenues such as mutual funds. With the dawn of this realization, experts have predicted that mutual funds AuM would reach the much-anticipated Rs. 20 Crore mark quite sooner than expected.

CAMS – adding value to mutual fund 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.

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.

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

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Demystifying Common One Time Mandate

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Common One Time Mandate, as illustrated in the preceding article that underlined The Power of One, 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.

Freedom to invest without bank/branch/location related restrictions

CAMS Common OTM facility is not limited to constraints concerning a specific bank/branch/location. Any bank that is a participant of the NACH (National Automated Clearing House) system, allows for registration of Common OTM facility, at any given branch of its. Currently, CAMS Common OTM can be registered across as much as 800+ Banks across the country.

For those with existing mandates –  

Existing registered mandates will not be canceled when CAMS Common OTM is set up.
When transacting in those specific MFs, you will have the choice of MF specific OTM or CAMS Common OTM. While transacting in any new fund where you do not already have a mandate, CAMS Common OTM will be available as an option to cheque/ net banking.

Case of a forgotten folio number? Relax.

The Common One Time mandate is registered at PAN level of the first holder. There is no requirement to quote folio number while registering for CAMS Common OTM. This comes in handy for savvy investors with multiple investments and folios across AMCs.

Also, CAMS facilitates registration of multiple mandates at bank and account number level, at once. There is no restriction on the number of SIPs that can be registered through the Common OTM facility.

What can the investor do if s/he has forgotten the CAMS Common OTM Number

CAMS has an incredibly effective pan India network of Customer Service Centres (CSCs) conveniently located in cities across the country. In the event of a forgotten CAMS Common OTM Number, the investor may approach any of the CSCs and quote her/his PAN and obtain the Common Mandate Number. Alternatively, an SMS could be sent to a designated number with the specified text / or the CAMS Toll Free Call center could be reached to get the CAMS Common OTM Number.

For more information on CAMS Common OTM, click here.

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