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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Weekly Roundup – December 17

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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.

Mutual Fund SIP


Falling in line with the anticipation of market experts around the world, the Federal Reserve hikes interest rates. The hike seeks to address concerns pertaining to the prevalent labor market and inflation conditions.

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China opts for a no-frills, balanced monetary policy for the year to come. Accordingly, the People’s Bank of China has implemented selective tightening of interest rates.

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In a move to promote and boost cashless, digital payments in the country, Niti Aayog launches ‘Lucky Grahak Yojna’ and ‘Digi Dhan Yojna’ for consumers and merchants.

RBI

No charges to be levied on consumers for cashless transactions via USSD, IMPS or UPI upto Rs 1,000, as per recent sanctions as motioned by RBI.

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SEBI sources confirm registration of over 1700 fresh FPIs in the April-October quarter of the current financial year, accounting for an inflow of around Rs 2800 crore in equities alone.

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Mutual funds industry in India is going through a notable phase of growth, with a robust inflow of Rs 36,000 crore in November.

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The Indian Insurance industry has recorded notable growth in year 2016, thanks to the involvement of the Central Government.

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 CEO speaks on “Putting Investors First”at conference organised by CFA Institute, India.

Putting Investors First (PIF), a conference organised by NSDL, CFA Society India and CFA Institute, was held on 25th November 2016, at The Rain Tree, Anna Salai, Chennai. The event saw the coming together of industry veterans, thought leaders and prominent officeholders from across BFSI sector.

In CFA’s own words, “Putting Investors First” was conceived as a global initiative driven by investors and CFA charter holders with a purpose to build a culture of trust and to reaffirm the commitment of financial intermediaries for putting investor interests above all others.

Building upon the successes of PIF conferences held in Mumbai and New Delhi, the institution had brought the event to Chennai, in partnership with NSDL.

The conference saw the coming the coming together of a diverse set of global thought leaders, such as Mr. N Hariharan, Chief General Manager, SEBI and Mr. Bob Dannhauser, CFA Institute’s global head of wealth management.

 

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Mr. N K Prasad, President and CEO, CAMS, (second from left) seen speaking at the panel discussion held at the event.

 

One of the key highlights of the event was the vibrant panel discussion titled “Investment Advice in Changing Times”. The session saw Mr. N. K. Prasad, President and CEO, CAMS, sharing his opinions with substantial references on the subject of propagating investor awareness.

Mr. Prasad summarized how CAMS as an integral part of India’s Financial Infrastructure leveraged technology to the cause of investor education and ease of distribution of financial products.

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

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.

GSecs

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.

N K Prasad
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

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

Discover the Power of Consolidation with CAMS suite of Mailback Services

Life has never been busier. More so for today’s smart investors who juggle the many roles they have chosen to play. There’s little wonder that Time has assumed the role of a great dictator, given the prevailing pace of life.

Computer Age Management Services (CAMS), pioneers in empowering the BFSI sector with technology-enabled services since 1988, understands the predicaments of today’s fast paced life and the many commitments that investors are tied up to. In an expression of appreciation for the investors’ time and need to track their investments, CAMS has leveraged upon the power of consolidation in delivering periodic, authentic reports that cover investments and all transactions as made across CAMS serviced funds.

In other words, CAMS delivers information in style to investors who choose to receive, all in a matter of few clicks!

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.

CAMS offers variations in terms of preparing and delivering the consolidated reports. Some of the most recent, unique services that CAMS has to offer in terms of Consolidated Report, are as follows –

Consolidated Account Statement – CAMS + CAMSRep (eIA) 

Designed to be a single printable statement that lists all investment transactions across CAMS-serviced Funds, this facility also covers e-Insurance Policies that the investor holds in CAMSRep.  See it to believe it!

Consolidated Account Statement – CAMS+Karvy+FTAMIL+SBFS+CAMSRep (eIA) 

A single Consolidated Account Statement across the investor’s entire holdings in CAMS, Karvy, FTAMIL and SBFS serviced Mutual Funds and ePolicies in CAMSRep is now achievable, provided the same email id had been registered against all the holdings.

Consolidated Realised Gains Statement 

Investors can now stay informed about their Investment Performance, Capital Gains and Income for the current and last Financial Years, consolidated across CAMS serviced funds. Interested? Go for it now!

Consolidated Pay-In & Pay-Out Statement

Viewing pay-in & pay-out details in folios as a consolidated summary is now a possibility, with this innovation from CAMS. The statement provides subscription pay-in details and redemption/dividend pay-out and status details. Try it now!

Common Account Number (CAN) based Statement – CAMS serviced Funds

CAMS introduces Consolidated Account Statement services based on MF Utility Common Account Number(CAN), to provide great convenience to investors by allowing them the benefit of a single reference number that could be mapped to the CAN user’s existing folios across CAMS serviced Funds. Try it now!

Other Mailback Services:

CAMS also offers to consolidate all financial information pertaining to the investor, across CAMS serviced Funds, that may be received as 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.

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 – Oct 22

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.

Demand for Gold in Asia effect first weekly gain; However much remains to be decided based on the U.S. Interest rate hike.

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At the India-US Trade Policy Forum, US asks India to relax regulations pertaining to sourcing; India pitches for higher percentage of export for agricultural produces.

Bank

With the GST to take effect next year, here’s a short round up on what’s affordable and what’s not.

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The Central Bank of India, in a significant move has consented for 100% Foreign Direct Investment in regulated Financial Services.

RBI

Investment advisors in the coming days to be allowed to utilise Stock Exchange infrastructure for buying and selling Mutual fund units, as announced by SEBI.

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e-Insurance to render considerable level of ease to multi-step procedures and make payment and claims.

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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 www.camsonline.com