CAMS CEO participates in Forbes India’s CEO Roundtable

The digital mega trend has been impacting businesses profoundly and more so the category of financial services. Computer Age Management Services, (CAMS) one of the first organizations to tap into the digital potential in the BFSI segment, has taken many initiatives to make mutual fund investing simpler and better, in the digital age.

N K Prasad

Recently, CAMS CEO Mr. N K Prasad was invited as a panelist at the Final CEO Roundtable conference in Chennai, organized by  Forbes India in association with Microsoft, in acknowledgment of the many digital initiatives that CAMS has launched for the benefit of investors and distributors. The event took place on 15th December 2016, at the Trident, Chennai.

Organized as a series of discussions across six cities in India, as part of the acclaimed Forbes India LeaderSpeak – The Digital Transformation Series, the event saw the convening of eminent CEOs from various organizations that are redefining the face of India Inc.

At the event, Mr. Prasad reiterated how CAMS, as a solutions partner to the mutual fund industry for over 2 decades, has been focussing on design and development of technology solutions/interfaces to change the investing experience of investors and distributors.

The Distinguished Guest List

Other eminent guests at the event included-

Mr. A V Dharmakrishnan – CEO, Ramco Cements
Mr. Manoj Jain – MD, Shriram Life
Mr. R Chandrasekaran – Group Chief Executive, Cognizant
Mr. Srinivasa Raghavan – CEO, TVS & Sons
Mr. Girish Mathrubootham – Founder, Freshdesk
Mr. Sridhar Venkatesh – Co-founder, Indix
Mr. Sumit Ganguli – CEO, GAVS Technologies

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 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, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com

 

 

 

 

 

Yearly Roundup – 2016

CAMS brings you a glimpse into the key events that occurred in year 2016 in the BFSI sector, both in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.

GSecs

Early into 2016, Chinese economy displays signs of toppling markets across the world and sending currencies of emerging markets to their weakest levels in two decades.

In a dramatic turn of events , UK chooses to leave the EU in June 2016. Dubbed Brexit, the decision causes ripple effects that affect global proceedings politically and economically.

Falling in line with the anticipation of market experts around the world, the Federal Reserve hikes interest rates seeking to address issues related to labor market and inflation.

index

Government of India decides to merge railway budget into the main budget, indicating a strategic departure from the 92 year old practice instituted by the British. Also, budget will be presented on first working day of February, starting next year.

India’s move to demonetize Rs500 and Rs1000 notes urges consumers to go the cashless and tax compliant way.

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.

gst

In a landmark shift of stances, Indian government seeks to implement GST in 2017. GST council led by Union Finance Minister Arun Jaitley state finance ministers meets seven times to discuss amendments to be effected to GST.

RBI

Urjit Patel assumes office as the newly appointed chief of RBI in September 2016; GoI sets up Monetary Policy Committee to manage affairs concerning policy interest rates.

sebi1

SEBI introduces several reforms in the past year, including relaxation of norms for start-up funding.

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.

MF

Mutual fund folios reach 44 lakh mark in the eight months spanning April to November 2016 alone, with considerable amount of inflow coming from B15 regions of the country.

insurance_irda

IRDAI mandates specific set of insurance policies to be issued in digitized, electronic form, from October 1, 2016.

The Indian Insurance industry records notable growth in year 2016, thanks to the several initiatives undertaken at the behest 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 www.camsonline.com

Weekly Roundup – December 10

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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.

OPEC HQ

OPEC and non-OPEC members are expected to arrive at a mutually agreeable consensus with respect to oil output cut, at the first of joint meetings to be held since 2001.

ECB cuts down on its asset buys in the wake of prevalent uncertainties and status of inflation. On the other hand, bond buying is projected to extend until the end of 2017.

RBI
The Chief Ministers’ Committee on Digital Payment Systems convene with the heads of banks and RBI officials to discuss strategies to transform the nation into a cashless economy.

RBI chooses to keep existing policy rates unchanged. In an act of balance, the central bank also establishes the removal of temporary CRR that was planned to take effect in December.

sebi1

In a progressive move, SEBI and AMFI come together to evaluate the possibilities of investing in mutual funds through e-wallets.

MF1

Market regulator SEBI is on the road to make way for instant redemption of liquid mutual funds; regulations pertaining to the same are expected to be rolled out in April 2017.

rubber stamp with inscription INSURANCE
rubber stamp with inscription INSURANCE

Insurance (general) in India is expected to expand by 4 times the prevailing rate of growth, over the next decade, say experts.

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

 

 

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

Weekly Roundup – December 3

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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.

OECD takes an optimistic stance with respect to the US economy; the organization affirms that a thriving US economy would also accelerate growth at a global level.

Mutual Fund SIP

Experts at Goldman Sachs stand by their opinion that rise in oil prices would trigger better growth prospects for the world economy.

index

Hon’ble Finance Minister of India stays positive about launching GST on schedule; also affirms that cash crunch is expected to settle down by end of 2016.

RBI

RBI revises the ceiling of market stabilization scheme bonds to INR 6 Trillion, corresponding to rising liquidity in the country’s banking sector.

Central Ministry confirms that India’s Central Bank is all set to specify limits pertaining to cash withdrawals from banks and ATMs.

sebi1

SEBI decrees stock exchanges to provide services for direct connectivity to mediate co-location facility of bourses. A quarterly report of compliance needs to be submitted by each exchange to SEBI with respect to the same.

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SEBI in conjunction with IOSCO might soon open up facilities for selling Indian Mutual funds in the rest of Asia.

irdai

IRDAI authorizes insurers to join the Joint Lender’s Forum (JLF); governed by guidelines decreed by the RBI, JLF address issues pertaining to stressed accounts.

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 wins Dun & Bradstreet Business Excellence Award 2016

1 2016 has been an exciting and rewarding year for CAMS. We are wrapping up this calendar year with a prestigious award – Dun & Bradstreet award for ‘Business Excellence – Mid Corporate Segment’ in the IT/ ITeS sector.  At a grand felicitation held on November 29th at Taj Palace New Delhi, the awardwas presented by Honorable Minister of State for Finance & Corporate Affairs Shri Arjun Ram Meghwal and Honorable Minister of State for Micro, Small & Medium Enterprises Shri Haribhai P Chaudhary.  The event was themed as “It’s Time to Let the World Know”.

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The nomination for the “Business Excellence – Mid Corporate Segment” award was subject to rigorous evaluation by an eminent jury that included, Mr. M.V. Tanksale, Former Chief Executive of Indian Banks Association and Chairman Central Bank; Mr. P. Dalal, Former Executive Director EXIM Bank, and Mr. Bhushan Gagrani, Former Vice Chairman and Managing Director CIDCO.

CAMS ranked high across all of the following eight parameters to win the award:

  • Business Model
  • Operational Excellence
  • Sales and Marketing
  • Product/Service Quality
  • Innovation
  • Digital Adoption
  • Human Resource Management
  • Customer Service Excellence
  • Corporate Social Responsibility
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The award was received by N K Prasad, President & CEO, CAMS.

Coinciding with the award function, Dun & Bradstreet launched a publication ‘Leading 100 SMEs/ Mid Corporates of India 2016’. Click here to download the e-copy, CAMS has been featured on Page 97 & 99.

Weekly Roundup – November 19

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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.

The United States of America to enter the Oil Export domain, following the approval of The Bureau of Industry and Security (BIS) for export of ultra-light crude identified as Condensate.

Mutual Fund SIP

Economists and experts predict modest growth for EU economy, in the year to come. Suggestions proposed at the opinion poll conducted by Reuters for changes in the workings of the Central Bank to allow more room for purchase of eligible bonds.

index

Finance Ministry issues warnings against misuse of Jan Dhan accounts for conversion of illegal funds.

RBI

RBI to issue fresh set of regulations governing the exchange and deposit of Rs 500 and Rs 1000 at banks.

sebi1

SEBI relaxes norms for clearance and verification process for account-opening of FPIs; initiates online verification services for the same.

stocks

CDSL data affirm the positive development that Indian markets are witnessing as investments from domestic players dominate; diminishing dependence on Foreign investments seen as a healthy sign.

MF

Mutual fund industry witnessed steady growth in October, owing to sharp rise in folios; Folios in Equity funds alone attribute for 3.79 crores of the 5 crore mark reached in the last month.

AMFI and MF industry to come together for the cause of investor education in the country; Rs 300 crore to go in as investment for materialization of the same.

irdai

IRDAI to sanction insurers the claim to stake-holding beyond the cursory 15% limit, well within the scope of agreement with principles of good risk management.

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