Weekly Roundup – January 14

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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.

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According to most recent World Bank reports, rapid economic progress is on the cards for the Asian countries of India, Cambodia, Laos and Myanmar.

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GST council to hold ninth meeting on Monday, January 16, to discuss and settle down on differences persisting over certain key issues.

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Government of India affirms of its respect for the autonomy and independence of the central bank of India, in a recent statement released by the Finance ministry of India.

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Institute for Development and Research in Banking Technology (IDRBT), the research wing of RBI, explores the workings behind deployment of blockchain technology in banking in India.

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In a strategic move that seeks to boost the municipal bonds market, SEBI allows municipalities with surplus in their books to issue bonds dubbed ‘muni bonds’.

International Advisory Board recommends study of fee-based model for robo-based investment advisory to SEBI.

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Mutual funds can now be promoted through celebrity endorsements, says SEBI. Industry participants believe that the move will serve to boost penetration of mutual funds in the country.

Sources confirm that 2016 saw the highest number of demat accounts opened since 2008; increased investor awareness and rise in demand for mutual fund products cited as factors for the increased level of participation.

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In the wake of an evolving insurance market ecosystem, IRDAI institutes panel to review norms pertaining to life insurance products.

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

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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

4 Reasons why these are good times to invest in Mutual funds

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Here are four reasons that support why the time is ripe for an investment in mutual funds.

1. Increased liquidity:
Banks are brimming with liquidity, thanks to the impactful demonetisation move. As a natural progression, the excess liquidity is being channelised into debt and equity mutual funds.Indian investors who characteristically adhere to “opportunistic buying” during times of tumult in the market situation, made the most of the circumstances, taking advantage of the decline in prices. Recent data published by AMFI confirms that overall inflows have grown to a massive Rs 36, 021 Crore, as recorded on November 30, 2016. Experts expect this positive trend to continue in the month of December as well.

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2. Rates left unchanged by RBI
The strategic decision by the Monetary Policy Committee to maintain status quo on key rates in its policy review, coupled with other market volatility inducers such as the forthcoming US Fed rate hike and demonetization has rendered short-term debt mutual funds as safe investment bets. The logic behind this disposition is that short-term debt schemes are relatively firm investment options than long-term debt schemes, in times of unpredictability.

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3. SEBI to approve MF investments via digital wallets
With intense efforts to popularize digital transactions doing the rounds, SEBI sources have revealed that the market regulator is contemplating the possibilities of buying mutual funds through digital wallets. Such a move is bound to heighten the ease of investment in mutual funds and catalyze further growth of the mutual fund investor base.

 4. Market regulator to allow instant redemption of liquid mutual funds
One of the reasons why conservative savers prefer fixed deposits in banks over mutual fund investments is the facility of instant redemption that comes with the former. However, this could change in the coming months, with SEBI weighing the possibilities of instant redemption for liquid mutual funds. If realized, this move will naturally encourage retail investors to consider investments in mutual fund schemes and take asset inflows to a new level of high.

Looking at investing in mutual funds? Go ahead with CAMS. 

An integral part of the Indian Finance sector and a trusted service partner to 8 out of the top 10 AMCs in India, CAMS has revolutionized mutual fund operations in India over the last two decades. Specializing in investor services, CAMS delivers international service standards at Indian cost. CAMS had 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.

Click here to know more about the suite of digital solutions from the house of CAMS.

It is noteworthy that CAMS was recently conferred the prestigious Dun & Bradstreet award for ‘Business Excellence – Mid Corporate Segment’ in the IT/ ITeS sector, in acknowledgment of its world-class service excellence and technology leadership.

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

 

 

Weekly Roundup – November 26

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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.

With strong signs that are affirmative of a surging US economy, it is highly likely that Federal Reserve may go in for a hike in rates this December.

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‘Make In India’ reports spanning developments in the textiles, automobiles and telecom sectors released. The report covers impact of 100% FDI and other reforms on the growth of the three sectors as mentioned above.

Committee led by CEO of Niti Aayog set with the task of identifying digital payment modes to be instituted across various sectors as the nation veers towards cashless economy.

Income Tax Department sends out missives to banks and post offices to gather details of high-value deposits, such as PAN and other key details pertaining to such deposits.

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In a bid to ease liquidity operations in the wake of demonetisation, RBI sanctions GoI issued oil bonds the status of a valid collateral.

SEBI ushers in a fresh wave of hope for start-ups, via liberalisation of regulations governing angel-investments.

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Reports confirm 200% growth in the number of SIPs held in the country in the last 31 months. The robust rise has been attributed to increasing investor awareness and emphasized focus on regions beyond T15 cities.

Mutual Fund industry predicted to touch Rs 1 trillion worth of assets in the aftermath of demonetisation.

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Andhra Pradesh is all set to be the first state in the country to institutionalise and issue family insurance scheme. WHO and Bill Gates Foundation and other reputed health organizations have been quoted as institutions that support the state-run initiative.

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

Empowering investors, digitally.

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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.

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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 StatementConsolidated Realised Gains StatementConsolidated Pay-In & Pay-Out StatementCommon 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.

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

 

 

 

Redefining Institutional Investing

Institutional Investing is an art. In general, Institutional Investors have greater access to resources and make informed investment decisions. On the other hand, institutional investors are often confronted with multiple transaction forms and cheques preparation, apart from signatures to be obtained from multiple authorized signatories, each of which requires time and dedicated coordination.

Computer Age Management Services (CAMS), true to its commitment towards finding innovative solutions that address investor pain points, launched GoCORP, an on-line portal for institutional investors to transact across multiple mutual funds through a single portal.

CAMS GoCORP, by design, delivers simplicity, ease and safety in preparing and submitting Mutual fund transactions, tracking investments and more.

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The portal allows corporate investors to transact across all participating CAMS serviced funds using single login. Log in credentials can be defined to enable multiple maker and authorizer combination, addressing the need of large corporates houses with group companies. The portal ensures complete compliance with respect to audit requirements of of corporate investors.

Transactions made easy with CAMS GoCORP

CAMS GoCORP brings rich features and superior processing, one view of Mutual Fund investments and much more. Prompt notifications in the form of SMS/email alerts for maker and authorizer serve to verify and authorize transactions. This allows the authorizers to simply log-in and confirm the transactions.

The portal facilitates transfer of funds using RTGS/NEFT to the Fund’s scheme account; post transfer, the Corporates may seamlessly update the details in GoCORP.

GoCORP is also enabled with the facility of Electronic time stamping at server on the receipt of transactions. NAV will be reflected as per the timestamp of CAMS Server.

Corporate Investors can utilize the portal for additional purchase, redemption and switch through its portal, besides facilities for purchase in existing schemes and new schemes. CAMS GoCORP also offers the flexibility of investments via Direct plans as well as Regular plans. ARN and EUIN auto population/new inclusion is an integrated smart feature helps saving time and effort, alongside the updation of RTGS /NEFT funds transfer reference number.

Tracking Transactions and Managing Reports

CAMS GoCORPhas inbuilt smart features that generate reports encompassing Portfolio valuation, Transaction status (with date range), single window view for submitted transaction status across funds and account statements.

It goes without saying that true to its digital efficiencies, CAMS GoCORP stands for complete elimination of paperwork, manual compilation and reporting needs. Also, the portal drives home the advantage of transacting upto 3 P.M.

Safe, Secure and Reliable

CAMS GoCORP portal is infallibly secure. It stores no information in the local system and ensures that any information provided is transferred to the server via secure mode that warrants high level of data encryption and other essential information security best practices.

Currently, CAMS is actively engaged with 390+ corporates registered for Go CORP for feature enrichment and new services, which bears testimony to the magnitude of success it has achieved in appeasing and winning over its customers.

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 service partner to leading Insurance Companies, Banks, NBFC’s 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