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.

GSecs

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

gst

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

index

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.

RBI

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.

sebi1

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.

MF

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.

rubber stamp with inscription INSURANCE

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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Weekly Roundup – January 7

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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.

Bank

Encouraging turn of events in terms of unemployment and inflation have the Federal Reserve officials record with strong confidence that the U.S. economy is progressing towards the goals as set by the central bank.

gst

Central government stays keen on implementing GST , the country’s biggest tax reform in decades, between April 1 and September 16, 2017.

RBI

RBI extends deadline to end of June 2017, for exchange of old Rs. 500 and Rs. 1000 notes at its offices around the country by NRIs.

sebi1

SEBI seeks to ease entry procedure for domestic institutional investors including insurers and pension funds.

Market regulator declares that registered FPIs seeking operate in the IFSC domain can now get to work without the burden of additional documentation.

MF1

Mutual funds reach all time high, since December 2009; total corpus amount touches Rs. 17 trillion.

rubber stamp with inscription INSURANCE

Indian insurance market expected to grow manifold in size, with at least six global reinsurers set to open operations in the country.

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

Weekend Roundup – December 24

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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

Revised estimates indicate US economy had grown by a substantial 3.5% in the third quarter of the current fiscal year.

For the fourth consecutive time in the last few weeks, Indian government bonds record gain.

gst

Considerable progress made at the GST council meeting held on December 22, 2016, in structuring the draft based on which the laws pertaining are to be drawn.

RBI

Central bank in possession of sufficient currency reserves to last until end of year, affirms Finance Minister, Mr. Arun Jaitley.

RBI sets up the seventeenth banking Ombudsman centre in the country. Uttarakhand and seven districts of western Uttar Pradesh to fall under the jurisdiction of the new centre.

sebi1
SEBI reinstates its inclination to go green by ushering in policy for electronic issuance of debt security papers. 

Investment advisors entitled to charge fees subject to ceiling as indicated by board, but shall not charge it as a variable pay, clarifies market regulator SEBI.

MF

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

insurance_irda

IRDAI  report points at a steady comeback and growth for the Indian insurance industry as measured in 2015-16, after several years of declining sales.

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 – 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.

chinese yuan

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.

niti-aayog

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.

sebi1

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.

MF1

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

insurance_irda

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

 

 

 

 

 

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.

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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

 

 

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

MF

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.

RBI

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.

sebi1

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