CAMS has improved its existing mailback services by doing away with the restriction on AMC reporting, increasing the number of scheduled requests, and longer duration of data retention so that distributors are able to report conveniently with a single click.
Mailback services help distributors get their business reports in an email. From gross commission statements across CAMS serviced fund houses to assets under advisory at the fund house level, mailback services take care of all business details.
In an email sent to distributors, CAMS said, “We understand and appreciate the importance of mailback services for you and your business. With an aim to scale up existing mailback services to improve usability & convenience, we have enhanced our existing mailback services. You will not have to face restrictions in mailback reports, restrained data availability and limited validity of report links anymore.”
CAMS has done away with the restriction on AMC reporting. This means you can select multiple AMCs in a single report. “No more separate reports for each AMC for reports on transaction, static information, AuM and unit balances,” CAMS said.
The registrar and transfer agent has also increased the number of scheduled mailback requests from 7 to 10. CAMS issues mailback on close to 65 reports.
Another important development is longer data retention. The data will have an extended validity of seven days instead of the current two days.
