CAMS has introduced a new feature titled ‘Insta Purchase’ through which investors can get trading confirmation in overnight and liquid funds within a few hours. Currently, it takes almost a day to get such a confirmation in overnight and liquid funds.
In a press release, Anuj Kumar, Managing Director, CAMS said, “Given the formats of execution in many new products including ride hailing, airline ticket booking and stock trading, it is important for the MF industry to offer an experience which, despite the multiple complexities involved, is able to deliver to consumers similar real time experience and superior fulfilment of their service requirements.”
Anuj said, “CAMS has built advanced algorithms and mechanisms to settle trades and recognize payments in quick time despite the issues involved. With this new feature, investors will now be able to receive their trade confirmation within hours rather than waiting until next morning.”
