Chennai based Computer Age Management Service (CAMS) has completed its 25 years of journey. CAMS entered the mutual fund industry in 1995 as Registrar and Transfer Agents (R&TA) when the MF industry was in its nascent stage.
Initially, it acted as record keeping and transfer agency for fund houses and has now graduated to providing various services to fund houses including customer care services, corporate actions, cash management support, unit capital, analytical reporting, distributor relationship management, special product, support and investor services.
CAMS has extended its services to distribution channel and increased customer care network.Currently, it is offering a Distributors Service Package (DSP) which is especially designed for mutual fund distributors. It is also providing other services to the distributors including computation of commissions, trail fees and other incentives.
CAMS has launched an awareness campaign for investors called ‘CAMS Viveka’ so as to strengthen financial literacy in India.
CAMS has also developed many business development tools for mutual fund industry like MFDex, Finnet and Fundsnet. Its electronic platform Fundsnet enables IFAs located in Tier-III and Tier-IV cities to send applications with the assurance of getting same day NAV. CAMS was the original innovator of the Common Accounts Statement, bringing convenience to investors and cost efficiency to AMCs.
CAMS is an ISO 9001:2008 certified for process excellence and ISO 27001 certified for information security practices.
Presently, CAMS has more than 3000 employees spreading around 200 geographical locations within the country. Around 1500 distributors use theFinnet platform which was jointly developed by CAMS and Karvy. The HDFC group holds around 31 percent stake while Advent has 30 percent stake in CAMS.
CAMS has a 60 percent of market share in terms of AUM and services 16 AMCs across the nation.
