Computer Age Management Service (CAMS) is a Mutual Fund Transfer Agency. It provides technology-enabled services to Mutual Fund industry, investors, Private Equity, etc.
Computer Age Management Service (CAMS) was founded in the year 1988. Currently, it has a presence across all India with around 200+ Customer Service Centres.
Computer Age Management Services is co-owned by NSE Investment Limited, HDFC Group, Warburg Pincus LLC and Acsys Investment Private Limited.
CAMS online is an online service portal. The investors can easily retrieve their mutual fund statements by providing their PAN and registered email id. The user needs to access the ‘Mailback Services’ in order to the statement of accounts
Investors can find the details of NAV & the fees by scheme name in the app. The realized gain statements show data about long-term as well as short-term capital gain. It also allows investors to invest in NPS or open an e-insurance account.
By providing a variety of services on the app and the website, it’s a very popular mechanism. It helps keep a track record on all the investments with the statement of accounts
CAMS online is not just a partner serving fund house or managers, investors and distributors. It also provides services to the end consumers through their service centers and an online portal. However, they do not have any legal authorization to offer mutual fund recommendations or even distribute funds.
CAMS is an ISO 9001:2008 certified establishment. It is known for its stringent quality check policies.
The responsibilities of active mutual fund companies are many. These responsibilities include processing transactions, mapping trends and fund management. An instant technical assistance is also provided by the CAMS to ensure the tasks is completed seamlessly.
A self-determining risk management method is followed by CAMSonline that is supervised by specialists. For example, every possible operative risk is managed regularly with customized software to steady outcomes.
CAMS has already covered more than 250 locations with expanding plans. Their high reach has helped manufacturers to reduce expenditures. This eliminates the need to spend on in-house infrastructure. An investor can visit CAMS service centers for infrastructure installation and maintenance services.
Currently, an online order-routing method FinNet is used. As a result, the orders from different places are catered to those that do not have a CAMS service center.
CAMS provides locally developed technology solutions that are on par with international standards. The IT infrastructure has the capability to support over one crore transactions per month.
Due to the sensitive nature of the mutual fund industry, the customer info at CAMS is highly protected. To ensure the customer’s information is protected, the data is used only to serve customers. Moreover, the access is restricted to only the rightful owner.
E-KYC is an instant and cost-free facility provided to the investors online including via mobile app. This provides the investor to complete their KYC online without any hassle.
All the mutual funds that you have invested in are mapped to your investment portfolio under CAMS service. In order to ensure the data is correctly captured, it is important to provide the same email ID for all your investments. Here the investment with any mutual fund house is combined and presented.
Once the investor is registered under CAMS online service, the registered details can be used for all your future mutual fund transactions. These transactions can be with any mutual fund house.
The investors can register with myCAMS using their common email id registered in their Mutual Fund investments serviced by CAMS. Please note that single registration is sufficient either in myCAMS mobile app or myCAMS online. Users can use the same login credentials for both.
There are multiple services that CAMS provide for your mutual fund scheme investments.
In order to maintain a systematic process, mutual funds allow the payouts only in the account which is registered with them. For this reason, you must always make sure the bank account details are latest and updated.
This is a crucial step for the payout. The investors would not receive the payout in the desired bank account unless it’s registered with the mutual fund.
1. Bank Name
2. Branch Name
3. MICR Code
4. IFSC Code
5. Account Number
6. Name as per Bank Records
7. Type of Account and
8. Cancelled bank cheque.
1. Firstly, please go to www.camsonline.com
2. Secondly, Click on ‘Investor Services’ on the top menu
3. Thirdly, From the menu on the left of the page, Select ‘Mailback Services’
4. Fourthly, Click on ‘Consolidated Account Statement’
5. Lastly, Please provide your registered email address and password. This need not be your email ID’s password. It is just a password that CAMS will use to encrypt the file that they will be sent to you.
Consequently, you will receive your statement via email within an hour. You need to use the password provided by you to open the statement.
In order to request a single folio statement, choose the ‘Single Folio Account Statement’ option. Further, to request a consolidated account statement, choose the ‘Consolidated Account Statement’ option.
Taxation on mutual funds is a complex topic. Taxes paid on your mutual fund investments vastly depend on factors such as what kind of funds you have invested in, the duration of your investment, which income tax slab you belong to and so on.