Contents
Overview of myCAMS(Computer Age Management Service)
- myCAMS is Computer Age Management Service that was started in 1988. It was started as a mutual fund transfer agency. It was enabled through the IT-sector. And now over 2.5 million users use the company’s platform to invest in mutual funds.
- Computer Age Management Services (CAMS) is a SEBI-Registered Registrar & Transfer (R&T) Agency. This CAMSonline offers users with the technology-enabled services to process-related solutions to Mutual Funds houses and investors.
- The number of investors signing up from various cities beyond the top 30 locations is increasing. It is also making a strong demand from the smaller towns and the city-based company.
- CAMSonline MF launched investor services under the banner myCAMS and SIP etc. To provide informative services like Know Your Customer (KYC), Systematic Investment Plan (SIP), New Fund Offer (NFO), best investment plans, redemption, etc.
- The investors have to create a user id and it allows them to transact across all participating Mutual Funds Investment.
myCAMS Service Cycle
myCAMS is not a Business 2 Business partner serving fund managers and distributors. They also reach the end-consumers through their nation-wide network of service centers and online portals. CAMS online boasts of serving more than 60% of the current mutual funds of the country. However, they do not need any legal authorization to provide mutual fund recommendations or even distribute funds.
AMCs avail the following services from myCAMS.
- Setting up an account
- Processing transactions
- Data management
- Customer service
- Risk assessment & management
- Commission administration
- Other value-added services
Features & Benefits
Quality of myCAMS
- CAMS is an ISO 9001:2008; certified creation.
- It follows a strict quality check policy.
- And with the 6 sigma levels of quality, they set up 50 lakhs accounts annually.
Transfer Agency Services
- There are many responsibilities of active mutual funds companies. Some of them are processing transactions, mapping trends and giving customer support whenever there is a need for it and manages the overall fund.
- CAMS provides the technical support necessary to complete these tasks instantly.
Risk Management
- CAMS follows a self-determining risk management method, directed by specialists.
- For example, every possible operative risk is managed regularly with specially made software to steady outcomes.
Access
- CAMS is covering more than 250 locations and is increasing rapidly.
- Their high reach is helping the companies in reducing expenditures, which is eliminating the need to spend on in-house infrastructure.
- You can also visit the CAMS service center for infrastructure installations and maintenance service after the purchase.
Strong web presence
- CAMS is currently using an online order-routing method called Finney.
- This helps them serve orders from places without visiting CAMS service centers.
Cutting-edge Technology
- It brags of locally developed technology solutions on par with international standards. So, they provide fast distribution and adaptability.
- CAMS huge and up-to-date IT infrastructure can support around 1 crore transactions per month.
Confidentiality
- Customer info is highly secure at CAMS.
- The data is used only to serve the customer.
- Only the valid owner can access the same.
e-KYC facility
- CAMS enables investors to subscribe and transact online or via mobile applications.
- The e-KYC option is quick and free of cost.
To get registered on your Desktop, visit www.camsonline.com.
Portfolio mapping
- Every mutual fund you choose, under the CAMS service, is mapped to your mutual fund portfolio.
- You need to provide the same e-mail id for all of your investments.
One user id for life
- Make your own id under CAMS and you can use that id for all your future mutual fund transactions.
Investment Process of myCAMS
The investment process involves the basic process of the complying requirement(i.e., getting KYC) and the sign-up process.
- Transacting and investing in mutual funds totally paper-free.
- With CAMS you don’t require to submit the physical copy of the form. Even you don’t need to appear for an in-person verification (IPV).
- CAMS need Aadhaar based eKYC.
Platforms supported
CAMS is having a website, although it is not a mobile-optimized site. It offers a mobile app on Android and iOS system.
Fund Houses
The platform services funds provide by 15 fund houses. Following involve are in this:-
myCAMS Funds profile and analysis
You can not see the fund profile on the display.
The Process of Investing in Best SIP Plans
- Paperless SIP is provided through the CAMS. It is done through the biller method in which the addition of the SIP mandate is done in Internet Banking as a utility bill.
- In addition, CAMS offers e-Mandate that can be set up using the e-sign.
- This e-Mandate can be chosen as the payment method for any number of SIP investment in any types of Mutual Fund serviced by CAMS.
- Thus removing the requirement for setting up a different payment mandate.
App Rating of myCAMS
- The website has an achievement of 1,391 at Alexa ranking in India.
- And with customer engagement of 7:21 mins every day on the website.
- In Android, the application is having a rating of 4.4 stars with over 1 million downloads.
CONCLUSION
CAMS is forever on the lookout to improve their infrastructure performance and services. They have played a significant role in making investments easier for both investors and scheme-providers.
To make the best profits on your money and want to know the Best Mutual Funds India. Get in touch with the team of experts at Wealthbucket where our aim is to simplify investments. It is a perfect service platform that can give Large Cap mutual fund, Multi-Cap mutual fund, Small Cap Mutual Funds, and Short Term Mutual Funds.
In addition, to resolve your problem just give a ring at +91 9999379929. or shoot on our email at contact@wealthbucket.in.
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