Tag: CAMS

Digital
Technology

KFin Technologies, CAMS launch MFCentral – India’s first interoperable Investment Management platform

Sep 23, 2021 by Rekha Nair 0 Comments #CAMS, #CEO, #KFintech, #Managing Director, #Mr. Anuj Kumar, #Mr. Sreekanth Nadella

Mumbai: KFin Technologies (KFintech) and CAMS, today, announced the launch of MFCentral, a one-of-its-kind digital solution for enhanced service experience for mutual fund investors. The platform expects to transform investor experience with the mutual fund industry through its single window view across all mutual funds.

MFCentral is a collaborative effort of KFintech and CAMS, the Mutual Fund Registrar & Transfer Agents in association with AMFI. For the first time ever in the industry, MFCentral offers digital access to investor lifecycle engagement with the entire MF industry under one roof. The platform aims to render all conceivable transaction types across the industry participants in a highly automated and digitized manner. The platform’s underlying strengths include standardized and uniform processes, inter-operability and future ready architecture for scale and speed.

Mr. Anuj Kumar, Managing Director, CAMS commented, “We are pleased to bring the MFCentral platform to the investor community. The platform will bring about simplification in mutual funds services and reduce turnaround times, while providing safe access. Leveraging the power of digital, MFCentral provides a unified gateway for friction-less services across all mutual funds”.

In addition to a single portfolio view, the platform strives for complete fungibility of physical and digital services. It offers investors the added convenience of generating reports on unclaimed payments and raising service requests for non-commercial transactions (Digital and Scan based), such as nominee change and address update

Speaking on the launch, Mr. Sreekanth Nadella, CEO, KFintech said, “The launch of MFCentral is a milestone moment in the Indian MF industry. At the heart of the platform lie four fundamental objectives – 1. Step change in ease of doing business for Investors, Intermediaries and AMCs 2. Lay foundation for a secure, resilient and hyperscale processing infrastructure to meet exponential growth expected in the MF industry 3. Construct an Info superhighway to provide best in class analytics to the Regulator, AMCs and ecosystem partners and 4. Rationalize redundancy in industry’s efforts and costs”

The platform is conceptualized to go live in three distinct phases, all of which are planned to go live by the end of this calendar year. The first phase, going live today, covers non-commercial transactions (service requests of investors), financial portfolio view, and consolidated account statement amongst other features. The next two phases will see the launch of a mobility platform, financial transactions, and integration with ecosystem partners for several value-added services.

Computer Age Management Services Limited
Business World

CAMS – India’s Largest RTA – lists on NSE

May 8, 2021 by Neel Achary 0 Comments #CAMS, #CEO & Whole Time Director, #Mr. Anuj Kumar, #s

Chennai, May 8, 2021: Chennai based Computer Age Management Services (CAMS), India’s largest registrar and transfer agent of mutual funds, commenced trading on NSE at Rs 2219.50 per share and closed at Rs 2210 per share. The total quantity traded was 95184 shares with a total delivery percentage of 37%. The Market Capitalization of the company post-closing price stood at Rs 10790 Crores.

As per the Share Holding Pattern filed with NSE as on 30th April 2021 the promoters hold 30.96% in the company and 47.90% is held by Institutions (including Mutual Funds, Foreign Portfolio Investors and Financial Institutions). In the Mutual fund category SBI Mutual Fund, ICICI Prudential, Aditya Birla and HDFC Mutual fund are amongst the top holders. The list of Foreign Portfolio investors includes Small Cap World Fund, Fidelity, and Goldman Sachs.

Speaking on the occasion, Mr. Anuj Kumar, CEO & Whole-time Director, CAMS, said “The company commenced its public listing journey with listing of its shares on the Bombay Stock Exchange on Oct 1st, 2020. NSE investments was a shareholder in CAMS prior to the IPO, and while they exited the company completely during the IPO this shareholding precluded the listing of the company’s shares on NSE at that time. Listing on NSE is a significant milestone for the company and it will help in broad basing our investor base. We are happy to get the approval to list on NSE and gain access to their vast base of retail investors across India”.

Additionally, Mr. Kumar stated “We continue to remain focussed on expanding our business as a technology driven business services provider. We are participating in new and emerging financial infrastructure & platform opportunities. Our recent appointment as the Central Record-keeping Agency for National Pension System (under Pension Fund Regulatory Authority of India), our subsidiary being awarded a license as an Account Aggregator by RBI and our recent application for payment aggregator licence vindicate this focus.

The Board Meeting for taking on record the financials for the year ended 31st March 2021 and for consideration of Final Dividend has been scheduled for 25th May 2021.

Business World

CAMS reports Rs.48.95 cr Consolidated PAT for Q2FY21, announces interim dividend of Rs. 6.75 per equity share

Nov 11, 2020 by Gouri Achary 0 Comments #CAMS, #CAMSPay, #Mr. Anuj Kumar, #UPI AutoPay

Computer Age Management Services Limited (“CAMS”), a leading Registrar & Transfer Agent to Mutual Funds has announced its financial results for the second quarter ended on 30th September 2020.

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Q2FY21 (Consolidated)

Revenues from operations for the second quarter ended September 30th, 2020 (Q2FY21) stood at Rs. 171.14 crores as compared to Rs. 173.83 crores in Q2FY20 (Rs. 148.63 crores in Q1FY21). Likewise, the Total Income stood at Rs.176.21 crores in Q2FY21 as against Rs. 179.55 crores in Q2FY20 (Rs. 162.76 crores in Q1FY 21).

Profit Before Tax (PBT) stood at Rs. 66.10 crores for Q2FY21 as compared to Rs 59.06 crores in Q2FY20 (Rs 51.90 crores in Q2FY21). The Company’s PBT margin stood at 37.51%

Profit After Tax (PAT) reported stood Rs. 48.95 crores for Q2FY21 as against Rs. 42.61 crores in Q2FY20 (Rs. 39.80 crores in Q1FY21). The Company’s PAT margin stood at 27.78%

Earnings per share (EPS) for the quarter ended Q2FY21 stood at Rs. 10.03

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Q2FY21 (Standalone)

Revenues from operations for the second quarter ended September 30th, 2020 (Q2FY21) stood at Rs. 161.94 crores as compared to Rs. 164.20 crores in Q2FY20 (Rs. 143.06 crores in Q1FY21). Likewise, the Total Income stood at Rs.178.04 crores in Q2FY21 as against Rs. 170.46 crores in Q2FY20 (Rs. 152.08 crores in Q1FY21). Total income includes dividend from subsidiaries of Rs 12.54 crores.

Profit Before Tax (PBT) stood at Rs. 70.98 crores for Q2FY21 as compared to Rs 54.84 crores in Q2FY20 (Rs 47.00 crores in Q1FY21). The Company’s PBT margin stood at 39.87%

Profit After Tax (PAT) reported stood Rs. 55.22 crores for Q2FY21 as against Rs. 42.41 crores in Q2FY20 (Rs. 36.26 crores in Q1FY21). The Company’s PAT margin stood at 31.01%

Earnings per share (EPS) for the quarter ended Q2FY21 stood at Rs. 11.32

Commenting on the results, Mr Anuj Kumar, Whole Time Director & Chief Executive Officer, CAMS Limited, said, “Despite the volatility in the markets and pandemic situation, Company results for the quarter are quite satisfactory. MF AuM, with the exception of equity assets, have come back to pre-pandemic level and MF industry continues to attract new investors. Assets serviced by CAMS market is at ~ 70% of the industry AAuM. Company’s digital properties like myCAMS, GoCorp and edge360 have gained significant volume traction aiding the MF industry’s digital drive. UPI Autopay has been enabled for SIPs through CAMSPay”

Business World

ClearTax’s tax filing software can parse all capital gains information in a single click

Oct 2, 2020 by Gouri Achary 0 Comments #Archit Gupta, #CAMS, #ClearTax, #Karvy., #tax filing software, #Zerodha

ClearTax, India’s leading fintech SaaS company, which offers GST compliance and tax & investing related products, today announced that its tax filing software can parse stock statements from all major agencies such as Zerodha, CAMS and Karvy.

Taxpayers who have earned long term capital gains from the sale of listed securities and mutual funds during FY 2019-20 are mandatorily required to report details in their income tax returns under Schedule 112A. This schedule requires information such as ISIN, name, number, sale price, purchase price etc for every single scrip or mutual fund sold. By using ClearTax’s online tax filing software, all the relevant details in Schedule 112A can be auto-populated at the click of a button. Customers can also calculate their capital gains within a few minutes.

Archit Gupta, Founder & CEO, ClearTax, said, “ Our customers rely on us to provide them simple solutions so that they can succeed at tax filing independently, thousands of customers have already used this feature and love the convenience. We are committed to making Indian taxpayers compliant in a hassle-free and reliable way.”

This information was required to be reported last year as well but was not mandatory. Lakhs of customers have already used this feature successfully.