Computer Age Management Services (CAMS) is a SEBI agency under the R&T (Registrar and Transfer) category. It is a platform providing with technology-enabled services and processing related solutions to mutual fund houses as well as investors. It facilitates in building up an interactive and user-interactive delivery model to investors.
What does CAMS do?
Computer Age Management Services is under the collective ownership of NSE Investment Ltd, HDFC Group, Warburg Pincus LLC, and Acsys Investment Private Ltd to provide a variety of services. Below are a few services which it provides:
CAMS has myCAMS an online application for the convenience of the investors. Using this, you can make a single Login User ID. However, the validity of the login credentials you generate will have only 48 hours. This is because the information you give is confidential and sensitive. Therefore, if you delay beyond two days, you will have to start the whole process again.
How does CAMSonline work?
myCAMS is an online portal of CAMS. Here 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 get the statements.
Investors can find the details of NAV & the fees by scheme name in the app. The realized gain statements show data about long-term and short-term capital gain. Further, the Consolidated Account Statement shows details of all the mutual fund holdings of the person which are invested over multiple mutual fund houses, over a given period of time. It is a very popular mechanism to keep a track record of all the investments. However, they do not have any legal authorization to offer mutual fund recommendations or even distribute funds.
Features of CAMS
QUALITY: CAMS is an ISO 9001:2008 certified establishment. It is generally famous for its stringent quality check policies. Therefore with the help of six sigma levels of quality, they set up 50 lakh accounts annually.
Risk Management: CAMSonline follows a self-determining risk management method. For example, it regularly manages every possible operative risk with customized software to steady outcomes.
Access: CAMS has more than 250 locations with expanding plans. Their high reach has helped manufacturers to reduce expenditures. Which further eliminates the need to spend on in-house infrastructure. Thus you can visit CAMS service centers for infrastructure installation and maintenance service post the purchase.
Confidentiality: Customer info at CAMS is highly protected due to the sensitive nature and a matter of security. In order to ensure the security of customer’s information, the data is used only to serve customers. Further the access is restricted to only the rightful owner.
Technology Driven: CAMS promotes locally developed technology solutions. That is on par with international standards leading to fast distribution and adaptability. In addition, IT infrastructure of CAMS has the capability to support over 1 crore transactions per month.
E-KYC Facility: CAMS provides E-KYC to the investors online and via mobile app. It is an instant and cost-free facility. Further, this provides the investor to complete their KYC online without any hassle.
Portfolio Mapping: Under CAMS service all the mutual funds that the investor has invested in are mapped to your investment portfolio. Therefore it is important to provide the same email ID for all your investments to ensure correct mapping.
Single User-Id: Once you register yourself under CAMS online service, you can use the registeration details all your future mutual fund transactions.
Select the Statement Type, Date, Folio Listing, Email ID, PAN (Optional)
Now enter the Password, Verification code, and click on “Submit”.
You will receive a mail from Camsonline.
In order to open and view the file, you need to provide the password which you had previously created.
What should I do if some of my folios are missing in myCAMS user login portfolio valuation?
If in case any of your folios missing in the myCAMS login, please ensure that your email id is updated in all your Mutual Fund investments serviced by CAMS.
What is a Consolidated Account statement (CAS)?
Account Statement is a single account statement that consolidates financial transactions. Further, It consists of all the mutual fund holdings of the person which invested over multiple mutual fund houses.
What happens if there are no financial transactions in a particular folio for the month?
CAS will include only the folios with financial transactions and hence these folios will not reflect in the statement.