Computer Age Management Services Limited ('CAMS / the Company') jointly with KFin Technologies Private Limited (KFintech) has today launched MF Central, 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 the Registrar and Transfer Agents - CAMS with Kfintech 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.
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.
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 that has gone live today, covers noncommercial 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.
Mr. Anuj Kumar, Managing Director, CAMS commented, "We are pleased to bring the MF Central 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, MF Central provides a unified gateway for friction-less services across all mutual funds".
Shares of Computer Age Management Services Limited was last trading in BSE at Rs. 3430.3 as compared to the previous close of Rs. 3432.2. The total number of shares traded during the day was 22492 in over 4382 trades.
The stock hit an intraday high of Rs. 3494.85 and intraday low of 3401. The net turnover during the day was Rs. 77623294.