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myCAMS crosses one million user milestone

Published in Investment Friday, 29 September 2017 15:20




myCAMS mobile app witnesses rapid growth in user base; processes over 100,000 transactions

myCAMS the leading mutual fund mobile app enabling investors with the digital convenience to track, transact and manage their mutual fund investments across CAMS serviced funds passed a remarkable milestone of registering 1 million users.

Trusted by over 10 lakh investors and servicing 25.3 lakh accounts, myCAMS has grown to become the preferred choice for Mutual Fund investors to manage their investments. With continuous technology improvements and additional features, myCAMS has registered a sharp increase ofnearly 400,000new users in 2017 and receives over a 100,000 transactions every month. SIP registration offered with multiple mandate options is also on the rise.

In line with its vision of giving users intuitive  UI and UX,  myCAMS has been constantly enhanced withfeatures and offerings such as myFAVOURITES, schedule future transactions, one click NFO, common one time mandate, eKYC  alongside traditional features like one view ofportfolio across 17 mutual funds, XIRR, transaction summary, systematic investments tracker and more.

Speaking on the milestone achieved, NK Prasad, President and CEO, Computer Age Management Services, said“We are witnessing increased interest for mutual funds among investorsand notable drive toward leveraging digital channelslike the mobile app for the convenience it offers. We are excited to reach one million user milestone which highlights the changing behaviour of investors seeking digital convenience. This is happening across mature and the millennial investors  and from smaller towns too. At CAMS, we believe in leveraging technology and innovation to enhance service experience for investors and myCAMS is helping us to do that.”

CAMS is a SEBI regulated entity since 1993 to provide Registrar & Transfer Agency services to Mutual Funds. Headquartered in Chennai, CAMS is co-owned by three shareholders – NSESIC, NSE Strategic Investment Corporation Limited, a subsidiary of National Stock Exchange, HDFC Group (a financial services conglomerate) and Acsys (the founding promoter). Besides Mutual Funds, CAMS Group provides technology enabled services to Alternative Investment Funds, Banks, NBFCs and Insurance Companies and KYC services

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