Computer Age Management Services


Computer Age Management Services is a Mutual Fund Transfer Agency to the Indian Asset Management Companies with a share of 69.6% of the assets under management. The company was incorporated in year 1988. CAMS is co-owned by - NSE Investments Limited, HDFC Bank group, Warburg Pincus LLC and Acsys Investments Private Limited headquartered in Chennai, India.

History

CAMS was founded in early 1988 by V Shankar as a start-up in the area of Software Development and Computer Education. This was a promising venture, and for a period of 3–4 years in the early 90s, it was one of the establishments in Chennai, similar to NIIT in the education domain.
During Y2K, CAMS decided that the domestic financial services was the area on focus, and the area of operation in managed services among the IT services.
The Indian Financial Services went through a renaissance in the period 1997/8-2006/7, with changes in regulation, products and supporting infrastructure. Financial businesses, always early adopters, started taking advantage of technology and networking to facilitate their business, and CAMS pivoted into what are now known as Platform based services to the Indian Financial industry. In 2000 the HDFC Group invested into CAMS, facilitating in its chosen businesses. In 2007 the company accepted a PE investor to further facilitate help in its operations. In early 2014 India’s Stock Exchange, the NSE, took a position in the Company.
CAMS started off with a team of 20 personnel and started to process Transfer Agency operations during the early nineties. CAMS had handled IPOs like IPCA Laboratories, Wockhardt Ltd, NCD issues of RPPL, RPEL, Crossland Research Labs Ltd etc. CAMS was also known for processing the first ever allotment of Cars for Ford Escort Model, launched during 1996 by Ford India Pvt Ltd.
With the advent of close-ended Mutual Funds, CAMS was involved in processing of Indian Bank Mutual Fund and later started to handle the operations of Alliance Capital Mutual Fund. This was the first Open Ended Mutual Fund of CAMS. CAMS also handled the oldest of Indian Mutual Funds like JM Mutual Fund, ITC Threadneedle, Zurich India Mutual Fund, Sun & FC Mutual Fund, Dundee Mutual Fund, Taurus Mutual Fund etc.
As of Dec 2018, CAMS employs about 7000+ people and offers varied services to the Mutual Funds, Insurance and Banking industries through its network of 270+ locations all over India.

Services Offered

Services to Mutual Funds using ERP kind of IT platform

As of December 2018, CAMS has all India presence with around 280+ Customer Service Centers and all these branches are linked on a real time.
These CSCs normally provide services to Mutual Fund, Insurance, Private Equity, KRA and NPS processes. In these CSCs, the customers have an option to enquire about their investments, obtain statement of accounts, seek portfolio valuations, buy, sell, switch mutual fund units, notify changes in their account details, register and submit KRA applications.
CAMS has enabled self-servicing through the investor and distributor services webpages on its website.

Subsidiaries

CAMSRep - CAMS Repository Services Ltd – is licensed by IRDA to provide insurance repository services such as:
CAMS FinServ - CAMS Financial Information Services Pvt Ltd.
CAMS FinServ has obtained an In-Principal Approval from Reserve Bank of India to conduct Account Aggregation Services in India.
, one of the 8 AAs in India, is completely data blind and is a pure platform service provider. The beauty of AA is that the data from the consent creation stage onward is 100% encrypted and the authorized Information User alone gets to decrypt the information shared with them. AAs do not get to store any of the customer data and provide complete guarantee to the safe sharing of the Financial Information with his authorized user.
The major advantage to the end customer is that he has greater comfort on who gets to use his data, in an electronic form which is free from any un-authorized third-party usage and pilferage thereof.

Outsourced Services to Private Insurance Companies

Marketing & Distribution including

Customer services... Cams has over 280+ branches in all over India including rural and urban part of most states. It gives front office and back office services to the customer with the increase in banking and financial services.

Policy Administration & Policy Servicing

CAMS Investor Services Pvt Ltd is a SEBI registered KYC Registration Agency providing and maintains KYC records of the investors centrally, on behalf of capital market intermediaries registered with SEBI, eliminating the need to repeat KYC. The details of services offered are:

CAMS KRA Online Services for Clients https://www.camskra.com/ (Their Website)

Sterling Software Pvt Ltd is subsidiary software solution provider of CAMS for Mutual Fund industries globally. Sterling supports all its service users like the Mutual Fund House, the Distributor and the Investor.
Sterling serves the requirements of Mutual Funds, Asset Management Companies, Fund Distributors and intermediaries. All its products are designed and customized using Client Server Architecture for Oracle Databases with Microsoft.NET Platform and other Internet enabled front ends.

Memberships, Associations, Accreditations

CAMS is the founding member of Registrars Association of India which was founded in the year 1991. RAIN is a representative body of Registrars and Share Transfer Agents in India.
CAMS is a member of The National Association of Software and Services Companies of the USA.
CAMS is an ISO 9001 – 2008, ISO 27001 compliant organization as well as being compliant to SOC 1 & 2 standards Service Organization Controls Service Organization Controls