Computer Age Management Services Limited (CAMS) and KFin Technologies Limited (KFintech) have announced a joint venture to operate MF Central as a separate entity. MF Central, initially created in 2021 under SEBI’s directive to simplify mutual fund transactions for investors, has seen tremendous success with over 2.5 million users. This new venture formalizes MF Central’s structure with equal ownership by both registrars and transfer agents (RTAs), allowing the platform to operate independently and focus on technology, sales, marketing, and monetization strategies.
MF Central provides a unified platform for investors to manage and transact across multiple mutual fund houses, enhancing convenience and accessibility in the mutual fund industry. In its phased development, MF Central first introduced non-financial transaction services in 2021, followed by the launch of its mobile app and financial transaction features in 2023. With this formalization, the new entity aims to further expand MF Central’s offerings, focusing on investor convenience and service quality.
The joint venture also plans to enhance its API suite, which has already garnered significant interest from Mutual Fund Distributors and Registered Investment Advisors (RIAs). These APIs offer consolidated account statements, capital gains insights, and other transactional capabilities, positioning MF Central as a pioneering solution that supports diverse mutual fund-related services. As it continues to evolve, MF Central will play a key role in providing streamlined, validated transactions and expanding the digital infrastructure of the Indian mutual fund industry.
