Computer Age Management Services Limited (CAMS) saw its shares climb 2.69%, trading at ₹4,847.05 on the NSE as of 11:23 am. The rise follows the announcement of a joint venture with KFin Technologies Limited (KFintech) to jointly operate MF Central as an independent entity with equal ownership.
Highlights of the Joint Venture:
- Formalized Structure: CAMS and KFintech, as registrars and transfer agents, will now manage MF Central as a separate entity focused on mutual fund transaction ease and efficiency.
- Platform Growth: Launched under SEBI’s directive in 2021, MF Central has gained over 2.5 million users, becoming a popular platform for managing and transacting across multiple mutual funds.
- Expanded Features: Originally offering non-financial services, MF Central added financial transaction capabilities in 2023, positioning itself as a comprehensive solution for investors.
- API Suite Expansion: The venture will enhance its API offerings, allowing Mutual Fund Distributors and Registered Investment Advisors access to consolidated account statements, capital gains insights, and other transactional tools.
The positive market response reflects investor confidence in CAMS’s strategic growth in the digital mutual fund ecosystem, with MF Central expected to strengthen its role in streamlining mutual fund transactions and improving investor accessibility.
