myCAMS, the flagship mobile application of Computer Age Management Services Limited (CAMS), India’s premier registrar and transfer agent of mutual funds, has completed 10 years of service. Since its inception, myCAMS has redefined the mutual fund investment landscape, becoming a trailblazing platform that provides unmatched convenience and efficiency to millions of investors.
myCAMS has 6.5 million registered users, of which 1 million joined in the last one year. Ranked among the top three apps in the mutual fund industry, myCAMS has garnered an impressive AUM (asset under management) of Rs. 30,000 crore. Despite a decade of existence and the proliferation of numerous fintech apps in the market, myCAMS consistently achieves over 2000 registrations daily and facilitates gross sales amounting to Rs. 4,500 crore annually.
One of the hallmarks of myCAMS is its ability to adapt and innovate, even amidst a rapidly evolving digital landscape. Over the years, the app has introduced several pioneering features, including instant aggregated views of MF portfolios, folio opening with Aadhar-based eKYC, and seamless transaction facilities across CAMS-serviced mutual funds.
Key highlights from myCAMS’ remarkable journey over the past decade include:
- Surpassing 1 million new registered users in just one year, reaching a total of 6.5 million registered users.
- Clocking over 2000 registrations daily and facilitating gross sales of Rs. 4,500 crore annually.
- Achieving milestones such as 12,000 downloads in a single day, 11.5 million log-in sessions in a month, and gross sales of Rs. 2500 crore in a single month during the COVID-19 pandemic.
- Garnering numerous awards and recognitions as the Best Finance App, reaffirming its status as a leader in the fintech space.
Reflecting on myCAMS’ transformative journey, Mr. Anuj Kumar, Managing Director of CAMS Limited, remarked, “myCAMS app was launched in 2014 when digital and mobile apps were still in their infancy in India. Since then, it has become the go-to platform for millions of mutual fund investors, offering unparalleled convenience and empowering them to manage their investments seamlessly. We are immensely proud of myCAMS’ growth and success over the past decade, and remain committed to enhancing investor experiences through continued innovation and technological advancements.”
As India’s largest registrar and transfer agent of mutual funds, CAMS Limited has played a pivotal role in transforming the asset management industry. With myCAMS at the forefront of its digital offerings, CAMS continues to set new standards for excellence and customer-centricity, reaffirming its position as a trusted partner for investors and financial institutions alike.