CAMS platforms and properties have played a significant role in catalysing growth of
the Indian Mutual Fund industry. Its investments in technology infrastructure and digital
capabilities have also transformed the experience of MF investors and intermediaries using
these platforms.
Dear Stakeholders,
I am happy to address you at a time when the mutual fund industry ended the FY24 year
on all-time high in investor count and Assets Under Management. The industry's total
Assets Under Management (AUM) have grown 6 times over the past 10 years and doubled over
the last 2 years to reach the Rs. 50 lakh crore mark for the first time (Industry AUM
stood at Rs. 57.25 lakh crore as on April 30, 2024). This significant growth being powered
among other things by increased retail participation especially through systematic
investment plans (SIP) leads one to believe that the pace of growth will not only sustain
but accelerate further in the coming years. CAMS is well positioned to meet the increased
requirements of the MF industry due to the growing volumes and complexity by making
significant investments in enhancing its operational capabilities cyber security posture
and cutting-edge technological innovations. The company will continue to invest heavily in
technology and products which help improvement in its operational performance.
CAMS continues to remain as the market leader in the RTA industry. Apart from retaining
the market share at 68%, it ended FY24 winning all the new AMC mandates viz. Angel One,
Torus Oro Wealth and Unifi Capital. There were 162 New Fund Offers launched during the
year which were handled by the Company successfully resulting in mobilisation of Rs.
44,051 crore across CAMS serviced funds.
CAMS platforms and properties have played a significant role in catalysing growth of
the Indian Mutual Fund industry. Its investments in technology infrastructure and digital
capabilities have also transformed the experience of MF investors and intermediaries using
these platforms.
CAMS has also been a major player in the digitalisation efforts of the industry. The
Digital properties of CAMS and AMCs (powered by CAMS APIs) now contribute to over 23% of
financial transactions. The excellence in customer satisfaction has been retained and in
the recent investor satisfaction survey, 97.60% of the participants gave a very satisfied
and satisfied rating.
The performance of Non mutual fund business has shown very significant improvements in
the year with many of the business verticals starting to grow post the investment phase.
The insurance repository business has become more promising post the mandatory issue of
insurance policies through electronic mode, given that eInsurance is a very elegant way to
achieve this. The Account Aggregator Business delivered high growth rate on all key
metrices and is showing great promise in the years to come. CAMSPay received the final
authorisation to operate as a Payment Aggregator from the RBI in March 2024 and is well
placed to further grow its business in existing and new categories of business including
UPI AutoPay and cards. CAMSKRA continues to have an aggressive customer acquisition
strategy to elevate its market presence and foster sustainable growth. CAMS eNPS is in No.
2 position in fresh eNPS accounts being opened. The Companies acquired in the last two
years viz. Fintuple and Think Analytics have been making sustained progress in acquiring
new clients and scaling business in their respective businesses.
On behalf of the Board of CAMS, I would like to thank MF investors, distributors and
all the customers who avail our services for making us the industry leader. My heartfelt
gratitude to all the employees of CAMS Group for their resilience and hard work which has
enabled the Company to retain its leadership position. I would also like to thank our
shareholders who have reposed their faith in us and the Directors on the Board for their
support and active participation in the governance of the Company.
Warm Regards,
Dinesh Kumar Mehrotra
Chairman