Computer Age Management Services (CAMS) has launched Insta Purchase to enhance the service experience of investors in liquid and overnight scheme categories.
In this brand-new initiative Insta Purchase, CAMS serviced funds will now be able to deliver confirmation of all those trades where purchase of a scheme is based on historical (previous day) NAV. This will apply to liquid and overnight schemes of all mutual funds where the trade settlement confirmation will be delivered to the investors within hours of the origination of trade and remittance of the money. While this will happen within the ambit of the current rules of MF which require compulsory sighting of credit as a pre-condition to allot a trade, investors will not have to make any additional steps during the purchase process to get instant allotment.
Computer Age Management Services offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI (banking, financial services and insurance) sector, largely the mutual fund industry.
| Company Name | CMP |
|---|---|
| Computer Age Man | 752.55 |
| KFin Technologies | 994.05 |
| National Sec.Deposit | 915.90 |
| Central Dep. Service | |
| View more.. | |
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