Adani Enterp.

2612.1 13.90

Adani Ports

1460.9 15.80

Apollo Hospitals

7340 -20.50

Asian Paints

2416.4 22.90

Axis Bank

1170.2 4.30

Bajaj Auto

8325 14.00

Bajaj Finance

924.05 -4.35

Bajaj Finserv

2041.1 4.60

Bharat Electron

406.85 -2.10

Bharti Airtel

1941.1 6.90

Cipla

1479.9 -11.00

Coal India

386.15 -0.30

Dr Reddy's Labs

1258.5 -2.40

Eicher Motors

5624 33.00

Eternal Ltd

262.55 -3.90

Grasim Inds

2765 -13.60

HCL Technologies

1567 0.60

HDFC Bank

1997.7 2.20

HDFC Life Insur.

758.2 1.35

Hero Motocorp

4431.5 -22.50

Hind. Unilever

2524.5 -2.40

Hindalco Inds.

666 -4.85

ICICI Bank

1426.8 -4.00

IndusInd Bank

880.55 -0.45

Infosys

1607.7 22.10

ITC

424.9 2.80

JSW Steel

1026.3 -8.70

Kotak Mah. Bank

2182 -6.10

Larsen & Toubro

3509.8 15.80

M & M

3194.7 66.10

Maruti Suzuki

12550 14.00

Nestle India

2461 44.70

NTPC

341.45 -0.55

O N G C

243.1 -0.57

Power Grid Corpn

296.6 -1.45

Reliance Industr

1487 1.60

SBI Life Insuran

1831.6 6.80

Shriram Finance

668 -16.45

St Bk of India

833.4 16.95

Sun Pharma.Inds.

1705.8 -21.70

Tata Consumer

1085 3.20

Tata Motors

679.4 -5.00

Tata Steel

157.44 -1.56

TCS

3242.5 -9.80

Tech Mahindra

1607.1 28.10

Titan Company

3416.7 1.70

Trent

5395 5.00

UltraTech Cem.

12449 -53.00

Wipro

262.8 5.40

Corporate News - Detailed News Back
CAMS and KFin Technologies form JV for MF Central
11-Nov-24   19:02 Hrs IST

Computer Age Management Services and KFin Technologies announced the formation of a Joint Venture Company for MF Central. The company will jointly focus on all development aspects of MF Central for technology, sales and marketing and will further augment the mutual fund investment process for investors and expand the intermediary service suite.

CAMS and KFintech, as part of SEBI's initiative in April 2021, conceptualised a unified platform - MF Central, for improving the ease of doing business for retail investors. MF Central is a centralized platform that provides investors with a single access point to transact in mutual funds across multiple fund houses for investor convenience and to significantly augment the suite of services available to investors online.

In Phase 1, MF Central launched Non-Financial Transactionsin September 2021 and subsequently launched the mobile app and the full range of financial transactions for investors in 2023. Having witnessed a phenomenal response and success with over 2.5 million users, MF Central is now being formalized into a stand-alone entity with equal ownership by both RTAs.

APIs for Consolidated Accounts Statement (CAS) commercially offered to Mutual Fund Distributors / RIA have seen significant interest and uptake by the fast-growing digital intermediaries. By delivering over 50 million personalised statements, which give a unified view of the investors' holdings, intermediaries have been enabled to offer customized products on the fly. MFCentral has developed various APIs to support Mutual Fund Distributors and Registered Investment Advisors (RIAs). These include Non-Financial Transaction APIs, Financial Transaction APIs and Information-Only APIs, such as for Capital Gains and Distributor-level CAS. The transactional APIs offered by MF Central will be the first in the market to enable transaction acceptance with full validation, catering to the fast-evolving needs of mutual fund-related services like Loan Against Mutual Funds. Additionally, MF Central has introduced a seamless API journey for banks, NBFCs and loan service providers, marking the first industry-wide API to enable a standardized pledging process across all AMCs.

Powered by Capital Market - Live News


DJIA 44043.67
436.99 -0.98%
S&P 500 6264.61
-24.95 -0.40%
HANG SENG 24517.77
-72.35 -0.29%
NIKKEI 225 39692.47
14.45 0.04%
FTSE 100 8938.32
-59.74 -0.66%
NIFTY 25236.70
40.90 0.16%
×
Ask Your Question
close
refresh