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
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.
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