CAMS

🧾 What is CAMS?

4 CAMS — Overview 🧾 What is CAMS? CAMS (Computer Age Management Services Ltd) is India’s largest Registrar & Transfer Agent (RTA) for mutual funds. It provides the backend infrastructure that runs most of the Indian MF industry—handling investor records, transactions, KYC, statements, and reporting. 👉 Simply put: when you invest in a mutual fund, CAMS is often the engine behind it. 📊 Core Businesses Mutual Fund RTA services (core business) AIF & PMS servicing Insurance repository services KYC Registration Agency (KRA) Account Aggregator & fintech solutions CAMS services ~70% of India’s MF industry by AUM. 💰 Business Model (Why it’s powerful) Revenue linked to Assets Under Management (AUM) Mostly annuity & recurring income Asset-light, tech-driven model High operating leverage (costs don’t rise much as AUM grows) 📈 Key Strengths Market leader with very high entry barriers Sticky relationships with AMCs Beneficiary of India’s financialization & SIP growth High ROE, strong free cash flow Debt-free balance sheet