What you do if you require the details of your mutual fund investments for a review. What if you want to calculate the capital gains of the last year to find out your tax liability?
You will ask your agent to get the details. Not required anymore. You can get all these details online within minutes and it is free!
Yes you can get it online from CAMS or Karvy.
What is the role of CAMs and Karvy in Mutual Fund?
As an investor you will be doing many transactions like buying, selling, switching units etc. You may do other activities like change of address, change in bank account details etc. Your fund house is supposed to maintain records of all these upto date.
But fund houses don’t want to do these jobs, which are purely clerical in nature. So, they have outsourced such non core activities to an entity called Registrar and Transfer agent (R & T agents). R & T agents maintain these records on behalf of the fund house, through offices across the country. These offices act as a single point window for the mutual fund investors to deal with multiple fund houses. This helps the fund houses in reaching to investors across the country without opening additional branches. As an investor you can do almost all transactions at the office of the R & T agent. Investors can invest, redeem and switch your investments in these offices. You need not visit individual fund houses.
These services are free for you because the fund house will be paying them for these services.
Computer Age Management Services (CAMS) and Karvy are the most popular R & T agents in India. Each fund house is utilizing the services of any of these R & T agents. Franklin Templeton Asset Management (I) limited (FTAMIL) and Sundaram BNP Paribas Fund Services (SBFS) are the other two R & T agents.
Mutual Funds serviced by CAMS
The following fund houses are using CAMS as the R & T agent and you can contact CAMS offices for any services pertaining to these funds. CAMS will act as single contact point for all the below fund houses.
- Birla SunLife
- BNP Paribas
- DSP Black Rock
- L & T
- ICICI Prudential
- India Info line (IIFL)
- JP Morgan
- Kotak Mahindra
- Union KBC
Mutual Funds Details serviced by Karvy
The following fund houses are using Karvy as the R & T agents.
- Baroda Pioneer
- Canara Robeco
- LIC Nomura
- Mirae Asset
- Morgan Stanley
- Bank Muscat
- Tata (select funds)
Mail back services offered by CAMS and Karvy
Consolidated Account statement – CAMS + Karvy + FTAMIL + SBFS
The R & T agents have come together to provide this facility to investors. If you have registered your email address while investing, you can request for this consolidated statement. You will get the statement in PDF format within minutes in the email address already given in the application form while investing. For security reasons, the statement will be encrypted using the password provided by you.
You can click on the below link now and get these details to your in box within minutes.
Consolidated realized Gain Statement – CAMS serviced fund
This statement will provide your realized gain for current and previous financial year and will be useful for the tax calculation. This will contain all withdrawals made by you, realized gain/losses segregated as short term and long term for taxation purpose. You will get the capital gain/loss with indexation benefit also. If you are doing systematic transfer, this statement will be useful to calculate your tax liability.
Please click on the below link now and get your consolidated gain statement across all funds serviced by CAMS.
Capital Gain statement – Karvy serviced funds
Here, you require the folio number to get the capital gain statement. If you are not having the folio number, you can first request for an account statement. After getting the statement with folio number, you can request for a capital gain statement. If you have the folio number with you, try the following link now to get this statement within minutes.
Consolidated Active Statement – CAMS serviced funds
This statement is much more than a statement. This gives you in a single form your transaction details, asset allocation etc across all CAMS serviced funds. You can update your details in your accounts through this option. Please clink on the below link to experience this facility from CAMS.
So, why are you waiting for? Request for your statements and update your records now. All you have to ensure is to update your email address in all folios. If you have not updated this at the time of investing, you can update this now by giving a written request to the R & T agent quoting your folio number. These facilities will be helpful, if you are investing in direct plan of mutual funds without agents.