RTAS launch common investment mgmt platform

Registrar and transfer agents (RTAS) Kfin Technologies and Computer Age Management Services (CAMS) on Thursday launched an interoperable investment management platform called Mfcentral.

This move comes after the Securities and Exchange Board of India (Sebi) in July called on RTAS to jointly develop an interoperable platform for purchase and redemption of MF units.

Mfcentral is a collaborative effort of Kfintech and CAMS, in association with industry body Association of Mutual Funds in India (Amfi). Mfcentral offers digital access to investor lifecycle engagement with the entire MF industry under one roof for the first.

At the launch, Madhabi Puri Buch, whole-time member of Sebi said: “Today, what is important is that the industry as a whole is evolving from being product focused to actually being service focused. For the first time I am feeling and believing that in this initiative we have indeed put the customer at the centre of everything.”

Mfcentral will be scaled up in three phases. The first phase, which has gone live, would cover non-commercial transactions (service requests of investors), financial portfolio view, and consolidated account statement amongst other features. The next two phases will see the launch of a mobility platform, financial transactions, and integration with ecosystem partners for several value-added services.