CAMS profit up 2.4% to Rs 64.78 crore in June quarter; revenue rises 18%

The company had posted a PAT of Rs 63.24 crore in the same quarter of the last fiscal, Computer Age Management Services Ltd (CAMS) said in a statement.

funds
Anuj Kumar, Managing Director CAMS Ltd, said that despite the volatile market situation, individual investor confidence remained high with buoyant equity net inflows supported by predictable, strong SIP (Systematic Investment Plan) collections of nea
Press Trust of India New Delhi
2 min read Last Updated : Aug 06 2022 | 4:53 PM IST

Registrar and transfer agent for mutual funds Computer Age Management Services on Saturday reported a 2.4 per cent growth in profit after tax to Rs 64.78 crore for the April-June quarter of this fiscal.

The company had posted a PAT of Rs 63.24 crore in the same quarter of the last fiscal, Computer Age Management Services Ltd (CAMS) said in a statement.

Its revenue rose 17.6 per cent to Rs 236.65 crore in the quarter under review from Rs 201.18 crore in the three months to June 2021.

Anuj Kumar, Managing Director CAMS Ltd, said that despite the volatile market situation, individual investor confidence remained high with buoyant equity net inflows supported by predictable, strong SIP (Systematic Investment Plan) collections of nearly Rs 7,000 crore every month.

New SIPs clocking 10 lakh plus monthly registrations is another key trend pointing to mutual fund as the preferred route for long-term investors, he said.

"Our share in assets under management (AUM) is at a robust 69 per cent serving 10 of the top 15 mutual funds. Our equity AUM, despite the headwinds in the markets, expanded by 2.6 per cent quarter on quarter while our overall AUM saw a marginal decline of 1.6 per cent," he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :CAMSMutual Funds

First Published: Aug 06 2022 | 4:37 PM IST

Next Story