The world is moving at a very fast pace. The finance sector has witnessed a lot of fresh investors investing in mutual funds during the lockdown period. This blog has provided a solution to one of the major problems of tracking mutual funds. How to get a consolidated view of the mutual funds?
What problems do mutual fund investors face while tracking funds?
For all investors, there are multiple sources to invest in mutual funds. You can invest through your bank or your financial advisor. Also, you can invest directly via any popular app. Some companies directly help customers with their mutual fund’s investment.
In all this, there is an issue that most of the investors face frequently. They have to go to individual funds to check the data of each fund they have invested. As with market shares, sometimes they have invested some amount in one Demat account and rest with another Demat account. So, it is a challenging task to track mutual funds in one place and get a consolidated view.
So, Capital Tree tried to solve your problem. We came up with a solution that might help you to track mutual funds in one place. You will not need to go here and there and just relax.
There are two registers of mutual funds which provide consolidated account statement along with many other features related to mutual funds. One is myCAMS and the other is KFinKart.
1. myCAMS
myCAMS brings you many facilities like one view of your MF portfolio, open new folios, purchase, redeem, switch, set up SIP, and a lot more. With myCAMS app, you can transact in the Mutual Funds app much faster, easier, and smarter ways.
List of Mutual funds on myCAMS:
- Aditya Birla Sunlife Mutual Fund
- DSP Mutual Fund
- HDFC Mutual Fund
- HSBC Mutual Fund
- ICICI Prudential Mutual Fund
- IDFC Mutual Fund
- IIFL Mutual Fund
- Kotak Mutual Fund
- L & T Mutual Fund
- Mahindra Mutual Fund
- PPFAS
- SBI Mutual Fund
- Sriram Mutual Fund
- Tata Mutual Fund
- Union Mutual Fund
- YES MF Mutual Fund
How does it work?
It works through a Single Gateway, which means No more managing multiple PINs, Folios numbers, log-in ids, etc. The log-in process is simple in myCAMS. Just pick your preferred login methods – Mobile PIN, Pattern, or Password right away. It also supports two-factor authentications for enhanced security.
There are multiple email ids for diffrent services. But two broad ids which can help you are helpdist@camsonline.com, and mycams@camsonline.com.
2. KFinKart
KFinKart provides you a single view of your investments, profile management, decisions, and transactions instantly without needing multiple apps.
List of Mutual funds on KFinKart:
- Axis Mutual Fund
- Baroda Pioneer Mutual Fund
- BNP Paribas Mutual Fund
- BOI AXA Mutual Fund
- Canara Robeco Mutual Fund
- Edelweiss Mutual Fund
- Essel Mutual Fund
- IDBI Mutual Fund
- Indiabulls Mutual Fund
- Invesco Mutual Fund
- ITI Mutual Fund
- JM Financial Mutual Fund
- LIC Mutual Fund
- Mirae Asset Mutual Fund
- Motilal Oswal Mutual Fund
- Principal Mutual Fund
- Quant Mutual Fund
- Quantum Mutual Fund
- Nippon Mutual Fund
- Sahara Mutual Fund (For redemptions)
- Sundaram Mutual Fund
- Taurus Mutual Fund
- UTI Mutual Fund
How does it work?
KFincart supports single-click log-in through your Facebook or Google account. Just that easy.
Benefits of the above apps:
- One-touch Navigate across mutual funds
- Portfolio Dashboard
- Know your transaction status with Transaction History
- Systematic Transactions
To access on the web, use these URLs for accessing the e-CAS web service:
KARVY: www.karvymfs.com/platformservice/
CAMs: https://www.camsonline.com/investorservices/col_isaccountstatementckf.aspx
Apart from these apps, there is another way of tracking your mutual fund and shares investment in one place. Every month NSDL sends an email to all the investors. This email contains a copy of your NSDL Consolidated Account Statement connected to your PAN card. All the monthly transactions of shares and mutual funds are mentioned in it. If you want to activate your e-CAS via email just visit the NSDL CAS official site or the CDSL official site and register by filling required details.
If you are looking for investing in mutual funds or want any kind of financial advice, you are in the right place. Capital Tree can provide the best asset allocation services and customized financial planning according to your needs. Please contact us to let your finances grow with time.