Computer Age Management Services Ltd(CAMS)

NSE: CAMSBSE: 543232

₹ 652-3.22%refreshed 23 Oct, 03:52 pm ISTMarket cap: ₹ 16,197 crNext results: 29 Oct 2026Website: www.camsonline.comUpdated: 24 Oct 2026

About

Computer Age Management Services (CAMS) is India's largest mutual fund registrar and transfer agent (RTA), servicing ₹55.9 Tn in average AUM across 27 AMC clients as of Q1 FY27 and holding a 67.2% share of the MF RTA market. Beyond MF processing, CAMS operates in payments (CAMSPay), KYC registration (CAMS KRA), alternatives fund administration, and data/AI services through Think360. Reported FY26 revenue was 1516.25 crore.^[1][2]

Business segments

The RTA business serving the mutual fund industry provided about 90% of revenue in FY25; the company reports a single segment under Ind AS 108.^[3]
Non-MF businesses - CAMSPay, CAMS KRA, Alternatives fund administration, Rep services and Think360/AI - contributed 14.9% of enterprise revenue in Q1 FY27, up from 13.0% a year ago.^[1]
CAMSPay crossed 5% of total enterprise revenue for the first time in Q1 FY27, reaching a 5.7% share, driven by the cards payment gateway launched roughly a year ago.^[1]

Key operating numbers

CAMS-serviced average AUM: ₹55.9 Tn in Q1 FY27, up 14.8% YoY; equity AAuM was ₹31.4 Tn, up 17.6% YoY.^[1]
MF RTA market share by AAuM: 67.2% in Q1 FY27; equity AUM market share was 67.0% in Q4 FY26, up ~90 bps YoY.^[1]
Transaction volumes: 292.3 million in Q1 FY27 (+19.7% YoY); full-year FY26 financial transactions reached 107 Cr (+20% YoY).^[1]
Live SIP accounts: 6.72 Cr in Q1 FY27 (+18.8% YoY); SIP collections were ₹59,681 Cr in Q1 FY27 (+20.7% YoY).^[1]
Unique investors serviced: 48.5 million in Q1 FY27 (+16.8% YoY); live investor folios were 102.2 million as of Q2 FY26.^[1]
New SIP registrations: 1.26 Cr in Q4 FY26 (+46% YoY vs industry +37%); FY26 registrations of 4.7 Cr were +17% YoY vs industry growth of 9%.^[4]
CAMS serviced 132 New Fund Offers in FY25, which together raised ₹73,397 crore.^[3]

Alternatives and non-MF services

CAMS Alternatives AUM under service crossed ₹3.2 lakh Cr in Q1 FY27, with a 50%+ share of outsourced alternatives fund administration; revenue grew 25.6% YoY in Q1 FY27.^[1]
CAMS Alternatives won 50 new mandates in Q1 FY27, including 23 first-time client logos; WealthServ platform signups crossed 288.^[1]
CAMS KRA is India's second-largest KYC registration agency with 2.15 Cr+ unique users after completing the NSE KRA (NSEDAL) business transfer in Q3 FY26.^[5]
CAMSPay revenue grew 69.1% YoY in Q1 FY27, with 17 new deals signed in the quarter; the cards payment gateway is the primary growth driver.^[1]
Account aggregator subsidiary CAMSfinserv grew 229% YoY in FY25, taking its market share to 11.6%.^[3]
CRA (NPS record-keeping) non-government subscriber onboarding grew 82% in FY25; eNPS market share was about 9% vs about 6.77% in FY24.^[3][6]

Subsidiaries and holdings

Wholly owned Sterling Software is the group's software arm and holds the IP rights for the entire RTA platform (FY25).^[3]
CAMS owns 53.99% of Fintuple Technologies, a fintech and API platform for AIFs, PMS, custodians and distributors (FY25).^[3]
CAMS owned 55.42% of Think Analytics in FY25; a second tranche of the Think360 call/put option is expected around mid-2027, which would raise the stake.^[3][1]
MFC Technologies, a 50:50 joint venture with KFintech to operate MF Central, was incorporated on March 08, 2025.^[3]

Clients and distribution

CAMS serves 27 AMC clients as of Q2 FY26 after onboarding 6 new AMCs in CY2025 (Angel One, Unifi, Jio BlackRock, Ceybank Sri Lanka, Taurus, Choice).^[7]
Four more AMC clients - ASK, Carnelian, Oaklane, Neo - are targeted to go live before December 2026, which would take the client base to 31 AMCs.^[1]
11 Specialised Investment Funds launched since October 2025 have just over ₹12,000 Cr AUM, serving ~50,000 investors and 8,000+ distributors as of Q1 FY27.^[1]
Insurance repository arm CAMSRep signed an agreement with LIC for insurance repository services in FY25; e-policies passed 1 crore.^[3]
Exports made up 0.013% of total turnover in FY25.^[3]

Technology platform - RE-ARC

CAMS is re-architecting its core RTA platform on Google Cloud (RE-ARC), a ~5-year programme; ~2 years complete as of Q4 FY26 with 9 core modules to be deployed over ~3 years.^[4]
The transaction origination module goes live in phases from August - September 2026; full transaction acceptance is expected by end of FY27; 4 of 8 AI extraction types were live in Q1 FY27.^[1]
Enterprise data warehouse (BigQuery) targeted for H1 FY27 go-live; Fundsnet planned for September 2026 with the old platform deprecated by Q4 FY27.^[4]

Workforce and efficiency

Enterprise headcount was ~8,300 in Q1 FY27, down ~225 QoQ and ~85 YoY; FY26 ended with 8,420 employees vs 8,324 at the start of FY26.^[1]
Management targets a net 4 - 5% headcount reduction in FY27 through AI/automation-led non-backfilling.^[1]
A new delivery centre for the insurance business opened at Turbhe, Mumbai in FY25.^[3]

Recent developments

CAMS KRA revenue fell 2.6% YoY in Q1 FY27 after a market-wide recommended KRA rate revision of ~29% effective 1 April 2026; management expects recovery from Q2 FY27.^[1]
CAMS GIFT City received in-principle KRA approval; a payment service provider licence application is in process (Q1 FY27).^[1]
Think360's ConsenPro (consent management under the DPDP Act) has early wins from 7 - 8 BFSI and enterprise clients and 50+ pipeline conversations (Q1 FY27).^[1]

Market Cap

₹16,197 Cr

High / Low

₹845 / 612

Stock P/E

32.6

Price / Book

12.2

Book Value

₹53

EPS

₹19.2

No. of Shares

24.8 Cr

ROE

39.0%

Sales

₹1,516 Cr

Net Profit

₹472 Cr

Promoter holding

0.0%

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Computer Age Management Services Ltd(CAMS)

About

Business segments

Key operating numbers

Alternatives and non-MF services

Subsidiaries and holdings

Clients and distribution

Technology platform - RE-ARC

Workforce and efficiency

Recent developments

Signal history

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