The Association of Mutual Funds in India (AMFI) recently launched an electronic form of MF (mutual fund) common account statements (eCAS).
AMFI said in a statement, "Mutual fund houses, in collaboration with AMFI have started issuance of mutual fund common account statements in an electronic form" .
Go-Green Initiative..!
Mr. H.N. Sinor, Chief Executive, AMFIsaid. "With eCAS, we believe investors will have further convenience & we will together make a positive impact on our environmental responsibility through this go-green initiative"
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| H.N. Sinor, Chief Executive, AMFI |
Indian stock market regulator SEBI has mandated all mutual funds to provide a common account statement "One of the main challenges to roll out CAS was to aggregate data across 5 registrars and presents a common account statement to an investor based on the PAN. Suitable independent partners had to be identified to address confidentiality related challenges.
AMFI - ASSOCIATION OF MUTUAL FUNDS IN INDIA
ONE INDIABULLS CENTRE,
TOWER 2, WING B, 701, 7TH FLOOR,
841 SENAPATI BAPAT MARG,
ELPHINSTONE ROAD,
MUMBAI - 400 013
Telephone Numbers: 2421 0093/ 2421 0383/ 4334 6700
(Monday to Friday between 10 a.m. and 6 p.m. Except on Public Holidays)
Fax Numbers: 4334 6712/ 4334 6722
Email ID: contact@amfiindia.com
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