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myCAMS: How To Purchase and Redeem Mutual Funds Through Your Mobile?

Finance Guru Speaks: This article demonstrate the usefulness of myCAMS mobile application.

With the help of this App, you can have the convenience of purchasing & redeeming mutual funds units as well as getting your Mutual Funds statements through your Smartphone.

You can install myCAMS mobile App by clicking here (for Android Phones).

Below are the steps which will help you to register to myCAMS and perform various actions like Purchasing & Redeeming your Mutual Funds through your Mobile Phone:-

Once you install the App, open it and register to it by using REGISTER NOW button as shown below:-

myCAMS Register User
myCAMS User Registration
In the next screen, provide your email id (registered email id which you already provided to different mutual funds houses at the time of opening Mutual Fund Accounts)

myCAMS New User Registration
myCAMS New User Registration
New User is created successfully to access this application and you will receive your password in your mailbox.

myCAMS New User Created
myCAMS New User Created
Login to your account using your Email ID (as Username) and recently received Password:-
Login to myCAMS application
myCAMS Login
You can see various options available to you once the application allows you to logged-in.

Since we want to Purchase and Redeem our Mutual Funds Units, please click on Transact as shown below:-

myCAMS Online Facilities
myCAMS Online Facilities

To Purchase Mutual Funds Units:-

Click on Invest More and Select in which Mutual Fund House you want to Purchase and fill other details to complete the Purchase, as shown below:-

Please note that you will be able to perform Purchase or Redeem options only in the Mutual Funds in which you previously invested, having EMAIL ID registered correctly and the Fund Houses have CAMS as their Registrar.

myCAMS - Purchase Mutual Funds
[Click to enlarge] myCAMS - Purchase Mutual Funds

To Redeem Mutual Funds Units:-

Click on Redeem and Select in which Mutual Fund House you want to Redeem and fill other details to complete the Redemption, as shown below:-

Please note that you will be able to perform Purchase or Redeem options only in the Mutual Funds in which you previously invested, having EMAIL ID registered correctly and the Fund Houses have CAMS as their Registrar.

myCAMS - Redeem Mutual Funds
[Click to enlarge] myCAMS - Redeem Mutual Funds
To get Mutual Funds Account Statement Over Mail:-

Click on Statements option as shown below:-

myCAMS - Generate Account Statement
myCAMS - Generate Account Statement
Fill the details about which type of Account Statement you want and click on Submit button. Remember the password provided by you in this screen, as with the same password only, you will be able to open the Account Statement Password-protected PDF file which you will receive in your mail box.

myCAMS - Generate Account Statement
myCAMS - Generate Account Statement

As seen below, you will received the Consolidated Mutual Fund Statement (in password protected PDF format) in your registered mail-id.

myCAMS - Generate Account Statement
myCAMS - Generate Account Statement

Hope you have gained some knowledge about myCAMS application and understood ways in which this application can be convenient. Please share/like/comments this article over social networks.

For more Learning, Please visit "At A Glance" Section.

2 comments:

  1. Very well explained about the benefits of mutual funds, was very confused on how to invest in mutual funds!

    ReplyDelete

Thanks for your interest in this blog.


Sincerely,
Team Finance Guru Speaks

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