MF Central to tighten third-party data access, says CAMS MD Anuj Kumar

Investors will have more control over the data being shared, says CAMS MD

MF Central will give investors more control over what data the platform shares with third-party applications as it plans to address the issues raised by the mutual fund (MF) industry, said Anuj Kumar, managing director (MD) of CAMS, on Wednesday.

 

The MF platform, which is jointly operated by registrars and transfer agents (RTAs) CAMS and KFin Technologies, faced pressure from the Association of Mutual Funds in India (Amfi) in September to stop sharing investor data directly with fintech applications.

Several online applications, especially those that offer guided MF investments and loans against MFs, access investor data through MF Central.

 

The platform