CAMS Targets Faster Growth in Non-MF Businesses by FY27 Amid Regulatory Shifts
Earnings
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CNBC TV18•23-01-2026, 15:12
CAMS Targets Faster Growth in Non-MF Businesses by FY27 Amid Regulatory Shifts
- •CAMS anticipates non-mutual fund businesses to drive faster growth by FY27, projecting over 20% growth, compared to 12-13% for overall enterprise revenue.
- •The company reported strong Q3FY26 performance with revenue up 3.6% to ₹390.14 crore and net profit rising 9.9% to ₹125.50 crore, driven by improved operating efficiency and technology-led productivity.
- •Regulatory changes aiming to lower fees could impact large mutual funds, potentially leading to contract renegotiations, with CAMS estimating a worst-case annual impact of ₹20-25 crore.
- •CAMS deals with seven out of the top ten mutual funds, which may face impact from the removal of exit loads, and expects potential renegotiations in Q1FY27.
- •Despite a 1% annual shift from active equity to passive funds, CAMS believes the impact on its financials will be immaterial due to overall AUM growth.
Why It Matters: CAMS is strategically shifting focus to non-MF businesses for future growth, navigating regulatory changes and market dynamics.
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