Financial Services > Investment & Wealth Management
Fund Administration & Compliance
Back-office operations for mutual funds including NAV calculation, unit allotment, investor servicing, regulatory reporting, and SEBI compliance — the infrastructure behind India's ₹53L Cr mutual fund industry
₹53L Cr
Industry AUM
44
Fund Houses
~67%
CAMS Share
2,000+
Daily NAVs
What is Fund Administration & Compliance?
Fund Administration covers all back-office operations that keep mutual funds running — from calculating NAV daily to processing investor transactions (purchases, redemptions, switches), maintaining unit registers, generating SEBI-mandated reports, and ensuring compliance with AMFI regulations. In India, CAMS and KFintech dominate as Registrar & Transfer Agents (RTAs), processing millions of MF transactions daily for all fund houses. Fund houses (AMCs) like HDFC AMC, SBI MF, and Nippon rely on RTAs for investor servicing while focusing on fund management.
Why Learn This Domain?
- ✓India's MF AUM crossed ₹53 Lakh Crore — massive scale technology challenge
- ✓CAMS and KFintech are duopoly RTAs — processing crores of transactions daily
- ✓SEBI continuously updates regulations — ongoing compliance engineering
- ✓SIP book at ₹24,000 Cr/month means daily mass processing of debit + allotment
- ✓NFO (New Fund Offer) processing, IDCW (dividend) processing — complex batch operations
- ✓MF Central (SEBI mandate) created unified investor view — consolidation tech challenge
Industry Players & Real Applications
🇮🇳 Indian Companies
CAMS (Computer Age Management Services)
Registrar & Transfer Agent (RTA)
Java, Oracle, Custom
India's largest MF RTA — listed on NSE (₹10,000 Cr+ market cap)
KFintech (KFin Technologies)
Registrar & Transfer Agent (RTA)
Java, Oracle, Custom
Second largest RTA — also serves capital markets, insurance
HDFC AMC
Asset Management Company
Custom + CAMS
India's largest private AMC by AUM
SBI Mutual Fund
Asset Management Company
Custom + KFintech
India's largest AMC overall by AUM
Nippon India MF
Asset Management Company
Custom platform
Listed AMC, strong retail distribution
BSE StAR MF
Transaction Platform
Custom Exchange Tech
BSE's MF transaction routing platform
🌍 Global Companies
SS&C Technologies
USA/GlobalFund Administrator
Proprietary + DIMENSION
World's largest fund administrator — $3T+ AUA
BNY Mellon | Pershing
USA/GlobalCustodian + Fund Admin
Proprietary + Eagle platform
Global custody and fund servicing giant
State Street Corporation
USA/GlobalCustodian + Fund Admin
Custom + AllData
Custodian for $30T+ assets globally
JP Morgan Fund Services
GlobalFund Administrator
Proprietary
Institutional fund administration
Broadridge Financial
USA/GlobalTechnology + Operations
Custom SaaS
Fund processing, proxy voting, distribution tech
🛠️ Enterprise Platform Vendors
AMFI (MF Central)
Unified investor portal
SEBI-mandated consolidated MF account view
NSDL / CDSL
Demat accounts, MF units
Depositories — hold MF units in demat form
NPCI (NACH)
Auto-debit mandate
SIP auto-debit infrastructure
Finacle / FinnAxia
Banking + Fund Accounting
Core banking integrated with fund admin