Mutual Fund houses are required to maintain voluminous records of investors’ transaction on a day-to-day basis. It involves skill, time and cost. Registrar or transfer agents (RTAs) are the trusts or institutions that register and maintain detailed records of the transactions of investors for the convenience of mutual fund houses. Investors' transactions like buying, selling, switch in and out of various schemes, providing timely account statements and related information, changes in personal data, etc. occur frequently and have to be recorded. RTAs have skilled expertise for maintenance of such data on a professional basis, thereby helping the mutual funds to save costs and time. RTA is a one-stop solution for investor related services and information.
Investors can also get information about his various investments in different MF schemes of different fund houses at a single place. Some of the RTAs operating in India are Computer Age Management Services (CAMS), Karvy, and Deutsche Investor Services, among others. A RTA typically acts as a third-party on behalf of a fund house. R&T agents also help MFs reduce networking costs. Since they are present across the country, they also double as branches for their affiliated MFs as point-of-sale terminals. A RTA, through its wide network of branches, helps process both financial as well as non-financial transactions, gives investors forms of fund houses, and even sends out account statements.