Highlights:

The mutual funds business assets were at the highest ever and scaled past Rs 27 lakh crore mark at Rs 27.1 lakh crore rising 3% over end June 2022. This was the first time in three quarters that there is inch up in the overall assets. CAMS Service Funds continue to maintain dominant 69% market share in overall assets of the mutual funds market.

On the alternative side, the company continues to see both real growth in the market, accelerated signings, new alternative funds getting registered, all pointing to it turning into an exciting marketplace.

CAMS Wealthserv digital onboarding platform, scaled past 50 sign-ups since launch before 14 months.

On NPS, the CRA business launched in March 2022, the company had a 9.5% share and number two position in the eNPS.

CAMSfinserv, the account aggregator and it's adjunct which is the TSP offering, the company is seeing momentum in the markets, 35-plus mandates have been signed till date. SEBI and PFRDA had also release circulars to enable capital markets participants and pension funds to join the ecosystem, which is very encouraging.

Digital properties, myCAMS and edge360 clocked a qoq volume growth at 10%. This was some share gain from other electronic channels, which is very encouraging.

MFCentral solidifies the role of the company in the MF ecosystem and the encouraging thing is a lot of interest in the APIs.

CAMSRep, insurance repository business, have exhibited two fold increase in e-insurance accounts and e-policy numbers in volume during the quarter and the company is expecting this growth to remain sustained as investors become more interested in this format of holding their policies and also as the necessary steps from a regulatory front are accomplished to get to that regime.

PolicyGenie, deep contract dressing solution assisted insurance companies in closing over Rs 100 crore of unclaimed benefits till date.

NFO collections were over Rs 12000 crore during the quarter, but the significant thing was so spanning over more than 40 schemes. The company has market share of 61%.

CAMSPay, which has a variety of solutions and the underpinning used to be the NACH solution now has expanded to UPI.

Some of AMC are live on UPI auto pay and that's going to give a fill-up to the SIP market additionally in terms of how payment mechanisms or how additional payment mechanisms will be available to the consumers.

Gift City operations now have five side of clients.

Mutual fund revenue broadly mirrors the growth in AUM.

Equity AUM grew at healthy pace of 21% leading to favorable asset mix at around 45% of the total assets.

From a non-asset-based revenue, the growth was 3.6% yoy, driven largely by increase in call center revenue and application revenue.

The non-MF revenue grew 8.2% yoy and 4.3% qoq driven by AIF. Almost 3% of the total company revenue is now AIF. CAMSPay is showing a smart growth and Rep is now beginning to see the uptick.

The company has not yet slowed down on the investments that are required for the new businesses.

ESOP announced had a non-cash charge of Rs 6.5 crore. The ESOP cost is Rs 27.9 crore for FY2023 with Rs 16.1 crore for H1 and Rs 11.6 crore remaining for H2FY2023. The ESOP expenses should be around Rs 14 crore for FY2024.

The company is seeing uptick in insurance repository, but the action will start once the regulator steps in and issues notification.

The market share in AIF is upwards of 50% and the company is expecting the share to continue sustaining and growing.

For the next couple of quarters, the company expects the cost to be reasonably stable.