CAMS is smartly venturing into non MF business like eKYC, insurance repository, Account aggregator, AIF & PMS through Fintuple acquisition ( PMS will always charge high expense ratio which could not come down soon as it is the case through out the world)
I am eagerly looking out how account aggregator will workout for them. If they can get it right. It can become 2nd revenue contributor to them next to MF…