Rs. 100- Rs. 10 crore
Start investing with Rs. 100 | Easy KYC | Expert-managed funds
How to Invest in SIP A Beginner's Guide
In summary
A Registrar and Transfer Agent (RTA) is a service provider that maintains investor records and handles specified transaction and servicing activities for companies and mutual funds. RTAs are regulated intermediaries, with SEBI's current RTA framework governed by the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 2025.
- RTAs maintain investor and transaction records.
- They process specified investor service and transaction requests.
- Mutual fund RTAs support AMCs with record-keeping and investor servicing.
- Investors can use RTA services for statements, KYC updates, transactions, and other requests.
- CAMS and KFin Technologies are prominent RTA service providers in India.
- RTAs do not make investment decisions for mutual fund schemes.
- SEBI regulates registered RTAs and their activities.
The Bajaj Broking website provides access to mutual fund investment options, while the RTA generally handles the underlying record-keeping and servicing functions for the relevant AMC.
What is a Registrar and Transfer Agent?
A Registrar and Transfer Agent is a financial market intermediary appointed to maintain investor records and perform specified administrative and transaction-related services.
For companies, an RTA can support activities associated with securities issues, ownership records, transfers, transmissions, and corporate actions. For mutual funds, the RTA maintains investor and folio records and processes eligible requests such as purchases, redemptions, switches, and changes to investor information, subject to the applicable process and scheme arrangements.
This means an RTA generally works behind the scenes. You may interact with it when you need a statement, update certain details, submit a transaction request, or resolve an issue relating to your investment records.
SEBI's current framework includes the SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 2025, which replaced the earlier regulatory framework.
What does an RTA do for mutual fund investors?
The RTA's role is primarily operational rather than investment-related. It helps maintain the records and processes needed to administer your mutual fund holdings.
For example, if you invest in mutual funds, the RTA may maintain your folio and transaction records and process eligible requests relating to those holdings.
Common services include:
- Transaction processing: Handling eligible purchase, redemption, switch, and other transaction requests.
- Record maintenance: Maintaining investor details, folios, holdings, and transaction history.
- Statement services: Providing transaction statements, capital gains statements, and other account-related information.
- Investor detail updates: Processing eligible changes to bank details, contact information, nomination, and other records.
- KYC-related processing: Supporting applicable KYC and investor-record processes.
- Systematic transaction requests: Processing eligible requests relating to SIPs, STPs, and SWPs.
- Investor communication: Sending statements, transaction confirmations, and other communications.
SEBI's investor guidance also identifies services such as updating investor details, processing transfers, facilitating corporate benefits, and allowing investors to track transactions and raise service requests through RTA channels.
How does an RTA work with an AMC?
An Asset Management Company (AMC) manages the mutual fund schemes and takes investment decisions within each scheme's mandate. An RTA supports the operational side by maintaining investor records and processing servicing and transaction activities.
This distinction is important. An AMC decides how a scheme's portfolio is managed, while the RTA generally handles the administration associated with investors and their holdings.
You can learn more about the role of an Asset Management Company to understand how fund management differs from investor servicing.
An RTA therefore does not select securities for a mutual fund or determine the scheme's investment strategy.
What services can you access through an RTA?
The exact services available depend on the intermediary, scheme, transaction type, and applicable rules. Common investor-facing services include:
Account and transaction records
An RTA maintains records of your mutual fund transactions and holdings. These records can help you track purchases, redemptions, switches, and other transactions associated with your folio.
Statements and tax-related information
RTAs can provide transaction and capital gains statements. A Consolidated Account Statement (CAS) provides a consolidated view of investments across participating securities and mutual fund holdings.
Changes to investor details
Depending on the request and applicable process, you may be able to update details such as your address, bank account, contact information, or nomination.
Transmission and other servicing requests
RTAs can support eligible requests involving transmission of mutual fund units, folio consolidation, nomination, and other investor-service processes.
What is the difference between an RTA and an AMC?
An RTA and an AMC have different responsibilities within the mutual fund ecosystem.
| Basis | RTA | AMC |
|---|---|---|
| Primary role | Investor record-keeping and servicing | Fund and portfolio management |
| Investor records | Maintains applicable records and transaction data | Oversees the scheme and its operations |
| Investment decisions | Does not manage the scheme portfolio | Makes investment decisions within the scheme mandate |
| Transactions | Processes eligible investor requests | Authorises and oversees scheme-level processes |
| Investor servicing | Provides specified administrative services | Provides scheme-level information and management |
Last updated: September 2026
For example, if you want to change an investor detail or obtain a transaction statement, the RTA may handle the operational request. If you want to understand why a scheme holds particular securities, the relevant information comes from the AMC and scheme documents.
What is the difference between a registrar and a transfer agent?
The terms come from different functions, but they are commonly combined into one intermediary in India as a Registrar and Transfer Agent.
A registrar's responsibilities centre on maintaining records, while transfer-agent functions relate to processing ownership and transfer-related activities. In practice, an RTA may perform both sets of functions for its client.
For listed securities, RTA activities can include maintaining ownership records, processing eligible transfers or transmissions, and supporting corporate actions. For mutual funds, the focus is more directly on maintaining investor records, processing transactions, and providing investor servicing.
Who appoints an RTA?
Companies and mutual fund organisations appoint RTAs to perform the relevant record-keeping, transaction-processing, and investor-service functions.
The RTA must comply with the applicable SEBI regulatory framework. SEBI maintains a recognised intermediary list, and as of 25 September 2026, its public register showed 78 registered RTAs.
The appointment allows the issuer or mutual fund organisation to use specialised infrastructure for investor servicing instead of managing every operational function internally.
Which companies provide RTA services?
CAMS and KFin Technologies are prominent RTA service providers in India's mutual fund ecosystem. The original page identifies both as examples of RTA providers.
The relevant RTA for your investment depends on the AMC and the scheme. You should therefore check the scheme or AMC's official investor-service information rather than assuming that every mutual fund uses the same RTA.
When might you need to contact an RTA?
You may need RTA support when an issue relates to the administration or records of your investment rather than the fund manager's investment decisions.
Common situations include:
- You Need a transaction or capital gains statement.
- You Need to check or update eligible investor details.
- You Have a query about a folio or transaction.
- You Need to submit an eligible SIP, STP, or SWP-related request.
- You Need assistance with nomination, transmission, or folio-related servicing.
- You Notice an inconsistency in your investor records.
For instance, an STP in a mutual fund involves scheduled transfers between schemes. If you need to modify or cancel an eligible instruction, the relevant transaction-servicing channel may involve the RTA.
Do RTAs provide investment advice?
No. An RTA's core function is administrative and operational. It does not replace an investment adviser or fund manager.
An RTA can process your transaction or servicing request, but decisions about whether a mutual fund suits your objectives, risk tolerance, asset allocation, or investment horizon require separate evaluation.
The same distinction applies when dealing with other investment structures. For example, an Alternative Investment Fund (AIF) or Portfolio Management Service (PMS) has its own investment and operational framework.
What should you remember about RTAs?
RTAs form an important operational layer between financial institutions and investors. They maintain records, process eligible transactions, provide statements, and support investor-service requests.
They do not manage mutual fund portfolios or determine investment strategies. Understanding this distinction can help you approach the right party when you have a query about an investment.
For broader portfolio decisions, investors should consider factors such as their objectives, risk profile, investment horizon, and asset allocation rather than treating administrative servicing as investment advice.
Last reviewed: September 2026
Mutual funds are subject to market risk. Please read the scheme-related documents carefully before investing.
Explore Investment Tools
Articles and Insights
Frequently Asked Questions
Understanding RTAs
Investor services and KYC
RTA, AMC, and appointment
What does RTA mean in India?
RTA stands for Registrar and Transfer Agent. In India, RTAs are regulated intermediaries that perform functions such as maintaining investor and security-holder records, processing eligible transactions, supporting transfers and transmissions, and handling investor-service requests on behalf of companies and mutual funds. SEBI currently regulates Registrars to an Issue and Share Transfer Agents under the 2025 regulations.
What is the difference between RTA and AMC?
An AMC manages mutual fund schemes and makes investment decisions according to each scheme's stated objective and mandate. An RTA mainly handles record keeping, transaction processing, investor servicing, and related administrative functions. In simple terms, the AMC manages the investments, while the RTA supports the operational records and investor transactions.
What is an RTA of a mutual fund?
A mutual fund RTA is a service provider that performs administrative and investor-record functions for a mutual fund. It may maintain folios, process purchases and redemptions, update investor records, generate statements, and handle eligible service requests. The RTA supports the fund's operations but does not make the scheme's investment decisions.
Who appoints RTA in India?
Companies, issuers, and mutual funds can appoint registered RTAs to perform specified administrative and investor-service functions on their behalf. In the mutual fund context, the RTA is engaged to support fund operations such as transaction processing, record maintenance, and investor servicing. SEBI identifies RTAs as service providers appointed by companies and mutual funds.
Can investors update their KYC details through a Registrar and Transfer Agent?
Yes, investors can update eligible KYC details through a mutual fund Registrar and Transfer Agent (RTA), subject to the applicable process and documentation. RTAs facilitate requests such as changes to contact details and other investor information and process them as per regulatory requirements.
How do RTAs help investors with mutual fund account statements and transaction records?
RTAs maintain investor and transaction records for the mutual fund schemes they service. They can provide account statements and transaction-related information, helping investors track purchases, redemptions, switches, dividends and other transactions associated with their mutual fund investments.
Disclaimer
Bajaj Finance Limited ("BFL") is registered with the Association of Mutual Funds in India ("AMFI") as a distributor of third party Mutual Funds (shortly referred as 'Mutual Funds) with ARN No. 90319
BFL does NOT:
(i) provide investment advisory services in any manner or form.
(ii) carry customized/personalized suitability assessment.
(iii) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.
In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on As-is basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme/Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities forming part of the Mutual Fund. The NAV will inter-alia be exposed to Price/Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other/better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.
Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.
Disclaimer on Risk-O-Meter:
Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc, and shall also consult their Professional advisors, if they are unsure about the suitability of the scheme before investing.
Disclosure: Bajaj Finance Limited (BFL) is a distributor of Mutual Funds with ARN - 90319 and distributes mutual funds of Bajaj Finserv Asset Management Limited (BFSAMC). BFL receives commission towards distribution of mutual fund products. BFSAMC is a group company of BFL, carrying business on arm’s length basis without any conflict of interest and in accordance with the prevailing law / regulation.
Disclaimer
Bajaj Finance Limited ("BFL") is an NBFC offering loans, deposits and third-party wealth management products.
The information BFL contained in this article is for general informational purposes only and does not constitute any financial advice. The content herein has been prepared by BFL on the basis of publicly available information, internal sources and other third-party sources believed to be reliable. However, BFL cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed.
This information should not be relied upon as the sole basis for any investment decisions. Hence, User is advised to independently exercise diligence by verifying complete information, including by consulting independent financial experts, if any, and the investor shall be the sole owner of the decision taken, if any, about suitability of the same.
Disclaimer
Mutual Fund SIP calculator may provide potential investors an approximate estimate on the maturity amount of the monthly SIP, purely based on mathematical calculation of the projected annual return rate selected by investor. However, such calculation does not factor the actual performance by the Asset Management Company (AMC) and should not be treated as any advice or assurance about the actual return of investment. Mutual Funds do not have a fixed rate of return and it is not possible to predict the rate of return. Please note that the SIP calculator are for illustrations only and do not represent actual returns which may vary depending on various factors including but not limited to actual performance, expense ratio, taxation, exit load (if any), etc.