MF UTILITY

MF Utility (MFU) is an innovative “Shared Services” initiative by the Mutual Fund industry under the aegis of Association of Mutual Funds in India (AMFI), which acts as a “Transaction Aggregation Portal” through which a Mutual Fund customer is enabled to transact in multiple schemes across Mutual Funds using a single form/payment.

FEATURES OF MF UTILITY

MF Utility (MFU) provides a whole lot of features to the Mutual Fund customers like:-

  • Provides Common Account Number (CAN) facility to Investors
  • Facilitates KYC registration through KYC Registration Agencies (KRAs) for CAN creation
  • Provides standardization of forms, processes and MIS across the industry
  • Provides multiple modes of access and transaction submission options
  • Provides broad and neutral Points of Service (POS) footprint for enhanced coverage
  • Enables transactions through a common transaction form
  • Enables single payment for multiple scheme investments across various Mutual Funds
  • Accepts payments through various physical and electronic modes
  • Provides CAN based consolidated view of investments across the industry
  • Provides industry level alerts, triggers, reminders etc.
  • Provides a centralized complaint management and tracking system

COMMON ACCOUNT NUMBER (CAN)

CAN (Common Account Number) is an industry level Folio allotted by MF Utility (MFU) to an investor.

Using a CAN, the investors will be able to submit single request for multiple transactions in various schemes across Mutual Funds using a single form/payment.

Click here to download Common Account Number (CAN) Registration and Transaction Forms for Individual and Non Individual

POS (POINT OF SERVICE)

POS (Point of Service) is a front-office facility offered by MF Utilities India Pvt Ltd (MFUI) in various locations across the country to enable Mutual Fund customers to submit their transactions An MFUI POS will accept transactions across Mutual Funds participating in MFU.

Click here to view the list of MFU Points of Service.

For more Information about MF Utility visit https://www.mfuindia.com/