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Mutual Fund Utilities (MFU)
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Contents
What is MFU
MFU or Mutual Fund Utilities is a company formed by some asset management companies who came together to offer a single login to transact across various mutual fund schemes offered by them.
So with a single login, you can get a snapshot of all your investments and make transactions within them.
How to check eCAN status?
Stat by visiting https://www.mfuindia.com/eCANFormFill
Type in ur email ID & click look up.
U will get a verification code on ur email id.
Type in this code in the verification box & click verify.
Then u will get a new screen with your CAN details.
Under 'Actions' column, click the right most icon to check status of ur ECan...
My MFU CAN number is generated. What next?
After the generation of the CAN number, MFU will automatically send an email in about 24 - 48 hrs of generation of the CAN Number. The email will give you instructions on creation of your MFU Login.
However, if you have not received it, send an email mentioning your CAN Number to [email protected]
The email that they send will contain a link to create your MFU Login. This link will be valid for 24 hrs only.
If you have not received the login link email even after sending the email, after 4 to 5 days, call the customer care and connect to Technical Section for the link regeneration.
Mapping folios created outside MFU
If you created a MF Folio manually outside MFU after creation of the MFU Login id, here are steps to get it mapped to your MFU:
Have to call & inform MFU to map once new folio is created directly thru AMC website. N also hv to raise a complaint request using the 'connect' option in MFU website.
AMFI requests SEBI to make MF Utilities a market infrastructure institution
AMFI has approached SEBI requesting to make MF Utilities a market infrastructure institution for the mutual fund industry, said three people familiar with the development. If SEBI recognises MF Utilities as the market infrastructure institution, all the transactions in mutual funds will go through a single gateway i.e. MF Utilities. The platform has to provide guaranteed clearing and settlement functions for transactions in mutual funds. This will lead to significant improvement in the transaction efficiency, transparency, liquidity and risk management practices in mutual funds along with added benefits like reduced settlement and operational risk and savings on settlement costs, says a CEO of a private fund house.
Source: Wise Money dated 2 - 5 October 2017
MF Utilities Website Review
Overall Experience
- Does the website appear to be designed as per latest technologies? Yes
Information display
- Does the website allow display of information across all folios at a single glance? Yes
- Does the website allow display of information across individual folios at a single glance? No
- Does the website allow display of information across all CANs at a single glance? Yes
- Does the website allow display of information across CAN at a single glance? Yes
Related Lessons
- Starting a SIP with MFU
- List of Mutual Funds with MFU
- List of Mutual Funds serviced by CAMS
- Mutual Fund Websites
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