November 18, 2015

MF Utility : Investing in Mutual Fund Direct Plans online

MF Utility : Investing in Mutual Fund Direct Plans online


Investing in Mutual Fund online has become paperless. Association of Mutual Funds of India (AMFI) has rolled out a facility or rather transaction platform ,MF Utilities (MFU),  through which you can invest across multiple fund houses using a common account number, in a paperless way. What is the MF Utility? How does it benefit the Mutual Fund Investor?
What is MF Utility?
MF Utility (MFU) is a shared services initiative by the Association of Mutual Funds in India (Amfi). With MF Utility, you can invest in direct plans of multiple mutual fund schemes across many fund houses using a single transaction. When you register for MF Utility you get a Common Account Number or CAN. The subscription to MF Utility is free.

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