How-to folio merge MF aggregation

How to merge multiple mutual fund folios (cross-AMC and same-AMC)

From WebNotes, a public knowledge base. Last updated 19 May 2026. Reading time ~5 min.

Key facts

Same-AMC merge	Operational consolidation; tax-neutral (per how-to-consolidate-folios-same-amc)
Cross-AMC merge	Not possible technically; only aggregation via MFU / MF Central
Aggregation tools	MFU eCAN, MF Central, Coin / Groww / Kuvera (limited)
Tax impact	Aggregation is view-only; no tax event

Merging multiple mutual fund folios has two distinct meanings: true physical merger within same AMC, and aggregated view across AMCs via tools like MFU and MF Central. The first is an AMC-side operation; the second is a tooling decision.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC, RTA, or platform. No affiliate commission is earned.

Step-by-step procedure

See the procedure infobox above.

Merge vs Aggregate

Concept	Same-AMC merge	Cross-AMC aggregate
Physical change	Yes (folios combined)	No (folios stay separate)
Tool	AMC’s consolidation request	MFU, MF Central
Output	Single folio per AMC	Single login view across AMCs
Operational	Transactions on combined folio	Transactions still per individual AMC
Tax	Tax-neutral	No event

Use case selection

Goal	Solution
Reduce folio count at one AMC	Same-AMC merge (per how-to-consolidate-folios-same-amc)
Single login across AMCs	MF Central (free) or MFU
View portfolio across platforms	MF Central or AMC-direct aggregation
Multi-AMC tax reporting	CAS (CAMS+KFin combined)
Family aggregation	MFU’s eCAN family feature; or separate accounts per member

MFU eCAN

MFU’s eCAN (Common Account Number) creates a single ID linked to multiple folios across AMCs. Setup requires:

KYC verification.
Bank linking.
5-10 working days for eCAN issuance.
Annual maintenance fee (~Rs 295 + GST).

After eCAN: single login, cross-AMC transactions, family aggregation.

MF Central

MF Central is the joint CAMS+KFin initiative (2021):

Free (no fee).
PAN + OTP signup instant.
Auto-fetches folios across CAMS + KFin AMCs.
Single dashboard.

For most retail investors, MF Central is simpler and free.

Limits of cross-AMC aggregation

Aggregation is view-only; underlying folios remain at AMCs.
AMC-specific features (e.g., specific scheme variants) still need AMC portal.
Some pre-PAN or RTA-mismatched folios may not auto-fetch.
Aggregated XIRR may differ slightly from per-folio XIRR due to FIFO assumptions.

When physical merger isn’t needed

If you can manage multiple folios.
For audit trail / goal separation reasons.
For family-member-specific folio tracking.
If AMC doesn’t support consolidation.

In these cases, aggregation provides the practical benefit without operational complexity.

External references

References

SEBI (Mutual Funds) Regulations, 1996.
SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993.
AMFI Best Practice Guidelines on folio management.
MFU and MF Central platform documentation.

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 19 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.