MFU account statement
The MFU account statement is an investor document issued by MFU India Private Limited (formerly Mutual Fund Utilities India) for investments and transactions executed through the MFU platform using a Common Account Number (CAN). MFU is an AMFI-promoted shared transaction processing platform that allows investors to transact in mutual fund schemes across multiple AMCs using a single CAN identifier, without the need to open separate folios with each AMC directly.
The MFU account statement reflects all transactions – purchases, redemptions, SIP instalments, switches – placed through the MFU channel and consolidates them across participating AMCs.
About MFU India
MFU India was established in 2012 as a not-for-profit utility promoted by AMFI with the objective of providing a shared infrastructure for mutual fund transactions, reducing costs for investors and distributors. All SEBI-registered AMCs are participating members. MFU’s primary platforms are:
- mfuonline.com: The investor-facing portal where investors with a CAN can transact and view statements.
- MFU CAN: The unique investor identifier (a 14-digit alphanumeric number) that links an investor to all MFU-routed folios across AMCs.
The CAN and its role in the statement
A CAN is essentially a wrapper identity that links the investor’s KYC, bank mandate, and all MFU-routed folios. The MFU account statement is organised around the CAN rather than individual AMC folios, giving investors a cross-AMC view within the MFU universe.
A single investor may have:
- A CAN-linked portfolio for transactions placed via MFU
- Separate folios with the same or other AMCs for transactions placed directly with those AMCs or through other platforms
The MFU account statement covers only MFU-routed transactions. For a complete view of all holdings, investors must also obtain a CAS from CAMS or KFintech, which covers all folios regardless of transaction channel.
Contents of the MFU account statement
The MFU account statement includes:
- CAN number and investor name
- KYC-verified PAN and contact details
- Bank mandate details (primary and secondary bank accounts registered under the CAN)
- AMC-wise folio summary: scheme name, plan, option, units held, current NAV, current value
- Transaction history: date, AMC, scheme, transaction type, amount, NAV, units, and cumulative balance
- Active SIP/STP/SWP mandates registered via MFU
- Total portfolio value across all CAN-linked folios
Accessing the MFU account statement
- Log in to mfuonline.com using CAN and password.
- Navigate to “Account Statement” under “Reports”.
- Select the date range and the type of statement (detailed transaction history or portfolio snapshot).
- Download the PDF. Password for the PDF is the CAN in uppercase or the registered PAN in uppercase, depending on the generation mode.
Alternatively, investors may e-mail servicerequest@mfuindia.com from their registered e-mail to request a statement.
Differences from RTA-generated statements
| Feature | MFU statement | CAMS / KFintech CAS |
|---|---|---|
| Coverage | Only MFU-routed transactions | All transactions across all channels |
| Identifier | CAN | PAN |
| AMC coverage | All participating AMCs, but only CAN-routed folios | All AMCs and all folios linked to PAN |
| Capital gains computation | Not provided | Available as separate capital gains report |
| Use for ITR | Supplementary (not standalone) | Primary source |
Limitations of the MFU statement
The MFU account statement does not compute capital gains and is not accepted as a standalone ITR-support document. For tax filing, investors must obtain the ITR-ready capital gains statement from CAMS, KFintech, or MFCentral. Additionally, investors who transacted directly with AMCs or through other platforms will not see those transactions in the MFU statement.
Transition to MFCentral
Following the launch of MFCentral in 2021 as the joint investor portal of CAMS and KFintech, many of the functions previously unique to MFU (cross-AMC transaction portal, consolidated statement) are now available on MFCentral with broader coverage. Some investors continue to use MFU for its SIP mandate management and institutional distributor workflow features. MFU and MFCentral operate as parallel platforms; the MFU account statement remains a valid investor document for CAN-linked portfolios.
CAN creation and maintenance
Creating a CAN
A new investor creates a CAN on mfuonline.com by completing an online registration form with PAN, KYC details, and bank mandate details. The process involves:
- Completing the MFU registration form online or through a CAN Service Centre (CSC) operated by MFU at select locations.
- Providing a NACH (National Automated Clearing House) mandate for the bank account to be debited for SIP instalments and lump-sum purchases.
- Verifying identity through Aadhaar OTP or by submitting physical KYC documents at a CSC.
- Receiving the CAN via e-mail and SMS once the registration is processed (typically within one to three business days).
Linking existing folios to a CAN
An investor who already holds folios with various AMCs (direct folios or distributor-routed folios) can link those existing folios to their CAN. Once linked, future transactions placed through the MFU portal on those AMC schemes will be directed to the linked folio, and the MFU account statement will include those folios.
However, linking a folio to a CAN does not migrate historical folio transactions to the MFU statement. Historical transactions in that folio remain accessible only through the AMC or the RTA (CAMS or KFintech).
MFU statement vs MFCentral
MFCentral (mfcentral.com), launched in 2021, has partially overlapped with MFU’s functionality:
| Feature | MFU (mfuonline.com) | MFCentral (mfcentral.com) |
|---|---|---|
| Cross-AMC transactions | Yes (via CAN) | Yes (via PAN-linked folios) |
| CAS download | Yes (CAN-linked folios only) | Yes (all folios linked to PAN, both CAMS + KFin) |
| Capital gains statement | No | Yes |
| SIP mandate management | Yes (NACH-based) | Yes (NACH-based) |
| Institutional distributor support | Strong | Growing |
| KYC update | Yes | Yes |
For retail investors primarily interested in a consolidated portfolio view and capital gains computation, MFCentral is now the more comprehensive portal. MFU retains strengths in institutional distributor workflows and in providing NACH mandate infrastructure for AMCs that have integrated their SIP processing through MFU.
MFU for distributors
MFU is used extensively by mutual fund distributors (IFAs and distribution firms) because it allows them to manage client portfolios across multiple AMCs from a single interface. Distributors can place bulk transactions (e.g., SIP registrations for multiple clients in one batch) through MFU’s BO (Back Office) platform. The MFU account statement is therefore familiar to investors who work with an IFA that uses MFU for portfolio management.
Regulatory standing of MFU
MFU India Private Limited is not an RTA (Registrar and Transfer Agent) and is not an SEBI-registered entity in the RTA capacity. It is a transaction aggregator and infrastructure provider. The actual folio records, unit balances, and account statements for MFU-routed transactions are maintained by the underlying RTAs (CAMS or KFintech), as each AMC chooses its own RTA. MFU’s account statement is a derived representation of the same data.
See also
- Consolidated Account Statement (CAS)
- CAMS mutual fund account statement
- KFintech mutual fund account statement
- ITR-ready capital gains statement
- AMFI – Association of Mutual Funds in India
- Mutual fund
References
- MFU India Platform documentation, mfuonline.com (accessed May 2026).
- AMFI circular on MFU establishment and CAN framework (2012).
- SEBI circular SEBI/HO/IMD/DF2/CIR/P/2021/024, 4 March 2021.