Mutual Fund Utility on WebNotes

How to invest in PPFAS schemes via MF Utility

Sun, 17 May 2026 00:00:00 +0000

Mutual Fund Utility (MFU) at mfuindia.com is the AMC-owned-and-operated transaction platform, run as a cost-recovery utility rather than a commercial intermediary. It is structurally distinct from both AMC-direct portals like SelfInvest and from the joint-RTA MF Central . MFU’s distinctive piece of architecture is the Common Account Number (CAN), a single identifier that aggregates all your holdings across every participating AMC under one record. PPFAS is an MFU-participating AMC, so all seven schemes transact through the CAN.

Mutual Fund Utility

Sat, 16 May 2026 00:00:00 +0000

The Mutual Fund Utility (MFU), operated by MF Utilities India Private Limited and accessible at mfuindia.com, is an industry-utility transaction platform that enables investors and distributors to transact in mutual fund schemes across all participating Indian asset management companies (AMCs) using a single Common Account Number (CAN). MFU was promoted by the Association of Mutual Funds in India (AMFI ) and is owned by a consortium of the participating AMCs, structured as a non-commercial industry utility rather than as a commercial venture. The platform was launched in 2015 after several years of industry deliberation and was operational across the major AMC participants by 2016. It now serves as one of the foundational pieces of transaction infrastructure in Indian mutual fund distribution , alongside the registrar-direct portals (CAMS Online , KFinKart), the joint RTA investor portal (MF Central ), the exchange platforms (BSE StAR MF , NSE NMF II ), and the commercial distribution platforms (Groww , Kuvera , ET Money , Zerodha Coin ).

eCAN (electronic Common Account Number)

Tue, 12 May 2026 00:00:00 +0000

eCAN (electronic Common Account Number) is the online registration process by which an investor creates a Common Account Number (CAN) on MFU (Mutual Fund Utility) using a fully digital, paperless workflow. The eCAN process allows an investor who is already KYC-compliant to register a CAN on MFU without submitting physical forms, enabling direct-plan and regular-plan mutual fund transactions across multiple AMCs through a single account identifier.

The CAN itself is the unique investor-level identifier on MFU that aggregates transactional access across all participating AMCs. The eCAN is the digital pathway to creating this CAN, as distinct from the physical CAN registration form (CRF) process that requires paper documents.