Fee based Mutual Fund Account
MF Utility (MFU) is an innovative "Shared Services" initiative by the Mutual Fund industry under the aegis of Association of Mutual Funds in India (AMFI), which acts as a "Transaction Aggregation Portal" through which we offer you a convenience to enable for investing in Direct Mutual Fund schemes for our specified valued clients . We facilitate our clients with online access to submit their transactions thereby improving the service capability of us by providing efficiency in handling transactions at their back office with substantial cost savings and also a potential for extended internal cut-offs.
MFU provides a 24x7 universal online access across Direct Mutual Funds with improved visibility to our clients with regard to the subscription and redemption requests of our clients, improved MIS and access to validated information and content.
It provides browser based access to us for our valued clients, with connectivity to Registrars and Transfer Agents (RTA), Banks, Asset Management Companies (AMC), Payment Gateways (PG) and KYC Registration Agencies (KRAs) and enables online transaction submission in Direct Plans across Mutual Funds through a single form/payment.
MFU facilitates our clients with a Common Account Number (CAN) which enables them to transact in multiple schemes of various Direct Mutual Funds participating in MFU through a single transaction and consolidated payment. This reduces the duplicity of efforts for our clients and we themselves as we essentially advise our clients to diversify their investments across Direct Mutual Fund schemes.
Since, there is no commission involved under Direct Plan, we charge an agreed fee for your login and Online Wealth Magic System for getting consolidated view of all direct plan mutual funds portfolio. Those who understand and well versed about Direct Plan Mutual funds schemes, can make arrangement with us by an written agreement to pay a fee to invest into these schemes.
Check our offerings and Fee structure.