Benefits of Common Account Number(CAN)

CAN is a single Account Number issued by MFU created only once for a unique combination of

  • Number of investors
  • Order of Holding
  • Mode of Holding
  • Social Status, etc

Click here to find out various options available to create a Common Account Number (CAN).

Upon creation, the existing folios of the Investors across the participating Mutual Funds, that are matching the CAN criteria will get mapped, thereby providing a consolidated view of all the investments across the participating Mutual Funds

CAN will hold centrally for the industry, the information like:

  • Investor Name(s)
  • KYC Status
  • Income Details
  • Mode of Holding
  • Nomination
  • Nationality
  • Tax Status
  • Contact details of the primary holder
  • Multiple Bank Accounts registered at CAN level
  • Depository Account details
  • Power of Attorney, if any
  • Guardian Information for minor applicant
  • FATCA, UBO & OECD related details etc.

CAN helps the investors to update changes in one place, thereby making account maintenance very convenient.

CAN will facilitate Investors to transact in multiple schemes across Mutual Funds participating in MFU using a Common Transaction Form (CTF) and making a single consolidated payment (for purchases). Availability of CAN eliminates the need of filling up an Account Opening Form every time the Investor transacts in a new Mutual Fund. Duplication of processes / documentation is eliminated, thereby reducing administrative botheration.

CAN will facilitate registration of one debit Bank Mandate (PayEezz) for multiple SIP registrations using a Common Transaction Form (CTF) in schemes across Mutual Funds participating in MFU.

*** YES Bank system will be down on Saturday 7th December 2024 and Monday 9th December 2024 from 12.00 AM IST to 06:00 AM IST due to their scheduled maintenance activity. During this period DO NOT INITIATE fund transfer via NEFT, RTGS and InstaUPI mode as the payment may get delayed.*** With a view to improve performance and enhance the high availability of MFU System, it has been decided that transactions older than the previous Financial Year i.e., transaction data prior to 1st April 2022 will be archived on 18th April 2023. * * * “If you have any dispute against a listed company and or its Registrar and Share Transfer Agent (RTA) on delay or default in processing your request, as per SEBI circular dated 30.05.2022, you can file for arbitration with Stock Exchange.” For more details, please see the web links of the stock exchanges: BSE - http://tiny.cc/m1l2vz NSE – http://tiny.cc/s1l2vz * * * Please ensure to validate your Nomination Details registered under CAN. Click here to complete the validation if not already done. * * * Please ensure to verify your Contact Details registered under CAN. Click here to complete the verification if not already done. * * * Check out the Videos about MFU and the features offered. * * * Explore the new and improved Schedule Transactions feature using which you can register a Scheduled Purchase Plan (SPP), Scheduled Redemption Plan (SRP) and Scheduled Switch Plan (SSP) * * * Download the MFU Mobile App Distributor Mobile App goMF available for Android and IoS * * * Use the Connect menu on the top menu bar to lodge a Complaint / Query / Feedback. * * * MPIN / Touch ID based authentication is now enabled on the goMF app. Please update the App to start using this feature.