Thanks to Narendra Bhongale, there is now clarity on when investors can invest online in MF Utility after getting the common account number (CAN) . He was kind enough to attach the response from the MFU team in his comment to yesterday’s post. It is reproduced as is, below.
We thank you for writing to us.
Please be informed that the transaction facility using a Common Transaction Form (CTF) will be available from 4th March 2015. This Common Account Number (CAN) allotted, will enable you to transact in multiple schemes of various Mutual Funds participating in MFU by submitting the physical CTF to your distributor / MFU Point of service (POS) location post 4th March 2015.
Online transactions for investors will be initiated in Phase II which will be 4-6 months post launch of Phase I. Log-in id will be issued prior to the commencement of online transactions.
For any further clarification/ information, please feel free to call us 022 39526363 or write to us at.
Thanks & Best Regards,
MF Utilities India Pvt. Ltd.
103-105, 1st Floor Orion Business Park,
Ghodbunder Road, Kapurbawdi,
Thane (West) – 400 607.
Ph. 022 – 395 26363
This means one cannot get a consolidated view of holdings until Phase II is initiated.
While this is disappointing, I don’t think this will affect existing direct plan investors much.
Suggest you apply for CAN now, when you can spare the time. Let the login facility arrive when it does.