MF Utility is a mutual fund transaction portal jointly run by 25 AMCs. From today, 1st Jan 2016, investors can use its online transaction portal to invest in direct mutual funds.
Instructions for how to go about this can be found here: MF Utility Online Platform is operational!
Here some screenshots of the transaction portal taken by Ravi Pathak.
Ravi says, "main page includes zero balances mutual fund holdings as well". So if you are an 'experienced' mutual fund investor, expect to see a lot of entries here!
Ravi says, "After clicking proceed it ask for depositary details and if one wants fund in demat form, in payment page total of all transaction recorded is asked for payment. In image example Rs 1500 was final payment combined for both funds.
Ravi says, "This is redemption page. Multiple redemptions allowed in 1 go just like purchase. Overall good feature which was missing in mycams or karvy".
Wish you all a happy and healthy 2016.
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