Ch.6 · Distributor Commission Structure · medium
What is a Common Application Number (CAN) in mutual fund investing?
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EXPLANATION
CAN (Common Account Number) is a unique identifier issued by MF Utility (MFU) to investors. It enables investors to transact (purchase, redeem, switch) across multiple AMCs through a single platform without needing separate accounts with each AMC. It simplifies mutual fund investing through a single login.
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