Ch.6 · Distributor Commission Structure · medium
What is MF Utility (MFU)?
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EXPLANATION
MF Utility (MFU) is a shared services platform promoted by the mutual fund industry (AMFI). Investors get a Common Account Number (CAN) that allows them to transact across multiple AMCs using a single platform. Distributors can also use MFU to manage client portfolios across AMCs.
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