Investors can now track and manage investments in multiple mutual funds through the Mutual Fund Utilities (MFU), a shared service platform of asset management companies. To use it, an investor has to register on the MFU platform and obtain a Common Account Number (CAN). This can be obtained online or at AMC offices or POS locations.
To fill the form online, the investor must visit the following link: https:http:www.mfuindia.
The investor has to fill in information such as name, PAN, Aadhaar ID and contact details.Additional KYC and FATCA details also need to be submitted. Bank account details have to be furnished. The form also provides for registration of nomination.
Once the online form is filled and the Finish and Submit button is clicked, the pre-filled CAN form is generated. This needs to be printed, signed and submitted at any of the POS locations or AMC offices. One can also courier the form with required documents to the MFU office.
The following documents are required to be submitted along with the MFU CAN application form:
Self-attested copy of PANPEKRN
Self attested copy of bank statement or cancelled cheque or letter from bank manager
Necessary documents pertaining to FATCACRS as may be required.
Once documents are verified and processed, a unique CAN is generated. All existing investments in mutual fund folios, under the same PAN are mapped to the CAN.
Investors can carry out changes to the CAN form by accessing the form online before printing and physical submission.
One also has the option to print the form and fill it by hand or use the PDF editable format to fill the form offline after downloading it.
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Religare Tax Plan
4. DSP BlackRock Tax Saver Fund
5. Franklin India TaxShield
6. ICICI Prudential Long Term Equity Fund
7. IDFC Tax Advantage (ELSS) Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. Birla Sun Life Tax Plan
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