Benefits of Common Account Number(CAN)

Individual and Non Individual CAN Registration Forms are available for download. Submit the filled in CAN Registration form along with required documents at the nearest MFU POS or at MFU office.

CAN will be a single reference number issued by MFU created only once for a unique combination of

  • Number of investors
  • Order of Holding
  • Mode of Holding
  • Social Status, etc

Upon creation, CAN will map itself with the existing folios of the Investors across Mutual Funds participating in MFU, that are matching the CAN criteria, thereby providing a consolidated view of all the investments in the Mutual Fund industry.

CAN will hold centrally for the industry, the information like:

  • Investor Name(s)
  • KYC Status
  • Income Details
  • Mode of Holding
  • Nomination
  • Nationality
  • Tax Status
  • Contact details of the primary holder
  • Multiple Bank Accounts registered at CAN level
  • Depository Account details
  • Power of Attorney, if any
  • Guardian Information for minor applicant
  • FATCA, UBO & OECD related details etc.

CAN helps the investors to update changes in one place.

CAN will facilitate Investors to transact in multiple schemes across Mutual Funds participating in MFU using a Common Transaction Form (CTF) and making a single consolidated payment (for purchases). Availability of CAN eliminates the need of filling up an Account Opening Form every time the Investor transacts in a new Mutual Fund. Duplication of processes / documentation is eliminated, thereby reducing administrative botheration.

CAN will facilitate registration of one debit Bank Mandate for multiple SIP registrations using a Common Transaction Form (CTF) in schemes across Mutual Funds participating in MFU.