Benefits of Common Account Number(CAN)

CAN is a single Account Number issued by MFU created only once for a unique combination of

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

Click here to find out various options available to create a Common Account Number (CAN).

Upon creation, the existing folios of the Investors across the participating Mutual Funds, that are matching the CAN criteria will get mapped, thereby providing a consolidated view of all the investments across the participating Mutual Funds

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, thereby making account maintenance very convenient.

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 (PayEezz) for multiple SIP registrations using a Common Transaction Form (CTF) in schemes across Mutual Funds participating in MFU.