Folio Based TransactEezz is a feature using which, Distributors and RIAs will be able to initiate electronic Folio based transactions (without opening a Common Account Number) and upon approval by the respective investors, the transaction will be taken forward for further processing.

Yes. For all those clients who has not opened a CAN in MFU you can initiate electronic transactions for that client.

The transaction approval message will be sent to the email address and mobile number that is registered in the folio.

In the following cases, system will throw an error message and transactions cannot be submitted under this feature:

1. Non Individual Folios are not supported.
2. Folios with multiple holders with holding mode as “Joint” are not supported.
3. Both email id and mobile number shall exist under the given Folio. Folios where either Mobile Number or email id is not registered are not supported.
4. Folios where PAN is not available for any of the holder are not supported.

For the purpose of the above validations, MFU System depends on the RTA system and for whatever reason if the RTA system doesn’t respond for such requests, the transaction cannot be put through.

ALL OTHER TERMS AND CONDITIONS AS APPLICABLE TO TransactEezz will apply.

Purchase, Redeem and Switch are the transaction types supported.

Yes.

No.