A common account number (CAN) is a unique number allotted to investors for their mutual fund investments across fund houses. Transactions can be carried out on the MF Utilities (MFU) platform using CAN across mutual fund houses through a single instruction. It is now possible to obtain a CAN online. This facility cuts down the need to submit the application physically and thus makes the process easier and faster.
Link
The investor can access the following link to fill up an E-CAN form: https:http:www.mfuindia.com eCANFormFill The user is required to enter his email id to generate an online form.
Details
The investor has to provide primary holder details such as name, date of birth, PAN, Aadhar number, contact details and additional KYC details. Bank account details also must be filled for linking bank accounts to the CAN. Third, the investor can make a nomination using the e-CAN registration form. Up to three nominees can be added and the share of each can be specified.
Upload documents
Once details are submitted, a temporary CAN is generated and conveyed to the investor on his email id. The e-CAN allotment email contains a link where one can upload documents for processing the application further. The investor is required to upload a scan of an approved identity document and an approved document for bank account (cancelled cheque passbook statement letter from the bank).
Verification and confirmation
Once the documents are uploaded, the MFU will verify the documents and if found in order, send a confirmation email for successful registration of CAN. All existing investments of the investor with the same name, mode of holding and tax status will be mapped to the CAN. The investor can now register and access MFU online portal for carrying out transactions.
This facility is currently available for individuals only.
Alternatively, CAN can be obtained by submitting a physical application to any of the POS of MFU.
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