MF Utility

MF Utility (MFU) is an innovative “Shared Services” initiative by the Mutual Fund industry under the aegis of Association of
Mutual Funds in India (AMFI), which acts as a “Transaction Aggregation Portal” through which a Mutual Fund customer is
enabled to transact in multiple schemes across Mutual Funds using a single form/payment. MF Utility (MFU) offers the
convenience of online access to submit transactions.

MFU facilitates the investors with a Common Account Number (CAN) which enables them to transact in multiple schemes of
various Mutual Funds participating in MFU through a single transaction and consolidated payment. This reduces the duplicity
of efforts for the investors

1 WHAT IS A CAN?
CAN (Common Account Number) is an industry level Folio allotted by MF Utility (MFU) to an investor

Using a CAN, the investors will be able to submit single request for multiple transactions in various schemes across Mutual
Funds using a single form/payment.

2 WHAT IS EPAYEEZZ?
ePayEezz  is a facility offered by MF Utility (“MFU”) by which an investor can register PayEezz  electronically through
www.mfuonline.com (“MFU portal”). The investor provides a one-time instruction by electronic mode to their CAN
registered bank thereby authorizing MFU to debit the said Bank account for future subscription transactions.

3 WHAT IS THE BENEFIT OF REGISTERING FOR EPAYEEZZ?

ePayEezz  is a  One Time One Mandate from MFU. The investor needs to give the mandate one time, rather than
submitting in every fund house where they want to invest. As ePayEezz  is registered with MFU, the same mandate can be
used to make payments for Lump Sum/SIP/ Schedule Transaction / SPP subscriptions across the industry.

4 HOW TO REGISTER FOR EPAYEEZZ?

Distributors/RIAs can initiate registration for  ePayEezz for their investors. Once the request is submitted, MFU will notify the
investor via email & SMS who would be required to click on the link which will then take them forward to complete the
registration via payment aggregator / NPCI website, then the investor would be required to approve the ePayezz .

5 WHAT ARE THE VARIOUS TRANSACTIONS THAT I CAN

USE EPAYEEZZ FOR PAYMENT?
An ePayEezz  once registered can be used for making payments against any subscription such as Lump Sum purchase,
Schedule Transaction / SPP, SIP, across any fund house on the MFU Portal.

6 WHAT IS THE MAXIMUM AMOUNT LIMIT THAT CAN BE SET

UNDER EPAYEEZZ?
Current maximum permissible limit is Rs. 10,00,000/- (Rs. 10 Lakh) per mandate.

7 EXECUTING THE TRANSACTIONS USING EPAYEZZ

The Distributor while initiating a transaction, is required to choose the payment mode as Payezz, The confirmation of the
transaction would be sent to the investor via Email.
The investor would be required to approve the order placed by the distributor to complete the transaction.