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What is mfu?


Asked By: Zara Goyal



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M.Sc., B. Eng. (Mech) & Minor in Technopreneurship, National University of Singapore Quality Assurance San Diego United States


MF Utility (MFU) is an innovative initiative of the Mutual Fund Industry which offers convenience and empowers the investors of Mutual Fund schemes. MF Utility acts as a Transaction Aggregation Portal through which a distributors or investors can submit transactions in multiple schemes across Mutual Funds. MFU is a free of cost facility for the Distributors / RIAs signing-up with MFU. MFU is a shared infrastructure of the AMCs in India to reduce duplication and increase efficiency, thereby, reducing costs and provide customer convenience. MFU Online provides a single platform to access different mutual fund schemes across various fund houses and allows investments both in the. What is MF Utility? It's a 'shared services' initiative by Amfi subsidiary MF Utilities India.

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