MF Utility launches eCAN

Going by the digital trend, to make it more convenient, MF Utility has launched the eCAN, an electronic account opening option for existing KYC compliant Individual Investors. With eCAN, investors can fill the CAN registration data online on MFU Website (www.mfuindia.com) and submit electronically. The required proof documents can also be submitted electronically, by using an upload link provided for the purpose. The CAN number will be allotted instantly. eCAN is also made available in the form of API, to enable distributors / advisors to facilitate creation of CAN for their clients online.

New Investors can also make use of the eCAN option to fill and submit the CAN registration data online to get the CAN Number allotted instantly and later submit a signed CAN form with necessary documents later to their intermediaries or at any of the MFU Point of Service (POS).

Talking about this, Mr V Ramesh, Managing Director & CEO, MF Utilities India Pvt Ltd, said, “MFU always endeavour to provide increased convenience to the distributors / clients; eCAN is another innovation. Since launch, more than 72,000 CAN requests have been processed,” says V Ramesh, MD and CEO, MF Utilities.


The Average AUM as on 31st October 2016 held by the CAN holders is close to 45,000 Crore. Currently on an average more than 300 CAN requests per day are being received. With the convenience offered by eCAN, this number is expected to grow substantially.”