How investors can obtain Mutual Fund Utilities eCAN

The MF utilities platform allows investors to view their fund holdings in one place. It also allows investors to transact in these funds from one place. A unique common account number is required for this facility.

Investors can use eCAN to submit all data and create a CAN instantly using the MFU website https://www.mfuindia.com/eCANFormFill.

• Conditions

The investor should be KYC compliant through any existing KYC registration agencies (KRA) or CERSAI (CKYC) to be able to use the e-CAN facility. Another condition is that the investor should be an existing investor in any of the AMCs participating in MFU platform.

• Process

On visiting the above link, the investor must click on “New form”. An existing partially filled application can be retrieved by entering email id or mobile number of the investor. Investor’s tax status (resident/non resident/ sole proprietor etc), identification information such as name, date of birth, PAN, Aadhaar ID, income details, FATCA details, bank details such as account number, MICR, IFSC code, nomination details, need to be filled up.

• Submission

One can save the form or click on the “Submit for eCAN” button. Once submitted, the system will highlight validation errors that can be rectified and re-submitted.

• Document upload

Next, the investor can click on "Completely Electronic" mode for CAN creation. A provisional CAN shall be generated. The following self attested documentary proofs can then be uploaded.

• PAN/PEKRN
• Bank statement or cancelled cheque or letter from bank manager
• Necessary documents pertaining to FATCA/CRS as may be required

The CAN will be approved and activated for further transactions, after necessary validations /verifications at the MFU office.

Points to note

• The portals allows a pre-defined time limit of 15 minutes to fill up the form, after which it may get timed out. It is important to save details already filled up in the form to be able to retrieve it at a later time.
• Investors also have the option to physically fill and submit CAN application form at designated POS.

(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)