Mfcentral

Mutual fund Registrar and Transfer Agents (RTAs), KFintech and CAMS, have collectively launched MFCentral - a common industry-wide mutual fund platform. The platform aims to deliver an integrated, harmonized, and elevated experience to investors across the industry. In July, market regulator Investors can avail of the services by visiting the official website of MFCentral at In the first phase of the implementation, you can avail of the following non-financial services on the MFCentral platform: • View consolidated portfolio across all mutual fund houses and RTAs • View holdings across asset class, fund house, and schemes along with scheme returns • Change e-mail ID, mobile number and update address • Add nominee details • Get a consolidated view of pending service requests and complaints lodged across AMCs in one place • Change of IDCW option • Correction of erroneous data captured in folio • Change of bank account details • Update bank IFSC • Status modification from minor to major • Update form 15G/H • FATCA/CRS declaration • Check unclaimed dividends and unclaimed redemptions In the near future, you will also be able to change your tax status (resident or non-resident), check capital gains statement, as well as place the transmission request for transfer of units to the nominee/legal heir of a deceased mutual fund investor. In the 2 nd phase, MFCentral will launch the mobile app; and in the 3rd phase, you will be able to purchase and sell mutual fund units. The mutual ...

At present, mutual fund investors face delays and have to go through too much paperwork for non-commercial transactions. Speaking on the launch, Sebi Whole Time Member Madhabi Puri Buch said that the platform is expected to enhance investors' experience with the mutual fund industry through its single window view across all mutual funds. The platform is conceptualised to go live in three distinct phases, all of which are planned to go live by the end of this calendar year. The first phase, going live today, covers non-commercial transactions (service requests of investors), financial portfolio view, and consolidated account statement amongst other features. The next two phases will see the launch of a mobility platform, financial transactions, and integration with ecosystem partners for several value-added services. MFCentral is a collaborative effort of KFin Tech and CAMS, the Mutual Fund Registrar and Transfer Agents in association with industry body AMFI. For the first time ever in the industry, MFCentral offers digital access to investor lifecycle engagement with the entire MF industry under one roof. The platform aims to render all conceivable transaction types across the industry participants in a highly automated and digitised manner. "The platform will bring about simplification in mutual funds services and reduce turnaround times, while providing safe access. Leveraging the power of digital, MFCentral provides a unified gateway for friction-less services across al...

KFin Technologies and CAMS in association with AMFI have jointly launched MFCentral (MFC) an online platform for all mutual fund services for the investors. It will provide access to all fund houses in the mutual fund industry. MFC will be launched in different phases:- • Phase 1, which was launched on 23 rd September 2021, will enable investors to do all types of non-financial mutual fundtransactions. Investors will also get a single view of their portfolio across all fund houses (asset management companies), consolidated account statement and unclaimed dividends etc. • Phase 2, will be the launch of the mobile app. All the MFC functionalities provided in Phase 1 will be available on the mobile app in Phase 2. • Phase 3 will enable investors to make online transactions (buying and selling MF units) using MFC. • Subsequent phases will provide mutual fund distributors (financial advisors) with the capability of executing these services on behalf of their clients. What are non financial transactions? Using MFC you can update your email address and phone number, change bank mandates of mutual fund folios, consolidate folios, change nominees, get your consolidated account statement etc. Nominees of deceased investors can also request transmission of units bequeathed to them through MFC. AMCs do provide these services but different AMCs have different processes. The greatest benefit of MFC is the standardization of these processes across all AMCs on a single platform. Any inves...

KFin Technologies (KFintech) and CAMS today launched MFCentral, a digital solution for mutual fund investors. The platform expects to transform investor experience with the mutual fund industry through its single window view across all mutual funds. MFCentral is a collaborative effort of KFintech and CAMS, the Mutual Fund Registrar and Transfer Agents in association with AMFI. The company claims that for the first time in the industry, MFCentral will offer digital access to investor lifecycle engagement with the entire MF industry under one roof. The platform also claims to render all conceivable transaction types across the industry participants in a highly automated and digitized manner. Some of the platform’s features include interoperability, standardized and uniform processes. Anuj Kumar, Managing Director, CAMS says, “The MFCentral platform will bring about simplification in mutual funds services and reduce turnaround times while providing safe access. Leveraging the power of digital, MFCentral provides a unified gateway for friction-less services across all mutual funds”. Aadhaar-PAN Link deadline is near again. Here’s what Income Tax Department says now In addition to a single portfolio view, the platform claims that it strives for the complete fungibility of physical and digital services. It will offer investors the added convenience of generating reports on unclaimed payments and raising service requests for non-commercial transactions (Digital and Scan based), s...

MFCentral – Tracking your mutual fund investment became easy due to MFCentral. As an investor, we make investments in mutual funds through multiple ways such as demat accounts, brokers, My CAMS as well as direct fund manager websites. For the majority of investors tracking mutual funds investment and portfolios in a single place is a challenging and time-consuming task. To solve this problem, My CAMS and Kfin Technologies have developed MFCentral. What is MFCentral? MFCentral is a unified platform for all your Mutual Fund related needs. MFCentral minimizes the need to visit multiple portals and platforms to access your mutual fund portfolio. You can view your mutual fund investments, and raise requests towards purchase, redemption, switches, and new SIPS in Open-ended schemes using MFCentral. You can also raise service requests for updating bank IFSC, updating Form 15 G/H details, and many more. MFCentral brings ease, convenience, and speed to your service requirements across all the Mutual Funds. Features & Benefits of MF Central • MFCentral will cover all your Mutual Fund Folios having the same PAN/PEKRN and Registered Mobile Number. Portfolio coverage will be offered across all such Folios in Demat or Non-Demat forms. • You can view your mutual fund portfolio – Fund house-wise & Asset class-wise details (SoA & DEMAT holdings) on this platform. You can get information about your invested value, market value, and gain/loss percentage. • MFCentral offers a facility to view...

A New world of possibilities to manage your Mutual Fund portfolio, brought to you by CAMS and KFintech. Introducing India’s First All-in-one Investment Management Platform to Transform the Mutual Fund Industry MFCentral is the investor services hub conceived by CAMS & KFintech powering a new era of collaboration by providing convenience to transact across all folios of an investor with unparalleled user experience. MFCentral is introduced as a unified platform for all your Mutual Fund related needs. This is a Mutual Fund Industry initiative to minimize the need to visit multiple industry players to access your portfolio, statements, Service Requests and investments. KEY FEATURES MFCentral will cover all your Mutual Fund Folios having the same PAN/PEKRN and Registered Mobile Number. Portfolio coverage will be offered across all such Folios in Demat or Non-Demat forms. However, Service Requests are currently restricted to only your Non-Demat Holdings that are originated using MFU (Mutual Funds Utility). Managing your service requests can’t get any simpler! My Portfolio - Fund house wise & Asset class wise details (SoA & DEMAT holdings) Service Requests: Change of IDCW Option Change/Update Email Address Change Regsitered Mobile Number Consoldiation of Folios Correction of erroneous data captured in Folio Change of Banj Account Details Multiple Bank Mandate Registration Update Nominee Details Update Bank IFSC Change of Tax Status (Resident Indian / Non-Resident Indian) Tra...