Sahare Wealth · MF Utility (MFU)
One account for all your mutual funds
Get a Common Account Number (CAN) on MF Utility and invest across participating fund houses with one form and one payment. Sahare Wealth, Nagpur helps you register, link your existing folios and transact.
- One CAN for all your folios
- Many fund houses, one payment
Why get a CAN
Simpler investing across fund houses
A CAN is a single reference for your mutual fund investments with all fund houses that participate in MF Utility.
One account number
Your personal, bank and nominee details sit under one CAN instead of separate records with every fund house.
One form, one payment
Invest in several schemes across different fund houses with a single transaction and a single payment.
Existing folios linked
After approval, MFU automatically maps your existing folios to the CAN, usually within 2–3 days, and emails you the list.
Update once
Bank and nominee changes made through MFU apply to all folios mapped to your CAN.
Flexible payments
Pay by Net Banking, UPI or NEFT/RTGS, and set up UPI AutoPay for your SIP instalments.
Track online
See your orders and unit balances, and raise and track complaints on mfuonline.com or the MFU mobile app.
Get started
Create your eCAN in 5 steps
Do it yourself on MF Utility, or send us your details on WhatsApp and we'll register it for you.
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Check that your KYC is complete
eCAN is currently available for individual investors whose KYC is already registered with a KRA.
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Fill in your details
Holding type, PAN, name and date of birth, contact details, bank account, nominee, and additional KYC and tax-residency (FATCA) details. Your date of birth, mobile number and email must match your KYC records exactly.
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Upload all proofs in one go
Bank proof is mandatory. Upload everything together: documents can't be added once MFU has verified the CAN.
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Confirm and get approved
A provisional CAN is issued right away. If we register for you, MFU emails you a link to review your details and confirm with an OTP. MFU then verifies and approves the CAN.
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Set up online access
Create your login on mfuonline.com to invest, redeem and track your investments online.
What you can do
Transactions on MF Utility
Once your CAN is active, you can place these transactions online or through us.
Lumpsum purchase
Invest in one or more schemes across fund houses in a single order.
SIP
Start regular monthly investments, with UPI AutoPay for automatic payments.
Redemption
Redeem units; each fund house pays the proceeds to your registered bank account.
Switch
Move money between schemes of the same fund house.
Scheduled plans
Schedule purchases (SPP), redemptions (SRP) or switches (SSP) for future dates.
Service requests
Update bank and nominee details at CAN level, and lodge and track complaints.
Switches between different fund houses are not possible on MF Utility.
Guides
Step-by-step guides
Illustrated PDF guides from MF Utility that walk through each process screen by screen.
Account setup
Invest
Questions
Frequently asked questions
What is MF Utility?
MF Utility (MFU) is a common platform, run by MF Utilities India Pvt Ltd, for transacting in mutual funds across participating fund houses using a single Common Account Number (CAN).
Who can create an eCAN?
Currently, individual investors whose KYC is complete. Your date of birth must exactly match your KYC records, otherwise the registration fails.
My KYC isn't done. Can I still get a CAN?
Not through eCAN, because KYC is compulsory. MFU can complete KYC together with a physical CAN registration. Message us and we'll help you with it.
How long does approval take?
When all details and proofs are complete and correct, usually within one business day. Missing proofs, incorrect data, or delays in KYC or folio data can slow it down.
Can I invest before my CAN is approved?
Yes, in new folios. After you upload your proofs, you can place a purchase with the provisional eCAN. Existing folios can be used once they are mapped to your CAN, which normally takes under 48 hours after approval.
What happens to my existing mutual fund folios?
They stay with the fund houses. After your CAN is approved, MFU maps matching folios to it automatically, based on your PAN and holding pattern, and emails you the list of mapped folios.
More answers on MFU's official eCAN FAQs (opens in a new tab) and Investor FAQs (opens in a new tab).