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The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of HDFC Mutual Fund in any jurisdiction in which such distribution, sale or offer is not authorised. The material/information provided in this Website is for the limited purposes of information only for the investors. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of HDFC Mutual Fund to any person in the United States of America ('USA')/Canada.

By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We am/are not giving a false confirmation and/or disguising my/our country of residence. I/We agree and acknowledge that HDFC Mutual Fund/HDFC Asset Management Company Limited (HDFC AMC) is relying upon my/our confirmation and in no event shall the directors, officers, employees, trustees, agents of HDFC AMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided herein.

  MF Utility

As you are aware, MF Utility has been launched by the Asset Management Companies (AMCs) under the aegis of AMFI for the benefit of distributors and their investors.

Any distributor can take advantage of the facilities provided by MFU. Signing up with MFU is NOT MANDATORY. As long as you have an ARN, you can use the MFU form and submit to any of the Karvy / CAMS offices who are the Point of Service (POS) for MFU.

FACILITIES

Using CAN TRANSACTION FORM, your investor can submit transactions in schemes across Mutual Funds in a single form. The transactions covered are Purchase, Redemption, Switch, SIP, STP and SWP; where up to 5 transactions can be submitted in a single form across AMCs. MFU Forms are available at www.mfuindia.com/forms For this purpose, your investor/s should have opened a Common Account Number (CAN) from MFU.
CAN is a folio at the Mutual Fund industry level. Once a CAN is opened, your investor is free to invest in any Mutual Fund without any requirement to open one more Account with that Mutual Fund. You can open CAN for your customers by submitting CAN Registration Form (CRF) at any ONE of the MFU Point of Service (POS); i.e. CAMS or KARVY front offices.
Once CAN is opened, you can use a single MFU CAN Transaction Form (CTF) for your customers for making multiple transactions in schemes across Mutual Funds. There are different CTFs available for Purchases, Redemptions, Switches, SIP Registrations, STP Registrations and SWP Registrations. For the multiple SIPs Registered through a CTF, your investor need to submit only one Common Mandate.
For your customers who are yet to open CAN, you can use a single MFU Folio Transaction Form (FTF) for purchase, investments can be made in up to 5 schemes of a single Mutual Fund under an existing folio. Similarly, there are specific MFU Folio Transaction Forms (FTF) for redemptions and switches also which allow up to 5 transactions in a single form.
Distributors can submit all these forms at any ONE of the POS http://www.mfuindia.com/MFUPOS for any schemes of the participating AMCs http://www.mfuindia.com/ParticipatingAMCs, irrespective of the RTA that is serving that AMC.

Other incidental facilities:

Using MFU forms means the distributor need not hop from one office to another for submitting transactions
Using MFU forms provides a common time-stamp for all the transactions in the form. This eliminates the risk of partial scheme transactions getting today’s time-stamp and the rest the next day.
Once CAN is opened, all the existing folios of your investors will get mapped to the CAN, thereby providing a single investment view of all the investments since inception.
Single Payment can be made for the total of all investments in the single form, favouring “MFU ESCROW ACCOUNT” which will be realised as a single credit, thereby providing uniform credit availability for all investments in the form. This reduces the risk of different scheme transactions getting different NAV.
Above all, you need not carry bunches of forms of various AMCs while moving around to visit Customers. You need to carry ONLY the MFU forms which are COMMON for all the AMCs listed with us.
For further details, please visit  http://www.mfuindia.com/Distributors
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