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AMC News BNP Paribas MF joins MF Utility

BNP Paribas MF joins MF Utility

With the addition of BNP Paribas Mutual Fund, the AUM of the funds participating in MF Utility is close to 94% of the industry.
Team Cafemutual Jan 2, 2017

With the addition of BNP Paribas Mutual Fund, the AUM of the funds participating in MF Utility is close to 94% of the industry.

BNP Paribas MF has joined MF Utility platform, says a press release issued by MF Utility.

BNP Paribas is the 26th fund house to join MF Utility.

The release said that with the addition of BNP Paribas and the acquisition of JP Morgan by Edelweiss, the AUM of the funds participating in MF Utility is close to 94% of the industry.

“Our distributors will have more convenience like paperless transaction called TransactEezz, ability to provide login facility to their customers through Distributor Initiated Login (DIL), and various other conveniences that MFU is bringing to the table. This has been corroborated by the various international awards MFU has won in London, Kuala Lumpur, etc. We are sure, our distributors and investors will benefit from the reach that MFU offers, helping them easy access to increase penetration of our presence,” said Sharad Sharma, Managing Director & CEO, BNP Paribas Mutual Fund.

MF Utility has launched many features for distributors and investors. For instance, MF Utiity has recently launched e-CAN (Common Account Number) facility which allows distributors and investors to open a CAN online for individual investors.  

The platform recently bagged the best industry infrastructure initiative award in the financial services category at The Banking Technology Awards event held in London. 

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