AMFI to recapitalize MF utility

My Opinion is that AMFI should not sell MF Utilities. Instead ,it can promote to IFAs who belongs to B-30 cities.
Because, still most of the IFAs are using Physical Forms of All AMCs. But, in MFU, a single form is enough which can be used for 5 Amcs.
Apart from that, gomf App is also very easy to operate. So,MFU should be there .
I am using MFU only since, it's inception ...

My Opinion is that AMFI should not sell MF Utilities. Instead ,it can promote to IFAs who belongs to B-30 cities.
Because, still most of the IFAs are using Physical Forms of All AMCs. But, in MFU, a single form is enough which can be used for 5 Amcs.
Apart from that, gomf App is also very easy to operate. So,MFU should be there .
I am using MFU only since, it's inception ...

I also thought that mfutility is a great platform to increase our sales. As it's app and web portal is very easy to use. It's one of the feature opening e-CAN completely electronicaly is great product. Advisor need not to go anywhere to open his or her clients CAN no. I think AMFI should promote Mfutility to B-30 cities to generate or help investors to be a part of mutual fund industry irrespective of boundaries.

My opinion AMFI should sell MF Utilities ASAP. 1) As it has failed to represent all AMCs since more than 2 years of existence. 2) There are many issues and errors they have failed to address. MFU pass buck to RT or AMCs. complaints to AMCs also fail to bring any positive results. 3) There is no proper customer care or distributor grievance or trouble shooting call centre. But above all, If MFU can still revive feeling of and for AMFI, by AMFI, (means all AMCs and RTs participating whole heartedly.) for actually providing fully digital services distributors/investors interest.

Earlier I had used NSE NMFII but my experience was very bad with this platform and then i started MFU. I am using MFU from last 3 years and fully satisfied with this platform. And it's a great help in developing my business in digital form. My 90% clients are doing all their transactions in digital form instead of physical. I think AMFI should reconsider this proposal and AMC's has to take more interest in MFU rather then developing their own platforms. Which will be very helpful to industry and IFA fraternity.

I have been on MFU but hardly used it. Got feedback from other IFAs using it that working in MFU is smooth and crisp. Have been using BSE Star from Inception. It is wonderful. Moreover for issue resolving their are multiple modes like CRS,Telegram group , local WhatsApp group with entire BSE star chain actively involved. Yes in any. Platform there would be technical glitches. But our as well as our clients life is much easier online. AMFI has done the right thing to ask all AMCs( the bigger ones should contribute more) in strengthening MFU. But many of these have already invested in their own Apps and Portals. By adhering to AMFI's diktat that will be difficult for them to run their own

MFU has started his journey in June 2011 with formation of MFU Committee with a approval of AMFI and then inauguration by then Chairman of SEBI Mr U.K. Sinha in January 2015. The objective was that the Utility should be enabler and 'middleware" for all such stakeholders, including platforms. Therefore , MFU was designed in such a way that it does not replace anybody in the system and no intention to disrupt any stakeholder.MFU is a No-Profit-Organisation , having participating of 30 Mutual Funds, more than 2.50 lakhs CAN covering about 1.75 Million Folios in a short period of time. The technology infrastructure at MFU has been designed taking into consideration the key aspects of information security, availability, scalability, integrity, efficiency and auditability. It is designed to work across mobile, tab and desktop interfaces.
MFU has increased business of IFA because it helped them focus on business rather than operations. Paperless transactions without any geographical barriers, SINGLE Bank Mandate ( Pay Eezz), Consolidation of multiple Folios, Submission of Transactions in Single Window , Single Transactions Slips/NCT/Cheque accoross the RTA reduced our valuable time and cost. Complaint resolution at MFU is very fast and their staff are very cooperative.
This Growth/success rate is without active support and cooperations of some of RTA and AMC. Every AMC/RTA is launching and promoting their own software and Apps to sell their own products and unnecessary incurring lots of expenses on investors/Distributors Cost. In fact they should promote MFU Platform rather then providing incentive for using their own Apps and provide Financial and Technical Support and concentrate to their product development only .
Since, MFU India has been Created to facilitate each Stakeholder and not having their own other business of Trading , our data are secured their rather than other platforms.

every good things took time like mango tree,
and why amfi worried can approach to sebi and can take premission for mfu for funding releated issue put all benifit and safty of million investor data and easy of transation this is important plat form which formar sebi chairman put base in nov 2015,
and this is our duty to run this public platform which create for help our prime minister dream digital india ,
why not finance minister interfering in this issue,
because this is improtant platform which directly link to million of indian investor why not govt serious about this,
for safty,
for low cost,
for co operative plat form for all stakeholder,
for secure data of investor,
for right to protection of data million of investor,
where one side million of data theft by number of other institution,

where is assocation where is govt,where is amfi,where is sebi,

why ever stake holder silent on this issue this is serious issue and fund problem easily solve ,
top five amc can contribute 50% deficit expences which at present shortage from equal contribution,
and than b-15 amc can it mean top-20 -5= 15 amc can equal bear remaning extra expences which cross present level equal contribution, by all amc,


for example at present 2.5 lac each amc bear per month,

now carry on above method and extra fund if required other than present level which can bear
top 20 amc this is simple solution and i thing top 20 amc hold 95% aum of industry so no need to worry
second option collect extra fund from investor education fund which collect amc from scheme,








Paperless transactions without any geographical barriers, SINGLE Bank Mandate ( Pay Eezz), Consolidation of multiple Folios, Submission of Transactions in Single Window , Single Transactions Slips/NCT/Cheque accoross the RTA reduced our valuable time and cost. Complaint resolution at MFU is very fast and their staff are very cooperative.
This Growth/success rate is without active support and cooperations of some of RTA and AMC. Every AMC/RTA is launching and promoting their own software and Apps to sell their own products and unnecessary incurring lots of expenses on investors/Distributors Cost. In fact they should promote MFU Platform rather then providing incentive for using their own Apps and provide Financial and Technical Support and concentrate to their product development only .
Since, MFU India has been Created to facilitate each Stakeholder and not having their own other business of Trading , our data are secured their rather than other platforms.

MFU is best

It has to be sold as soon as possible before too late n all its liabilities come in the head AMC n IFA as both r struggling for their sustainability.

I am using MFU facility since start of the MFU and the experiance is very good. The GOMF app, site versions are very user friendly.

Yes...MFU Must Continue...it is great platform and easy to operate...Services are also...Very Important thing is CAN Generated is got recognition form AMC...Means CAN No is Displayed on AMC Mutual Fund Account statement..which show recognition on system .......Services are also Good...So I think the AMFI should think to continue this platform.....

MFU is very helpful and reliable platform for all If as of small and medium cities, MFU should continue, and participating AMCs should promote it so no. of transactions may increase and there would not fear/pressure of cost on AMCs