MF Utility portal likely to be launched by end of FY13: AMFI

India Infoline News Service | Mumbai |

The mutual fund industry body is planning to run the trial for 'MF Utility' in January 2014

The Association of Mutual Fund in India (AMFI) is expected to launch 'MF Utility' portal as a single platform for all mutual fund transactions by the end of this fiscal, according to a media report.

The mutual fund industry body is planning to run the trial for 'MF Utility' in January 2014, the report added.

The MF Utility portal will help investors to invest across MF schemes through creation of a single account. It will also benefit distributors as they can upload their MF transactions, the report further said.

MF Utility is a centralised mutual fund distribution platform, which will facilitate transactions by customers, distributors and financial advisors in schemes offered by fund houses on a unified platform.

 

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