The platform obviates the need of visiting multiple mutual fund houses’ websites to access your portfolio, statements, service requests and investments. All this information can be obtained from MFCentral.
“The platform will bring simplification mutual funds Reduce services and turnaround times while providing secure access. Leveraging the power of digital, MFCentral provides a unified gateway for friction-free services across all mutual funds,” said Anuj Kumar, Managing Director, CAMS.
A collaborative effort of KFin Tech and CAMS in association with AMFI, MFCentral provides digital access to investor lifecycle engagement with the entire MF industry under one roof.
Apart from a single portfolio view, the platform strives for complete alternateness of physical and digital services. It provides investors with the added convenience of generating reports on unclaimed payments and raising service requests for non-commercial transactions (digital and scan-based), such as name changes and address updates.
The platform will go live in three phases by the end of this calendar year.
The first phase, going live today, includes non-business transactions (service requests from investors), financial portfolio views and consolidated account statements, among other features. The next two phases will see the launch of a mobility platform for multiple value-added services, financial transactions and integration with ecosystem partners.