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I feel MFU More convenient & IFA Friendly than other platforms. Thanks f Gajender sir for comparative analysis of all three platforms.
I have been using the MFU platform for quite some time now and am very satisfied. Even I had this in mind, why amcs are not promoting mfu. It is a very valid point CAN will be common number across amcs and distributors.
Despite no cooperation by AMC. MFU has able to achieve milestone of one lakh CAN within a short span of time and won so many awards i.e “The Best Industry Infrastructure Initiative”,“The Best Industry Infrastructure Initiative” in the Financial Services Category etc etc. I am using this platform since beginning , my AUM has grown many folds, my area of operation has spread across the world, operational cost has reduced considerably, all the transactions are paperless and digital. One pay Eezz mandate is sufficient across the AMC. MFU team provide all kind of support and cooperation without any cost. No needs to download apps for separate AMC. Go MF Apps is takes care of all the transactions across the RTA. My sincere thanks and good wishes to entire MFU Team for supporting Distributors fraternity.
I am using MFU since inception. I feel it si very convenient to transact through MFU. But I cannnot understand why AMCs arenot promoting it.
I am using MFU offline Platform since MFU inception. Single form for Multiple SIPs. Very useful. Time saving. But, Response from AMCs is Nil. Even if any query is asked with the AMC, which replies that since the form is processed thro. MFU , AMC will not able to track and the Distributors themselves have to follow -up . So, AMFI has to advice all AMCs to help Advisors if any issues come. MFU has to launch all key features which is available for Distributors in CAMS -Distributor Online Services. Regards. Ravisankar.
We use Both the Platform MFU and Bse Star M F , We feel that BSE Star is better and more easier Platform for M F Transaction but we also feel that this Platform shall add some more featchers , like report should be generate in details.
I have often been asking different AMCs at their branch level as to why they have been coming out with their own Apps and not supporting MF Utiliy, said to be a comprehensive multi-utility platform and is also a joint venture launched by the entire AMC fraternity. While many of them pleaded ignorant about M F Utilitys existence/role some have only laughed it away in ignorance. I would request AMFI, if it has any hold on the AMCs, to compulsorily promote MF Utility and stop proliferation of individual AMC platforms/Apps. At the same time MF Utility should become more active than they are at present --- not just by sending e-mails asking individual distributors if they had any query regarding MFU ---- but to take the trouble of replying to the queries when asked. MF Utiiity has yet to reply to my queries. MFU should also, through AMFI, open active centres in different cities/towns of the country so that the message and their work spreads fast enough.
Authorities shall dare to ban all AMCs individual apps --- Common forms/ uniform back office practices be imposed--Only two-three platforms be allowed (like NSE/BSE/ MF Utility )-- These steps shall give tremendus simplicity & Avoid duplication of work -- MF industry shall grow at fastest speed-- Question to IFAs:- How many clients have their own 100% accurate MF records? Mostly all clients depend upon data of "non- authority" sites, thereby lacking reconciliation- for 100% accuracy MF utility shall help investors in various ways with maximum privacy of data-
good article.Recently one of my client is a buissnesman. He happens to be very busy it is very difficult to catch him. I had done his regsitration in mf utility so I could get a good buissnes through it. Thanks to MFU
MFU is very good, but RTAs sometimes goof up transactions with wrong transaction entries or reversals without verifying, SIP ECS not triggering etc. While some AMCs are prompt in correcting the transactions, a few AMCs or their branches dont even know whom to approach in case there is a goof up. This is a big let down for MFU and IFAs have to spend a lot of time in correcting the wrongs.
Undoubtedly MFU stands winner and the best interface I have came across.
MFU provides easy access to transact but it shows only consolidated value of the investment. CAGR is missing but user friendly better than NSE mf platform. I use both NSE and MFU , feel MFU stands the winner in all aspect.
Wonderful information, hope this helps the IFA to choose the best online platform according to their needs. Thanks a lot for the time you have put in to explain the pros and cons. Hats off.
Thanks a lot to Gajendra Sir for great article on MFU . After your guidance I am successfully using all 3 platforms NSE,MFU and BSE. Special thanks for be positive regarding technology like from IFA Express till today.