Mutual Fund investments are traditionally one of the most preferred investment schemes in which people of investing their sums. Using the common account number (CAN) and the Mutual Fund utility one access to various platform and plans.
What Are The Prerequisites?
To be eligible for CAN, investors must be compliant with KYC. CAN is a unique number of identification that various investors get based on mode or the order of holding. If an investor holds a scheme individually, and another jointly, then both of them will have their unique CAN.
How To Obtain CAN?
One requires to download the CAN registration individually or a joint one from the website www.mfuindia.com. You can fill the forms and can submit it with the documents at the nearest MFY office or post.
Points To Note:
The investors can apply for CAN by making the use of an online registration facility. CAN helps the people tracking multiple schemes using an identifiable number. Thus, CAN is an essential thing that is required to manage the accounts of a mutual fund.
CAN keeps all these investors related to the information directly. The change in the information is possible with the only CAN, and it can be made applicable to all the types of investments. These are some of the points that you should keep in mind to manage your mutual fund investments using a common account number.