Mutual fund transactions : AMFI to set up new portal, MF Utility

Indian mutual fund trade body AMFI (Association of Mutual Funds in India) plans to launch a portal, MF Utility, next financial year (2012-13) that will facilitate transactions by customers, distributors and financial advisers in schemes offered by various asset management companies on a single, unified platform.

 Mr. HN Sinor, Chief Executive, AMFI said,  “MF Utility is planned to commence operations by the first week of April, 2012, subject to appropriate clearances from market regulator SEBI,“

The new portal MF Utility will help customers, distributors and financial advisers carry out transactions in mutual fund schemes across AMCs (Asset Management Companies) at one place.

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