Common Account Number Advantages

 

Advantages of Common Account Number?

The Common Account Number (CAN) is a reference number issued to MF investors by the new MF Utility platform

 

The Common Account Number (CAN) is a reference number issued to MF investors by the new MF Utility platform. The platform facilitates consolidation of an investor's holdings across different fund houses into a single statement. It also facilitates transaction in multiple schemes using a common transaction form.

KYC is an one-time activity and you can invest and transact in any AMC once you are KYC complied.

KYC Registration Process

1. Download KYC form from any of the AMC's website or from transfer agent's website or, visit 'Downloads' section ofhttp://www.cvlindia.com/. Take a print out of the KYC application form for individual (for fresh KYC).
2. Fill the form as instructed. You need to provide self-attested copies of the following documents and carry originals for in-person verification.
• Proof of identity
• Proof of Address
• PAN Card
• Photograph
3. Submit the duly filled and attested form to either
• AMC with which you wish to invest
• Registered Transfer Agent such as CAMS, Karvy, Franklin Templeton or Sundaram BNP Paribas Fund Services. Check websites of respective company for the address.

There are no fees for KYC registration.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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