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not good because bse star mf was giving its terminal free of cost to ifa near two month before so it must be also provide us free of cost to ifa so ultimate benefit to amc so they charge from amc

It is a very good proposal and it is time AMFI should try to spend sometime to provide a common platform using the best of the softwares available.Some software developers are reaping profits by fleecing the distributors and advisors by collecting hefty annual fees.After all if SEBI wants to protect interest of MF Investors then a cost effective software platform may be made available to distributors.

AMFI Must take initiative it well help both industry and intermediaries to grow at faster pace and also save costs of AMCs and IFAs. Request to share it more and more.

Pl ptrepare a useful guide for advisors to follow the usage of your platform.

I had given additional purchase in Canara Robeco Balanced Fund for Rs.3 lac on 21st January 2018 in the branch and i asked for cheque in favor of what then they told me write Canara Robeco Mutual Fund so i write it but from there side no response, no refund of cheque, in March i cross check it from their AMC bank they are telling that Payee Name is not correct that is why the cheque bonce and no purchase done, from our side no mistake and AMC not informs us. I am asking you what action we have to take ?

Yes Sir, I am with you.

Good Morning to all. As one of my distributor friend pointer out, there is already a platform called "MF Utilities". This is a platform promoted by AMFI and all AMC''s. Sadly AMC''s are not actively recommending it. I am one of the user, but not fully using it due to lack of training and have not devoted my time to study the manual and use it. I think it will be better if MF Utilities organises training on the same. But, they require sufficient no. of distributors to attend the same. I do not think it is wise to contribute to AMFI for a new platform. I am against the idea.

MF Utilities - MFUONLINE.COM is the best platform, which is promoted by AMFI and participating AMC''s. Only few drawbacks are as under which required to be implemented at the earliest: 1) CASTP 2) Step-up/ Increasing SIP facility. 3) Children Gift Fund investment facility 4) Flex SIP/STP 5) Providing API free of cost to distributors for integrating with e-commerce website of distributors. 6) Portfolio Tracker for investors 7) Goal Planning tool with facility to create baskets.

Good going..

Surprising that the initiator of this discussion and many who have commented does not know that MFU is a platform of AMFI. In fact, it is very convenient for use. Where is the need for creating one more. Best part is, MFU is free. Why dont you guys now start using it?

I think MFU is best solution but there is communication gap or lack oc interest by AMCs even it is creation of AMCs

MF Utilities online platform is the best suited to become an Universal platform for MF transactions. It is a very convenient and user friendly platform. Currently, there are about 28 AMCs participate on MFU. Once all of them participate and some analytics and reports are developed on it, the platform can be a very helpful tool for the distributors as well as the investors.

agree

Already there are Platforms like BSE StarMF, NSE MF (Exact Name Not aware) and MFUtility. I feel BSEStar MF is good one. Trying t0 subscribe for same online and that process itself is tedious. They want agreement on Rs.200 stamp paper online. All this should be sent by BSEStarMF or MFUtility by courier to be signed by Distributor and sent back to respective offices.

Sir, you are sadly mistaken. We are governed by SEBI and Licensed by AMFI. AMFI is the mother organisation of AMCs and not Distributors. Most of the individual AMCs have their own Distributor APP/ website for transactions and reports. Moreover you have free of cost MFUtility. Please check the same

This is for good for both advisor and amfi

Dear Sir. There is already MFU Platform which is free of cost . Many of us are using it. I myself is doing mu 99% transactions using MFU platform successfully since its inception.

Now AMFI is working for Advisers side also. A good one

It is the need of the hour that AMFI should start a Platform for Mutual Fund Distributors and save us from the clutches of unscrupulous companies offering platforms

GOOD IDEA. I SUPPORT THE IDEA.

very good idea sir.

It''s really good option for us. also as our data of client is also be secure and cost is cheap as we are paying right now

It''s a good IDEA! But the problem is AMFI don''t have expertise in software development if AMFI starts it today it will take 2-3 years to develop a reasonable basic software. It will be better if AMFI outsources it to any good company who have the previous experience in MF CRM like Red Vision Technologies, Accord Fintech etc.

Yes, a great initiative

Any annual fee apart from initial fee of Rs 2000/-...?

MFU Platform for putting through MF transactions....I would like to initiate discussion on the salient features of AMFI platform vs CAMS/Karvy...whether all the report generation and functions that go into the process of doing business is made available to IFAs... I am a distributor since 2002 sept when things were almost Manual. Now, when we all switch over to tech driven applications, it is imperative to choose the best amoung the Lot at relatively cheaper cost. Being a small time distributor, well below Rs.20 Lakhs p.a. income, scaling up business volume is essential to catchup with the trend... Seeking valuable guidance and sharing of experiences from leaders will motivate us to scale up business volumes and serve efficiently our existing and potential clients.....

YES , THAT IS A SUPER IDEA.

yes i welcome the proposal