Simplifying Mutual Fund Investing

V Ramesh, MD & CEO, Mutual Fund Utilities, speaks about MF Utilities, the newly launched mutual fund system that promises to be a game-changer Could you tell us about the time line of MF Utilities? What led to the development of the system? The discussion on the MF Utilities system was first initiated in January 2011. The AMFI Board later discussed the initiative and decided to go ahead with it in June 2011 and a committee was formed, which started working on the project since then. It discussed the various ways in which the system could be created. That's how the initiative started. There were two primary motives of this system. First was to aggregate mutual fund transactions. Second was to digitise the transactions as soon as possible in the transaction chain. MF Utilities is not a platform; it is only a system that aggregates. A platform provides decision-making information, such as performance of mutual funds, their ratings, comparison of funds, etc., to the investors and distributors signed up with it. MF Utilities doesn't provide any such information. Its pure motive is aggregation; it does not p