What is the Common Account Number (CAN) which has been initiated now?
Is it obligatory for KYC accredited investors to apply for this?
No, it is not mandatory for KYC registered investors to obtain CAN. The Common Account Number (CAN) is a reference number being issued to MF investors so that they avail of 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.