Investing via MF Utilities

I have been investing in mutual fund direct plans from the beginning of 2013, and all my investment advice has been from your monthly Mutual Fund Insight magazine.Recently I stumbled upon MF Utilities website which offers mutual funds using a Common Account Number (CAN). This looks like a great opportunity for retail investors and from whats written on the website it seems straightforward to invest. Are there any pitfalls in buying mutual funds via this channel?
- Amit

MF Utility (MFU) is an initiative of the mutual fund Industry. The investors with a Common Account Number (CAN) can transact in multiple schemes of various mutual funds participating in MFU through a single transaction and consolidated payment. We are not aware of any pitfalls in dealing with MF Utilities.

This article was originally published on January 12, 2016.