# Using MF Utilities to invest

Open one account, then buy from most fund houses without separate sign-ups.

Full page: https://discovermf.com/guides/mf-utilities
Last checked 1 Nov 2026, from DiscoverMF.

MF Utilities (mfuonline.com) is a shared services platform set up by the fund houses themselves. Investors get a **Common Account Number (CAN)** that links their folios across the fund houses on it.

## Opening a CAN

1. Choose to open an eCAN on the MF Utilities website.
2. Enter your PAN and KYC details, bank account, contact details and nominee.
3. Submit and verify. The CAN is usually ready within a few working days.

## Investing

1. Sign in to MFU Online with your CAN.
2. Pick the fund house and scheme, the plan and the option.
3. Pay by net banking, UPI or a registered bank mandate. SIPs, switches and redemptions are done the same way.

## What to know

Most fund houses are on MF Utilities, but check that the one you want is listed before you start.

## Questions

### Is there a fee for a CAN?

No. Opening a CAN and transacting on MF Utilities is free for investors.