MF Utility may become reality by June-end

Apr 18 2014, 09:00 IST
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In June last year, Polaris Financial Technology was chosen to develop the platform, envisaged as a one-stop investment solution to mutual fund investors. In June last year, Polaris Financial Technology was chosen to develop the platform, envisaged as a one-stop investment solution to mutual fund investors.
SummaryMutual fund houses are expected to pay Rs 5 lakh as initial capital for the MF Utility platform.

net worth individuals, leading to a loss of distributor commissions.

Direct plans contributed 33% of the industry’s AUM (excluding fund of funds) for the three months ended March 2014.

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