Transact in Mutual Funds -goMF

MF Utilities India Pvt Ltd

About this app

MF Utility is a Mutual Fund Industry initiative to make transacting in Mutual Funds in India easier and seamless to benefit all stakeholders. goMF mobile app is a step towards offering the transacting ability on the move, anywhere and anytime in any of the participating Mutual Funds.

If you are an Advisor (ARN / RIA) please fill and submit a sign up form, which can be downloaded at https://www.mfuindia.com/forms/distributor-forms

If you are an Investor, open a Common Account Number (CAN) with MFU. Please visit https://www.mfuonline.com/onlineMfuPage?reqPageType=eCAN&t=E to submit a CAN request online. You may also download CAN form, which after filling, may be submitted along with the necessary documentary proofs at any of the MFU Point of Service (POS) location nearest to you or at MFU Office. If you already have a CAN, to request for Login credentials, please send a mail to [e-mail] from your registered email id.

To use the App, ensure that you have Android 4.4 or above and you need to have a login credentials provided by MF Utility.

goMF offers the following features for the Advisors:

- Conveniently initiate Purchase, Redemption, Switch, Systematic Investment, Systematic Transfer, Systematic Withdrawal transaction on any participating Mutual Fund for your client.

- View and track all Mutual Fund orders submitted through MF Utility.

Investors have the option of viewing their holdings in all the participating Mutual Funds in a single place in addition to the convenience of transacting in multiple Mutual Funds in a single order.

Ratings and reviews

It requires a lot of improvement in the app. Basically, there should've dashboard that shows how much money is invested and how much returns it has created instead of showing units. It also helps to manage portfolio. UI also needs an upgrade. Searching of transactions is also very complicated. App should be user-friendly.

Worst app ever used for tracking investments. Basic issue is that you cannot track the amount invested and percentage of return achieved on each fund. Any basic mf app should have these two features. Only thing is you can view all your funds in one space. Redemption is also smoothly processed. Requires loads of improvement. Especially in data analytics area.

It provided an easy and free way for all mf investment in one trusted platform but the app stopped working since August 4. Also the app was not updated since 2017, wondering if they are shutting down the platform or something. Probably it's time to switch to other aggregator platform but not sure how easy will that be.

What's new

Bug fixes and Improvements.