The mutual fund industry in India uses several technical terms and codes to simplify investment processes. One such important term is CAN, which plays a major role in online mutual fund investing, especially for those using platforms like MFU (Mutual Fund Utilities). Many new investors are unaware of its purpose and advantages.
In this article, we explain the CAN full form, its meaning, benefits, and why every investor should know about it.
What Is CAN Full Form in Mutual Funds?
The full form of CAN is “Common Account Number.”
A CAN is a unique identification number issued by MFU (Mutual Fund Utilities India) to investors. It allows you to invest in any mutual fund from any AMC using a single account—without filling multiple forms or completing repeated KYC processes.
In simple words, CAN works like a universal investor ID for mutual funds in India.
Why Is CAN Used in Mutual Funds?
Before CAN, investors had to:
- Fill separate forms for each AMC
- Submit KYC documents multiple times
- Manage different folio numbers
- Track investments across many platforms
CAN solves these issues by providing a single-window investment system.
Key Features of CAN (Common Account Number)
✔️ One-time Registration
You register only once with MFU, and your CAN remains valid for all AMCs.
✔️ Use for All Mutual Fund Transactions
CAN allows:
- Investments (Lumpsum)
- SIP registration
- SWP, STP
- Redemption
- Switches
- Modifications
✔️ No Multiple KYCs
KYC is done once during CAN creation. After that, no repeated KYC is required, even when investing in new mutual fund houses.
✔️ Single View of All Investments
CAN offers a consolidated view of all your mutual fund transactions and folios.
Benefits of CAN for Investors
✔️ Simplifies Investing
No more filling new forms for each mutual fund.
Everything is handled under one CAN.
✔️ Saves Time & Effort
Perfect for investors managing multiple schemes and AMCs.
✔️ Better Portfolio Tracking
You can easily monitor all your investments in one dashboard.
✔️ Increases Transaction Speed
Digital transactions and SIP setups become faster and smoother.
✔️ Secure & Regulated
CAN is managed by MFU, supported by all AMCs under AMFI.
How to Apply for a CAN?
You can create a CAN by:
- Visiting an MFU Point of Service (POS)
- Submitting the CAN registration form
- Providing KYC documents, bank proof, and PAN
- Completing in-person verification (if required)
Conclusion
The CAN full form—Common Account Number—is a powerful tool that simplifies mutual fund investing in India. With one universal ID, investors can manage, track, and transact across multiple AMCs without any hassle. Whether you are a beginner or a seasoned investor, having a CAN makes your investing journey smoother, faster, and more organized.
Shashi Kant is the Founder and Editor of BusinessScroller.com, a leading platform for business insights, finance trends, and industry analysis. With a passion for journalism and expertise in business reporting, he curates well-researched content on market strategies, startups, and corporate success stories. His vision is to provide valuable information that empowers entrepreneurs and professionals. Under his leadership, BusinessScroller.com has grown into a trusted source for in-depth articles, customer care guides, and financial expertise.
