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Why Mirae Asset Mutual Fund AMC is not listed on mfuonline.com?

surely, mirae has not tied up with MFUtility (C1)MF Utilities India Pvt Ltd (MFUI) is the Mutual Fund Industry’s “Shared Services” initiative formed by the Asset Management Companies (AMCs) of SEBI registered Mutual Funds under the aegis of AMFI, with an objective of investor empowerment, distributor / RIA convenience, consolidation of information to various agencies, operational efficiency for RTAs and benefits to AMCs, thereby benefitting all stakeholders in the industry. The prime objective of MFUI is to consolidate all “Transaction Requests” received by the industry from multiple sources and transmit it to the “Fulfiller” of the request (Transfer Agent), thereby bringing in operational efficiency by reducing multiplicity and duplication of activities. Towards achieving this objective, MFUI has developed the Portal, MF Utility (MFU), which operates as a “Transaction Aggregating System” for transactions in Mutual Funds.MF Utility (MFU) is an innovative initiative of the Indian Mutual Fund Industry that brings significant benefits to all stakeholders, i.e. Investors, Distributors, RIAs and Asset Management Companies, by leveraging technology, MFU will bring many conveniences to the investors and distributors /RIAs and allow Mutual Funds to significantly enhance their reach and presence in the country to further the goals of retail penetration. MFU will also help remove duplicities in the system and reduce the inherent risks in the industry.MFUI is equally owned by the AMCs of SEBI registered Mutual Funds in India.It seems that small AMC are not participating in the platform. of course. small amc are on the fear that their AUM can be very easily moved to other big amc. due to easiness of transaction on the portal.presently there are only 25 AMC have taken part in mfu. But these 25 AMC comprise 90% AUM of the industry.so, it does not make difference if some amc are not participating.any new amc, if want to come on the platform of mfu, they have to be owner of the platform, i.e. to seed some capital to mutual fund utility india ltd.moreover, some amc have foreign partner, so, they have to take permission from the foreign partner also. as, this is a strategic decision.moreover, this is new platform. almost 1 & 1/5 year has passed. so, some amc might be waiting to check its successfulness.Participating AMCsAxis Asset Management Company LimitedBirla Sun Life Asset Management Company LimitedDSP BlackRock Investment Managers Private LimitedEdelweiss Asset Management LimitedFranklin Templeton Asset Management (India) Private LimitedHDFC Asset Management Company LimitedICICI Prudential Asset Management Company LimitedIDBI Asset Management LimitedIDFC Asset Management Company LimitedIndia Infoline Asset Management Company LimitedIndiabulls Asset Management Company LimitedInvesco Asset Management (India) Private LimitedKotak Mahindra Asset Management Company LimitedL & T Investment Management LimitedMotilal Oswal Asset Management Company LimitedPeerless Funds Management Company LimitedPPFAS Asset Management Private LimitedPrincipal PNB Asset Management Company Private LimitedQuantum Asset Management Company Private LimitedReliance Capital Asset Management LimitedSBI Funds Management Private LimitedSundaram Asset Management Company LimitedTata Asset Management LimitedTaurus Asset Management Company LimitedUTI Asset Management Company Limitedthanks.

How many mutual fund companies are there in india?

There are 44 mutual fund companies in IndiaList of Mutual funds in IndiaHere is the list:Axis Asset Management Company Ltd.Baroda Pioneer Asset Management Company LtdBirla Sun Life Asset Management Company LtdBNP Paribas Asset Management India Pvt LtdBOI AXA Investment Managers Pvt LtdCanara Robeco Asset Management Company LtdDaiwa Asset Management (India) Pvt LtdDeutsche Asset Management (India) Pvt. Ltd.DSP BlackRock Investment Managers Pvt. Ltd.Edelweiss Asset Management LtdEscorts Asset Management LtdFIL Fund Management Private LtdFranklin Templeton Asset Management (India) Pvt Ltd.Goldman Sachs Asset Management (India) Pvt Ltd.HDFC Asset Management Company LtdHSBC Asset Management (India) Pvt. Ltd.ICICI Prudential Asset Management Company LtdIDBI Asset Management Ltd.IDFC Asset Management Company LtdIndia Infoline Asset Management Co. Ltd.Indiabulls Asset Management Company Ltd.ING Investment Management (India) Pvt. Ltd.JM Financial Asset Management Pvt LimitedJPMorgan Asset Management India Pvt. Ltd.Kotak Mahindra Asset Management Company Ltd.L&T Investment Management Ltd.LIC NOMURA Mutual Fund Asset Management Company Ltd.Mirae Asset Global Investments (India) Pvt. Ltd.Morgan Stanley Investment Management Pvt.Ltd.Motilal Oswal Asset Management Company Ltd.Peerless Funds Management Co. Ltd.Pine Bridge Investments Asset Management Company (India) Pvt. Ltd.Pramerica Asset Managers Private LtdPrincipal PNB Asset Management Co. Pvt. Ltd.Quantum Asset Management Company Private Ltd.Reliance Capital Asset Management Ltd.Religare Asset Management Company Private Ltd.Sahara Asset Management Company Private LtdSBI Funds Management Private Ltd.Sundaram Asset Management Company LtdTata Asset Management LtdTaurus Asset Management Company LtdUnion KBC Asset Management Company Pvt LtdUTI Asset Management Company Ltd

What are different mutual fund companies?

Different mutual fund company are called as AMC .List of AMCAxis Asset Management Company Ltd.www.axismf.comBaroda Pioneer Asset Management Company Ltdwww.barodapioneer.inBirla Sun Life Asset Management Company Ltdwww.birlasunlife.comBNP Paribas Asset Management India Pvt Ltdwww.bnpparibasmf.inBOI AXA Investment Managers Pvt Ltdwww.boiaxa-im.comCanara Robeco Asset Management Company Ltdwww.canararobeco.comDaiwa Asset Management (India) Pvt Ltdwww.daiwafunds.inDeutsche Asset Management (India) Pvt. Ltd.www.dws-india.comDSP BlackRock Investment Managers Pvt. Ltd.www.dspblackrock.comEdelweiss Asset Management Ltdwww.edelweissmf.comEscorts Asset Management Ltdwww.escortsmutual.comFIL Fund Management Private Ltdfidelity.co.inFranklin Templeton Asset Management (India) Pvt Ltd.www.franklintempletonindia.comGoldman Sachs Asset Management (India) Pvt Ltd.www.gsam.inHDFC Asset Management Company Ltdwww.hdfcfund.comHSBC Asset Management (India) Pvt. Ltd.www.assetmanagement.hsbc.com/inICICI Prudential Asset Management Company Ltdwww.icicipruamc.comIDBI Asset Management Ltd.www.idbimutual.co.inIDFC Asset Management Company Ltdwww.idfcmf.comIndia Infoline Asset Management Co. Ltd.www.iiflmf.comIndiabulls Asset Management Company Ltd.www.indiabullsmf.comING Investment Management (India) Pvt. Ltd.www.ingim.co.inJM Financial Asset Management Pvt Limitedwww.jmfinancialmf.comJPMorgan Asset Management India Pvt. Ltd.www.jpmorganmf.comKotak Mahindra Asset Management Company Ltd.www.kotakmutual.comL&T Investment Management Ltd.www.lntmf.comLIC NOMURA Mutual Fund Asset Management Company Ltd.www.licnomuramf.comMirae Asset Global Investments (India) Pvt. Ltd.www.miraeassetmf.co.inMorgan Stanley Investment Management Pvt.Ltd.www.morganstanley.com/indiamfMotilal Oswal Asset Management Company Ltd.www.motilaloswal.com/assetmanagement/Peerless Funds Management Co. Ltd.www.peerlessmf.co.inPine Bridge Investments Asset Management Company (India) Pvt. Ltd.www.aiginvestments.co.inPramerica Asset Managers Private Ltdwww.pramericamf.comPrincipal PNB Asset Management Co. Pvt. Ltd.www.principalindia.comQuantum Asset Management Company Private Ltd.www.QuantumAMC.comReliance Capital Asset Management Ltd.www.reliancemutual.comReligare Asset Management Company Private Ltd.www.religaremf.comSahara Asset Management Company Private Ltdwww.saharamutual.comSBI Funds Management Private Ltd.www.sbimf.comSundaram Asset Management Company Ltdwww.sundarammutual.comTata Asset Management Ltdwww.tatamutualfund.comTaurus Asset Management Company Ltdwww.taurusmutualfund.comUnion KBC Asset Management Company Pvt Ltdwww.unionkbc.comUTI Asset Management Company Ltdwww.utimf.com

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