Modest traction for MF Central in first year, phased rollout cited

The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins

MF Central, a common transaction platform for mutual fund (MF) investors, has had a modest start. The platform, jointly developed by the two registrars and transfer agents (RTAs) in India, KFintech and CAMS, has recorded only 350,000 registrations in the first year, shows data shared by KFintech.

The registrations on the platform is just one per cent of the 34 million unique MF investors in India.

KFintech cited phased rollout of features and low digital penetration as the reasons for the low user base. 

"Given the phased rollout of the platform, we did not expect it to have a huge