What is MFCentral?

Lesson 48 of 50 for advisers · MFCentral, MFU and the exchanges · 3 min read · Reviewed 13 Nov 2026

Quick answer

A common platform built by the registrars CAMS and KFintech with AMFI, launched on 23 Sep 2021, after SEBI asked registrars to give investors one place for transactions, service requests, complaints, statements and capital gains reports. It also runs the folio lock that freezes debits, available from 30 Apr 2026.

SEBI asked the registrars in Jul 2021 to build one platform for purchases, redemptions, switches, service requests, complaints, statements and capital gains reports.

Distributors may use the stock exchanges’ fund platforms once the exchange permits, but may never handle client money or units.

Pooling client money or units is banned for distributors, advisers and every platform.

MF Utilities, MFCentral and registrar platforms register as execution-only platforms, which deal in Direct plans only.

Key idea: Advisers can place Direct plan orders for clients on the exchange platforms.

Sources

Try the short quiz on this page to check what stuck.

Common questions

What is the folio lock?

A debit freeze on a folio, offered through MFCentral from 30 Apr 2026.

Can an execution-only platform sell Regular plans?

No, only Direct plans.

Who registers an execution-only platform?

AMFI for Category 1; Category 2 is a stock broker.

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