May 27, 2026
4 mins read
A Common Account Number (CAN) is a single reference that brings all your mutual fund investments under one account. It stores your personal, bank, and KYC details centrally, making it easier to manage. This blog covers what CAN means, how it works, and how you can apply for it. It also explains the documents required, key benefits, and how it helps simplify managing and tracking your mutual fund investments.
A Common Account Number (CAN) helps you manage all your mutual fund investments in one place. Instead of handling multiple folio numbers, you can use a single account number for different fund houses with CAN.
This makes your investment process simple and organised. With a Common Account Number (CAN), your personal details, bank details, and KYC information are stored centrally. This means you do not need to enter the same details again and again. It saves your time and reduces errors.
You can use your CAN to invest, redeem, or switch mutual funds easily. It also allows you to update your details once, and the changes apply to all linked investments.
A Common Account Number (CAN) is a unique number that brings all your mutual fund investments under one account. When you register for a Common Account Number, your personal, bank, and KYC details are stored in a central system. This means you do not need to repeat the same details every time you invest. It makes the whole process faster and easier for you.
With a Common Account Number, you can invest in different mutual funds across many fund houses without opening separate accounts. You can also track all your investments in one place, which helps you stay organised. If you want to update your details, such as your address or bank account, you can do it once, and it will apply to all your investments linked to that Common Account Number (CAN).
This system reduces paperwork and lowers the chances of errors. It is very helpful if you invest regularly or manage a large portfolio. Overall, a Common Account Number (CAN) gives you better control, saves time, and makes your mutual fund experience smooth and simple.
To get a CAN, you’ll need to share a few basic documents. Nothing too complicated—just the usual details used to confirm your identity and link your bank account. If you already have these ready, the process tends to move faster.
Most of these documents are simply checked to make sure your identity, address, and banking details are correct. Once that’s done, your Common Account Number is created, so you don’t have to fill in the same information again for every investment.
Required Documents:
PAN card (this is mandatory)
Identity proof like Aadhaar, passport, or voter ID
Address proof such as Aadhaar, utility bill, or bank statement
Bank details (cancelled cheque or recent statement)
Passport-size photo (sometimes asked for)
If your KYC isn’t completed yet, you may need to do that as part of the process. After everything is verified, you’re set to start investing without repeating paperwork.
You can apply for a Common Account Number (CAN) either online or offline, based on your comfort. The process is simple and helps you avoid repeating paperwork for every mutual fund investment. Once your details are verified, your Common Account Number is created and can be used across different fund houses.
Visit the official MF Utilities (MFU) website
Choose the option to register for a Common Account Number (CAN)
Fill in your personal, bank, and contact details carefully
Upload required documents like PAN card, address proof, and a photograph
Complete your KYC process if it is not already done
Review your details and submit the application online
Download the CAN registration form or collect it from an MFU service centre
Fill out the form with correct personal and bank details
Attach copies of PAN, address proof, and bank documents
Submit the form at the nearest MFU or registrar office
After submission, your application is checked and verified. If everything is correct, your Common Account Number is issued within a few working days. You will receive confirmation through email or SMS.
Once your Common Account Number is active, you can start investing, tracking, and managing all your mutual funds easily without repeating the same process again.
A Common Account Number (CAN) offers many benefits that make your investment journey smoother. It helps you manage all your mutual funds in one place without confusion. This makes it easier for you to stay organised and save time.
With a Common Account Number, you do not need to fill out separate forms for each fund house. Your details are stored once and used for all your investments. This reduces errors and speeds up transactions.
Single access point – Manage all mutual funds with one Common Account Number
Less paperwork – Submit your details only once
Easy updates – Change your bank or address details in one step
Faster transactions – Invest, redeem, or switch funds quickly
Better tracking – View all your investments in one place
Convenience – No need to handle multiple folio numbers separately
Overall, a Common Account Number gives you better control over your investments. It makes the process simple, quick, and stress-free, especially if you invest in multiple schemes.
No, a CAN is not mandatory. You can still invest using folio numbers, but CAN makes the process simpler and more organised.
A CAN is mainly used for mutual fund investments held in non-demat form. Demat mutual fund holdings are managed through your demat account separately.
You can update your details online or by submitting a request form. The changes will apply to all investments linked to your CAN.
No, you need to link your existing folios manually to your CAN during or after registration.
Yes, it reduces repeated data entry, which makes transactions faster and smoother.
Yes, you can link multiple folios from different fund houses under a single CAN for easy management.
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