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Stop sharing data with 3rd-party apps: Amfi to MF Central

Business Standard

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September 19, 2025

Move to impact loan against mutual funds, guided MF investment apps

- ABHISHEK KUMAR

The Association of Mutual Funds in India (Amfi) has asked MF Central, a transaction platform operated by CAMS and KFin Technologies, to stop sharing investor data directly with fintech applications, said people in the know.

At present, several online applications, especially those that offer guided mutual fund (MF) investments and loan against mutual funds, access investor data through MF Central. The platform provides the data by taking investor consent through onetime passwords (OTPs).

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