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Mutual Fund Utilities (MFU) has now revoked its decision to suspend new investments into Quant Mutual Fund schemes via its platform. MFU had announced the suspension earlier this evening, and this was to take effect from February 1.  

MFU is a platform that investors, distributors and other intermediaries can use for mutual fund transactions. According to sources, pending dues from Quant MF had triggered the move. As per the latest communication from MFU, “the issue between Quant Mutual Fund and MFU has been resolved".  

The earlier communication said, “Both CAN (common account number) and folio-based transactions, that is, subscription and SIPs (systematic investment plans) will be restricted. eCAN registration through Quant MF website will continue." However, there was to be no impact on active SIPs, STPs (systematic transfer plan), and SWPs (systematic withdrawal plan) registered on or before February 1. 

For any clarifications, MFU can be contacted on its centralised compliance module (CenCoM) or on 022-6134 4316 between Monday to Saturday.

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