Features for MF 2.x.x (new release)

[char-star]

I'm gathering thoughts on list of features that need support in the next version of MF protocol. Requesting all participants to share thoughts, so we can together prioritize.

March 2025

1. Ability to place order in multiple schemes together (cart functionality) - SAME AMC & DIFFERENT AMCs (Refer: MF - Cart functionality #400)
2. Support for direct schemes - RIAs, EOPs as buyer apps (MF - Direct schemes #407)
3. Payment experience fixes (MF- Support for Mandate registration as UPI Autopay #436)
4. Support for additional transaction types
   • Redemption by units, redeem all (MF - Redeem by units #401)
5. Minor fixes/improvements from previous version (MF - Minor Fixes #454)

April 2025

6. Support for additional transaction types
   • SWP (MF - SWP #481)
   • Switch, STP (MF - Switch, STP #408)
   • Instant redemption (MF - Instant Redemption ability #494)
   • SIP: pay for first instalment instantly (MF - SIP payment variations #402)
   • SIP: register SIP without mandate, add mandate later (MF - SIP payment variations #402)
   • Lumpsum + SIP (MF - Lumpsum + SIP together #403)
   • Lumpsum w/ payment via enach mandate (for large payments) - Possible in v2.0.0
7. SIP/STP/SWP modifications (MF - SIP modifications #486)
8. Support for NRI as investor types (MF - Support for NRIs #404)
9. Refund visibility in case of payment failures/ fulfillment failures (MF - Refunds visibility #406)
10. Support for transactions against external folios (MF - External Folio Transactions #489)
11. Ability to create zero balance folio (MF - Account Opening and NCT related services #487)
12. Buyer app collecting payments (MF - Payment collection by Buyer Apps #490)
13. Nomination changes - include video capture, additional fields, max. 10 nominees (MF - adding additional attributes for nominees #493)

Others

14. Support for Minors
15. Support for Corporates/Non-individuals as investor types (MF - Support for Non-individual investors #405)
16. Support biometric aadhaar kyc
17. Support for Brokers as buyer apps - solve for demat purchases, demat redemptions
18. Support for non-financial transactions
19. Ability to fetch investor holdings

[girishgupta211]

Here will we support switch from both ways ie regular to direct and direct to regular funds

[vjn-validus]

Still wary of different AMCs in the same cart. Please confirm how could this be achieved without violating the regulatory norms - Realization based NAV and Non-Pooling of Funds.

[ShubhangaAcharya]

Requesting considering #460 also as part of the protocol changes.