mfcentralportfolio-importfintech

MFcentral Shutdown: What You Need to Know and What to Do

MFcentral API shut down in September 2025. Here's what happened, how it affects fintech platforms, and the fastest alternative for portfolio import.

CASParser Team ·

What Happened to MFcentral?

MFcentral, the mutual fund industry’s centralized platform for portfolio data access, shut down its API services in September 2025. This affected over 100 fintech platforms that relied on MFcentral for portfolio import functionality.

Why Did MFcentral Shut Down?

MFcentral was operated by CAMS and KFintech as a joint venture. The shutdown was driven by regulatory changes and the push toward Account Aggregator as the “official” data-sharing framework in India. However, Account Aggregator implementation takes 5-10 months and costs ₹5-25 lakhs+ - leaving platforms without portfolio import in the interim.

Who Was Affected?

  • Fintech platforms (Scripbox, Dezerv, AngelOne, Groww, Kuvera) that used MFcentral for one-click portfolio import
  • Wealth management firms that onboarded clients via MFcentral data
  • Advisory platforms that consolidated client portfolios through MFcentral

Your Three Options Now

1. Account Aggregator (5-10 months)

The government-backed solution. Comprehensive financial data access, but requires regulatory approvals, takes months to implement, and costs ₹5-25 lakhs+ upfront.

2. Build In-House (3-6 months)

Parse CAS PDFs yourself. Full control, but 3-6 months of development time, ₹10-50 lakhs+ in costs, and ongoing maintenance for format changes.

3. CASParser (5 minutes) ✅

API platform that parses CAS PDFs from CDSL, NSDL, CAMS, and KFintech into structured JSON. Integrate in 5 minutes at ₹999/month. No regulatory approvals needed.

Why CASParser Is the Pragmatic Choice

  • 5-minute integration - REST API or drop-in Portfolio Connect SDK
  • 9 asset classes - MF, equities, bonds, AIFs, NPS, insurance (MFcentral was MF only)
  • Multiple input methods - PDF upload, Gmail import, CDSL OTP fetch, API
  • ₹999/month - 10x cheaper than Account Aggregator
  • No regulatory approvals - start immediately

The Smart Strategy

Many platforms are using CASParser immediately while implementing Account Aggregator in parallel. Get portfolio import live in minutes, then transition when AA is ready.

MFcentral Migration Package

CASParser offers a special migration package for platforms affected by the MFcentral shutdown:

  • Discounted pricing for the first 3 months
  • Dedicated migration support engineer
  • Priority onboarding

Contact sales for details, or start your free trial today.

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