A simple feature to the client might require complex implementation at the backend. But that is what we are constantly working at, pick up the most important that affects most people and then keeping going down that list. So everything will eventually get done.
About MFU, AMCs are paying for it from their pockets. They also end up having to support the MFU client and with the latest changes, they can’t bundle that support charge in direct MF anymore. If you speak to senior level at AMCs you will realize that with latest regulation on how expense ratio can be charged on direct, they don’t like direct investments which comes through MFU or their platforms directly as the support cost has to be born by them which otherwise platforms like us will take care of.
MF in demat, just a matter of time, even if MFs don’t, markets will eventually drift towards ETF like in every developed market which has to be in demat. Btw RTA’s charge AMCs in basis points for managing the MF transactions. That benefit will eventually move to clients if enough people move to demat.