To invest in mutual funds, Indian government has made it mandatory to link your Aadhaar card in an effort to track down black money. Hence, the investors need to have an Aadhar card for all their financial transactions including mutual fund investments.
As per recent amendments to Prevention of Money Laundering Act (PMLA) Rules, 2017, Financial Institutions like Mutual Funds are mandated to obtain Aadhaar Number from their customers and link the same to the respective Mutual fund portfolios.
Those clients who have not been assigned an Aadhar number can furnish the proof of application of enrolment for Aadhar.
If at all PAN is not submitted, the client will have to submit the same.
Click on the links provided below to enter your Aadhar details –
RTA links for Aadhaar Seeding –
KARVY – For Individuals https://www.karvymfs.com/karvy/Aadhaarlinking.aspx
For Non-Individuals – https://www.karvymfs.com/karvy/Non-IndividualAdhrlinking.aspx
Note- The details have to be furnished in all the above RTAs.
Learn how to – save tax in mutual funds
So, now you know how to link your Aadhar to your portfolios. Link it ASAP!
The government has set the date to 31 December 2017 as the deadline.
In case you fail to link your Aadhar with your portfolio you may have to face difficulties with your mutual fund transactions.
Happy Savings! Happy Investing!
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