The central government of India has suggested that people should link their mutual funds with Aadhaar.
As per the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rule, 2017. The Asset Management and Mutual Fund Companies will have to collect Aadhaar number of the people and verify the details with the UIDAI and link all the mutual funds with Aadhar.
One can link their aadhar with mutual funds using any of the following mentioned methods – online, offline, SMS, e-mail.
One can link aadhaar with mutual fund account through the CAMS website. There will be separate links for individuals, HUFs and for non-individuals (other than HUFs). Follow the below-mentioned steps to link mutual funds with Aadhaar:
Step 1: Visit Aadhar linking web site of CAMS
Step 2: Select the option based on the type of investor – individual, HUF or non-individuals
Step 3: Enter your PAN card number and enter the ‘submit’ button
Step 4: Enter the aadhar number, name, date of birth, gender, mobile number.
Step 5: Proceed further and click on Generate OTP to send the OTP to your mobile number.
Step 6: Enter the OTP which you receive on your mobile number, tick the disclaimer and click on the ‘Submit’ option.
Step 7: Your request will be submitted and your mutual fund associated with PAN will automatically be linked with Aadhaar after thorough verification.
Follow the below-mentioned steps to link aadhaar with mutual funds through offline mode:
Step 1: Duly fill in the Aadhar linking form by mentioning the details of your mutual fund along with Aadhar card number.
Step 2: Attach a self-attested copy of your aadhar card with the form.
Step 3: Submit the form to the nearest service centre of your fund manager.
Step 4: Once the linking of Aadhar with your mutual fund is done, you will receive a confirmation message on your registered mobile number.
Investors can link their mutual funds with Aadhaar by sending an SMS in a particular procedure as mentioned below:
Step 1: Type ADRLNK Aadhaar number Y
Step 2: Send the message via SMS to +91 9212993399
Step 3: Y in the message represents providing consent to Karvy to authenticate and seen Aadhaar number with the mutual fund
Step 4: You will be receiving a confirmation message on the successful linking of Aadhaar with a mutual fund.
One has to send an e-mail to the asset management company and mention your aadhar number and PAN details respectively in the mail. The authorized personnel will link your aadhaar number with a mutual fund. However, one’s e-mail account should be linked with the mutual funds beforehand to avail this facility.