This website is purely ACADEMIC in nature and NOT a stock market recommendation service or a tip provider. No live data or feeds are provided and all information is historic only. Information is provided for ease of understanding for the purpose of learning. Accuracy of definitions etc is not mantained. I am not a SEBI or IRDA registered.
Difference between revisions of "Aadhar and Mutual Funds"
Cooleo (talk | contribs) (Created page with "{{Alphabets}} Aadhar Number is soon making inroad into banking and investments. It may be recalled Aadhar was earlier made mandatory to be linked to PAN Cards failing which P...") |
Cooleo (talk | contribs) |
||
| Line 23: | Line 23: | ||
If you have invested in any scheme for which Karvys is a registrar but through a distributor, your distributor can upload the scanned copy of the form duly signed by you from his login. | If you have invested in any scheme for which Karvys is a registrar but through a distributor, your distributor can upload the scanned copy of the form duly signed by you from his login. | ||
| + | ==Information necessary for linking Aadhar Number== | ||
| + | The following details are necessary to link Aadhar Number to your folio: | ||
| + | |||
| + | #Your Email | ||
| + | #Your PAN | ||
| + | #Aadhaar No | ||
| + | #Mobile No | ||
| + | |||
| + | If you have used different email addressess or mobile numbers to different folios, you have to repeat the updation process for each of them separately. | ||
==Related Lessons== | ==Related Lessons== | ||
*[[Mutual Fund Scheme]] - What are schemes? How to select a MF scheme? | *[[Mutual Fund Scheme]] - What are schemes? How to select a MF scheme? | ||
Revision as of 23:40, 5 September 2017
| Home | Personal Finance | Mutual Funds | Equity |
Aadhar Number is soon making inroad into banking and investments.
It may be recalled Aadhar was earlier made mandatory to be linked to PAN Cards failing which PAN card will be useless.
Aadhar Card is accepted as one of the valid supporting documents for CKYC.
However, eKYC investments that are started using Aadhar have an investment limit of Rs. 50,000 per AMC.
This is something similar to Micro SIP concept that was allowed earlier.
Ministry of Finance (Dept. of Revenue) in consultation of RBI came up with Notification G.S.R. 538 (E), dated 1st June, 2017, carried out amendments to prevention of Money Laundering (Maintenance of Records) Rules, 2005.
Now that Aadhar Number is mandatory for all Mutual Fund folios, investors need to rush and get their folios linked to the Aadhar card.
CAMS allows online submission of Aadhar number on its webpage at https://www.camsonline.com/InvestorServices/COL_Aadhar.aspx.
Karvy MFS too has a similar webpage at https://www.karvymfs.com/karvy/Aadhaarlinking.aspx
Investors who do not have their email address or mobile number mentioned on their folio can use an offline form to submit the details.
For Karvy MFS managed folios, the linking can also be done through easy SMS. Please send (ADRLNK <PAN> <space> <AADHAAR NUMBER> <space><Y>) to 9212993399 from your registered mobile number with karvy. "Y" in the above message stands for your express consent to authenticate and seed your Aadhaar across all Karvy serviced mutual funds as on date.
If you have invested in any scheme for which Karvys is a registrar but through a distributor, your distributor can upload the scanned copy of the form duly signed by you from his login.
Information necessary for linking Aadhar Number
The following details are necessary to link Aadhar Number to your folio:
- Your Email
- Your PAN
- Aadhaar No
- Mobile No
If you have used different email addressess or mobile numbers to different folios, you have to repeat the updation process for each of them separately.
Related Lessons
- Mutual Fund Scheme - What are schemes? How to select a MF scheme?
- New Fund Offer (NFO)
- Net Asset Value or NAV
- Expense Ratio
- Portfolio Turnover
- Exit Load
- DIRECT plan vs REGULAR plan
- GROWTH option vs DIVIDEND option
| Home | Personal Finance | Mutual Funds | Equity |