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Friday, 8 September 2017

Mutual fund investments must now be linked to Aadhaar



As per the Prevention of Money Laundering Act (PMLA) Rules, 2017, now Adhaar is mandatory for Mutual fund investment. It has been made mandatory for mutual fund houses to obtain their customers' Aadhaar numbers and link the same to their respective accounts.

CAMS (Computer Age Management Services), has launched an online facility to link mutual fund investments to Aadhaar. Other R&T agents such as Karvy and Sundaram BNP Paribas Fund Services are yet to begin this service. Franklin Templeton Mutual Funds use Franklin Templeton Asset Management as an in-house R&T.

Here's how to link your mutual fund investments to your Aadhaar on CAMS:

Step 1: On the CAMS website, on top of the you will get the link


 Step 2: Fill EMAIL and PAN. After that, name all AMC will appear in which you have investment.

Step 3:Select All , fill AadhaarNo. And mobile no registered with Aadhaar, Click on Submit


Step 4: Now you need to enter OTP received on mobile on next screen. Click on submit


now you will get the confirmation page as below


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