Aadhar linking to mutual funds
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 accounts. Following Registrar & Transfer Agents (RTAs) are responsible for handling the transactions of almost all the mutual fund companies.
- Karvy Computers
- Franklin Templeton International Services (Provides services only to Franklin Templeton Mutual Funds)
- Sundaram BNP Paribas Fund Services (Provides services only to Sundaram and BNP Paribas Mutual Funds)
As of now, only CAMS and Karvy have started this process of link Aadhaar to Mutual Funds folios online. Others may also soon start the facility.
NRIs/ PIO/OCI are not required to go for Aadhar linking to Mutual funds, Demat, etc. as Aadhar is only made available to residents of India.
CAN holders from MFU whose Aadhar is not linked would be communicated later when MFU starts the online facility for linking.
Alternatlvely you can also update the Aadhar by submission of physical request to the above mentioned RTAs at their offices/branches.
Do remember that by authorizing to validate your Aadhaar, you are linking your Aadhaar to all your respective RTA serviced Mutual Fund companies where you are First Holder / Joint Holder / Guardian.
Herebelow are the links that will help you complete the process.
For all funds serviced by CAMS:
For all funds serviced by Karvy
Once this process is over, then you will receive a success message. Once authentication is successful, then you also receive the email confirmation of the same.