How to Link Aadhaar with Mutual Funds Investments ?

In 2017, the government of India has introduced amendment bill requiring all mutual fund investors should link their investments with Aadhaar, to comply with regulatory standards and requirements to prevent illicit fund activities. This helps to ensure transparency, making it crucial for investors to complete the linking process.

Here’s the everything you need to know on linking your Aadhaar with mutual funds, including online and offline methods, benefits, and who should link their Aadhaar to mutual funds.

Why is Linking Aadhaar to Mutual Funds Important?

The primary reason for this mandate is to prevent the misuse of funds somebody else in the financial system. By linking Aadhaar with mutual funds, the government aims to ensure that all transactions are legitimate and traceable, reducing the chances of money laundering activities or black money investments.

Additionally, it simplifies the investment process, especially for KYC (Know Your Customer) verification, and makes the managing and monitoring your mutual fund investments simplified.

Who Should Link Aadhaar with Mutual Funds?

• Primary Holders: The one who invested on mutual funds.
• Joint Holders: All co-investors invested in the mutual funds.
• Guardians: The one who invested for minors and children’s schemes.
• POA Holders: Power of Attorney holders.
• Donors: For donations in children's mutual funds schemes.

Exemptions: NRIs, as they are not eligible for Aadhaar, and residents of Jammu & Kashmir, Assam, or Meghalaya, are exempt from this requirement.

Methods to Link Aadhaar with Mutual Funds

Investors can link their Aadhaar to mutual funds using four main methods: online, offline, via email, or SMS.

Online Method of linking Aadhaar with Mutual Funds

You can easily link your Aadhaar card with your mutual fund using registrars like CAMS and KFin Technologies. Here’s how you can do it:

CAMS (Computer Age Management Services)

1. Visit the CAMS Aadhaar linking page.
2. Under "Investor Services," click on “Link Your Aadhaar.”
3. Choose your type of investor (Individual, HUF, Non-individual).
4. Enter your PAN and click on “Submit.”
5. Fill in your details (Aadhaar number, date of birth, mobile number, gender) and click “Generate OTP.”
6. Enter the OTP sent to your registered mobile number and click “Submit.”

Once verified, your Aadhaar will be successfully linked to your mutual funds.

KFin Technologies Limited

1. Go to the official KFin Technologies website.
2. Select the appropriate option: "Individuals" or "Non-Individuals."
3. Enter your PAN details and receive an OTP on your registered mobile number.
4. Choose the mutual funds you wish to link, then enter your Aadhaar number.
5. Another OTP will be sent to your mobile. Enter it to complete the process.

Offline Method of linking Aadhaar with Mutual Funds

For those who prefer offline options, you can link your Aadhaar to mutual funds by visiting the respective offices of the registrars.

CAMS

• Download the Aadhaar linking form from the CAMS website.
• Fill it out and submit it along with a self-attested copy of your Aadhaar and PAN card at the nearest CAMS office.

KFin Technologies Limited

• Obtain the Aadhaar linking form from the KFin website or their office.
• Fill out the form and submit it with a self-attested copy of your Aadhaar and PAN card at their office.

Asset Management Companies (AMCs)

• Visit the AMC office, fill out the Aadhaar linking form, and submit it along with a self-attested copy of your Aadhaar and PAN.

Linking Aadhaar with Mutual Funds via SMS and Email

A. SMS Method

To link your Aadhaar via SMS, send the following format to +91 9212993399:

ADRLNK [space] PAN [space] Aadhaar number [space] Y

Example: ADRLNK ABCDE1234F 123456789012 Y

B. Email Method

Alternatively, you can send an email to the respective AMC, including the following details:

• PAN number
• Aadhaar number Once verified, the AMC will complete the linking process.

Benefits of Linking Aadhaar with Mutual Funds

Regulatory Compliance: Linking Aadhaar ensures your mutual funds are compliant with government regulations, preventing them from being rendered inactive.

Enhanced Transparency: This linkage helps prevent the misuse of funds, promoting legitimate investments.

Simplified Transactions: It eliminates the need for separate updates when making transactions across different mutual funds.

Faster KYC Process: You can complete the KYC process quickly via e-KYC using your Aadhaar.

Consolidated Portfolio Management: Link all your mutual fund investments into a single portfolio, making it easier to track and manage your assets.

Before proceeding, ensure that the mobile number linked to your Aadhaar is active and matches the one registered with your mutual fund. Accuracy is essential, as discrepancies may delay the linking process. By following these simple steps, you can ensure your mutual fund investments are up-to-date and fully compliant with the regulatory framework.

if you are facing any kind of issues please click on eKYC option and complete eKYC with AADHAR and PAN card it will directly links all your investments with your AADHAR and PAN card.