In an email communication sent to asset management companies on October 23, the industry body AMFI or Association of Mutual Funds of India has said that Aadhaar is mandatory for mutual fund investments with effect from January 1, 2018.
According to AMFI norms, your mutual funds must be linked to your Aadhar number by March 31, 2018. It was earlier December 31, 2017, which was extended after Supreme Court intervention. If this is not done, your holdings will be frozen and also no fresh investments will be accepted in them. You will need to separately update your Aadhaar with each RTA (CAMS, Karvy, Sundaram BNP Paribas and Franklin Templeton).
How to link Aadhaar with MF
- Go to the Aadhaar link pages of CAMS, Karvy and Sundaram BNP Paribas. Franklin Templeton is only permitting Aadhaar update through the physical form submission.
- Link the numbers in one of three ways:
Enter your PAN and date of birth/email/mobile number. An OTP will be sent to your mobile number. Enter it to validate your identity.
Enter your Aadhaar number on the next page. The RTA concerned (CAMS, Karvy etc) will verify it the UIDAI and update it in its records.
You will get a text and email confirmation that your Aadhar number has been updated.
Send an email with a scanned copy of your Aadhar card to email@example.com
SMS (Only for Karvy)
Send (ADRLNK <space> <PAN> <space> <AADHAAR NUMBER> <space><Y>) to 9212993399 from your registered mobile.
The RTA concerned (CAMS, Karvy etc) will verify it the UIDAI and update it in its records.
You will get a text and email confirmation that your Aadhaar number has been updated.
Download the Aadhaar linkage form from the link pages given above and submit it at the nearest branch of CAMS, Karvy, Sundaram BNP Paribas and Franklin Templeton. The form for Franklin Templeton has been placed in a separate section, here.