In 2017, the Indian government introduced amendments requiring mutual fund investors to link their Aadhaar numbers with their mutual funds. This initiative was designed to enhance transparency and streamline financial processes. Asset Management Companies (AMCs) now collect Aadhaar numbers, verify them with UIDAI, and link them to mutual fund accounts. There are several convenient ways to link your Aadhaar with mutual funds, including online, offline, via e-mail, or SMS.
This guide covers each method, helping investors understand how to seamlessly link their Aadhaar with mutual funds.
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Steps to Link Aadhaar Card with Mutual Funds OnlineInvestors can easily link their Aadhaar cards to their mutual fund portfolios online through the websites of Registrar and Transfer Agents (RTAs) like CAMS and KFin Technologies Limited. Both platforms provide a user-friendly interface to facilitate this process.
CAMS Aadhaar Linking Process
CAMS is one of the most popular platforms used for linking Aadhaar with mutual funds. The steps are as followsVisit the Aadhaar Linking Platform: Investors should go to the CAMS website and access the Aadhaar linking platform.Click on Investor Services: Navigate to the “Investor Services” section and select “Link Your Aadhaar.”Choose the Type of Investor: Based on your profile (individual, HUF, or non-individual), select the relevant option.Enter PAN Details: Provide your PAN details and click “Submit.”Provide Personal Information: Enter your Aadhaar number, date of birth, mobile number, and gender, then click “Generate OTP.”Verify OTP: Enter the OTP received on your registered mobile number, and click “Submit” to complete the linking process.Once the request is submitted, CAMS will verify the information with UIDAI, and the Aadhaar number will be linked to your mutual fund accounts after validation.
KFin Technologies Limited Aadhaar Linking Process
Another major RTA, KFin Technologies Limited, provides a simple online process to link Aadhaar with mutual fundsVisit the Official Portal: Investors need to go to the KFin Technologies website and access the Aadhaar linking page.Choose the Investor Type: Select either the ‘Individuals’ or ‘Non-Individuals’ option based on your category.Enter PAN Details: Input your PAN number, and an OTP will be sent to your registered mobile number.Select Mutual Funds to Link: After entering the OTP, select the mutual funds you wish to link to your Aadhaar.Provide Aadhaar Details: Enter your Aadhaar number, and a second OTP will be sent to your mobile for final verification.After submitting the OTP, your Aadhaar will be successfully linked to the selected mutual funds.
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How to Link Aadhaar Card with Mutual Funds Offline
If you prefer to link your Aadhaar with mutual funds offline, there are several ways to do so. Offline linking is a practical option for individuals who may not be tech-savvy or who have limited access to online services.
CAMS Aadhaar Linking Process OfflineDownload the Aadhaar Update Form: Visit the CAMS website and download the Aadhaar update request form.Fill and Submit the Form: Complete the form with accurate details, sign it, and submit it to the nearest CAMS office. Be sure to include a self-attested copy of your Aadhaar card.KFin Technologies Limited Aadhaar Linking Process OfflineObtain the Aadhaar Linking Form: Download the form from KFin’s official website or visit a nearby office to collect the form.Submit the Completed Form: Fill in the required details and submit the form, along with a self-attested copy of your Aadhaar card, to the nearest KFin Technologies office.Linking Aadhaar with AMCs Directly
Investors can also link their Aadhaar with mutual funds by visiting their respective AMCs. Here’s how to do itCollect the Aadhaar Linking Form: Visit the AMC office and request the Aadhaar linking form.Fill and Submit the Form: Provide all required details and attach a self-attested copy of your Aadhaar card. After verification, your Aadhaar will be linked to your mutual fund accounts.Linking Aadhaar with Mutual Funds via E-mail and SMS
Linking Aadhaar with mutual funds can also be done through e-mail or SMS, making the process even more accessible for those who prefer these methods.
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Linking Aadhaar via SMS
Type the SMS in the Following Format: ADRLNK PAN Aadhaar number Y.Send the SMS: Send the SMS to +91 9212993399. The “Y” in the message stands for the investor’s consent, allowing KFin Technologies to authenticate and link the Aadhaar number to mutual funds.Linking Aadhaar via E-mailInvestors can also link their Aadhaar with mutual funds by sending an e-mail to their respective AMCs. The e-mail should include the investor’s PAN and Aadhaar details. Once the AMC verifies the information, the Aadhaar number will be linked to the investor’s mutual fund account.
Final Tips for Aadhaar LinkingBefore proceeding with the Aadhaar linking process, ensure that your mobile number is registered with both your Aadhaar and the mutual fund house. This is crucial as OTP verification is a key step in most Aadhaar linking methods.
Additionally, make sure that the details you provide on the application form exactly match those on your Aadhaar card to avoid any discrepancies during the verification process.
