Meta Description: Learn the simple and effective ways to link your Aadhaar with mutual funds both online and offline. Stay compliant with government regulations and secure your investments with guidance from My Advisers, the Best Financial Advisor in India.
Table of Contents
- Why Linking Aadhaar with Mutual Funds is Important
- Methods to Link Aadhaar with Mutual Funds
- Linking Aadhaar via Mutual Fund Registrars
- Linking Aadhaar via Fund Houses
- Linking Aadhaar Using SMS
- Offline Aadhaar Linking with Mutual Funds
- Pro Tips for Aadhaar Linking
- Why Choose My Advisers for Financial Guidance
Why Linking Aadhaar with Mutual Funds is Important
The Indian government has mandated that mutual fund investors must link their Aadhaar cards with their mutual fund investments. This rule helps verify the identity of investors and supports legal and transparent transactions, preventing money laundering. The requirement was introduced through amendments in the Prevention of Money Laundering Act Rules, 2017.
Failure to link Aadhaar with mutual funds can prevent further investments and redemption of current holdings. Acting promptly ensures uninterrupted access to your investments.
Methods to Link Aadhaar with Mutual Funds
You can link your Aadhaar with mutual funds through the following ways:
- Through Mutual Fund Registrars
- Directly via Fund Houses
- By sending an SMS
- Offline by submitting documents
Each method offers convenience depending on your preferences.
Linking Aadhaar via Mutual Fund Registrars
Mutual fund registrars maintain records of investments and redemptions. They play a key role in Aadhaar linking as they keep investor details updated.
The three major registrars are CAMS, Karvy, and Franklin Templeton. Below are detailed steps for each.
CAMS Process
- Visit the CAMS official website, select Investor Service, then click Link Your Aadhaar.
- Enter your PAN number. Choose one of the identification options: Mobile Number, Date of Birth, or Email Address. Provide the relevant details.
- Click Verify. On the next page, enter your Aadhaar number and registered mobile number. Email is optional.
- Generate OTP and enter the OTP received on your mobile. Submit the details.
A confirmation message will appear after successful verification.
Karvy Process
- Go to the Karvy Aadhaar linking page and choose Link Your Aadhaar.
- Enter PAN and request OTP.
- Provide the OTP received on your registered mobile or email.
- Select the mutual fund schemes you want to link your Aadhaar with. Confirm consent.
- Enter your Aadhaar number and submit.
You will get a confirmation once your Aadhaar is linked.
Franklin Templeton Process
- Access the Franklin Templeton website, click Customer Service, then choose Update Aadhaar Number under Instant Services.
- Enter PAN and select one method from Date of Birth, Pin Code, or Last Transaction Amount for verification.
- Provide your registered bank account number associated with Franklin Templeton investments.
- Input your Aadhaar number and submit your request.
The system will confirm once the linking is complete.
Linking Aadhaar via Fund Houses
If you invest only within a single fund house or multiple schemes under one, you can link Aadhaar directly on their website.
Steps to follow:
- Visit the official fund house website where your investments exist.
- Enter your PAN and select the option indicating you are not KYC compliant if applicable.
- Follow on-screen instructions carefully.
- Enter your Aadhaar number and verify as required.
This method is straightforward for investors concentrated in one fund.
Linking Aadhaar Using SMS
For a quick offline option, you can use SMS if your investments are registered with Karvy:
- Open a new message on your phone. Type:
ADRLNK <space> <PAN> <space> <AADHAAR NUMBER> <space> Y - Send the SMS to 9212993399 from your mobile number registered with Karvy.
You will receive a confirmation once verification is complete.
Offline Aadhaar Linking with Mutual Funds
Investors can also complete Aadhaar linking offline by submitting a KYC form:
- Download the KYC form from registrar websites like CAMS or Karvy.
- Fill out the form, including your folio number.
- Attach a self-attested copy of your Aadhaar card.
- Submit the form in person or via post to the registrar’s office.
This option suits those preferring physical document submission.
Pro Tips for Aadhaar Linking
- Keep your PAN, Aadhaar, and registered mobile number handy before starting the process.
- Double-check all details for accuracy to avoid delays.
- For multiple investments, linking through registrars covers all linked funds efficiently.
- Use online options for faster processing and instant confirmations.
- Contact My Advisers for expert help if you encounter issues or want personalized advice.
Why Choose My Advisers for Financial Guidance
My Advisers stands as the Best Financial Advisor in India, providing comprehensive support across financial products, including investments and mutual funds. Through our platform, you can access clear comparisons and trusted services with transparent processing. Our team of Financial Consultants Near Me is ready to help you make smart decisions.
For a seamless experience in linking Aadhaar with your mutual funds or broader financial planning, Contact Us for Free Financial Consultation and take the first step towards securing your financial future.
Explore our services and learn how we can assist you to achieve your investment goals effectively.
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For similar read, check out LIC pension and retirement plans to explore options to secure your future alongside mutual fund investments.
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