How to Link Aadhaar Card with Mutual Fund Online

Link Aadhaar to Mutual Funds

Linking of Aadhar with Mutual Funds is an important process and is suggested by the Central Government. Government stated that,  As per the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, All the Mutual Fund and Asset Management Company have to collect the Aadhar from the Mutual Fund/Asset holder, get the details verified with UIDAI and link all the Mutual funds with Aadhaar.
 
Aadhar can be linked with Mutual Funds through the following 4 ways :

• Online

• Offline

• SMS

• E-mail

 
Also , You need to check that whether your email id is linked with your Mutual funds to avail the facility of easily linking your Aadhaar with Mutual funds through email. You can send an email to your AMC mentioning your Aadhaar and PAN details and the authority will link the account with Aadhaar.
 
Aadhar Linking with Mutual Funds is an easy and one time process. It can be done through the following ways :
 

1. Link Aadhaar with Mutual Funds Online through CAMS

Aadhar can be linked with Mutual funds online on the CAMS website. You can follow the following steps to do it online :
 
Step 1: Log on to the Aadhar-Linking website of CAMS.
Step 2: Select the above mentioned options as per the category of investor - individual, HUF or non-individuals
Step 3: Enter your PAN details in the space provided and click on “Submit”
Step 4: Enter your Aadhaar number, name, DOB, gender and mobile number.
Step 5:Click on “Generate OTP” to send the OTP to your mobile number registered with the mutual fund
Step 6: Enter the OTP, tick the disclaimer and click on the “Submit” button
Step 7: Your request will be submitted and your mutual funds associated with PAN will automatically be linked with Aadhaar after proper verification
 

2. Link Aadhaar with Mutual Fund through SMS

One of the easiest way to link Mutual funds with Aadhar is by sending an SMS as well. You can do the same by the following steps :
 
Step 1: Type a message in the format : ADRLNKYour PAN NumberYour AadhaarY
Step 2: Send the SMS to +91 9212993399
Step 3: Y in the message is for providing confirmation to Karvy to authenticate and seed Aadhaar with your mutual fund
Step 4: You will get a confirmation message on successful Aadhaar seeding
Step 5: It is important to link Aadhaar with mutual funds managed through CAMS, Sundaram BNP and Franklin Templeton
 
However, Your mobile number should be registered with your mutual fund to avail this facility
. 

3. Link Aadhaar with Mutual Fund through Offline

If your email id or mobile number is not linked with your mutual funds, in that case you can link your Aadhar with Mutual funds through offline mode. Offline mode is the physical KYC process that is followed by the registrars. Registrars like CAMS and KARVY helps the investors to link Aadhaar with Mutual funds folios offline.
Following are the steps to link Aadhaar with Mutual funds offline :
 

1. Firstly, fill up the Aadhar linking form mentioning your personal details, Aadhar number and mutual fund details
2. Along with the form, attach a self-attested copy of your Aadhaar Card
3. Submit your form along with the copy of the Aadhar card at the nearest Service centre of your Fund manager  
4. Once your Aadhar details are seeded successfully, You will get a confirmation message on your number

4. Link Aadhaar with Mutual funds by registering with the Funds House

Another way to link Aadhaar with Mutual funds is by registering with the funds house. This is limited to a situation when an Individual is a new investor or has investment only in one funds house. He can link Aadhaar with the mutual funds account after making the investment also.
Following are the steps to complete the linking process by registering with funds house :

1. Visit the Website of Particular Fund`s house you are registered with.

2. Fill up your PAN details.

3. Select the option `You are not KYC compliant`.

4. Enter your personal details and your mobile number which is registered with Aadhar number carefully.

5. Submit to complete the process.
    

Points to Remember

• For OTP-based authentication, Your mobile number should be registered with Aadhaar

• Mobile number should also be linked with the mutual fund account

• NRIs are not eligible for Aadhaar-linking

• The linking process will not be completed, if the details of the Aadhar linking form does not match the Aadhar Card details.

• All mutual funds can be linked with Aadhaar through your PAN itself.
   

List of Mutual Fund Companies to which KARVY/CAMS Provide Service

Karvy is one of the oldest among all mutual fund registrars—provides services to nearly 90 fund houses. Listed below are the mutual fund houses which are held by KARVY/CAMS :

KARVY

• LIC Mutual Fund

• Canara Robeco

• Axis Mutual Fund

• Reliance MF

• DHFL Pramerica Mutual Fund

• Motilal Oswal Mutual Fund

• Peerless Mutual Fund

• Baroda Pioneer Mutual Fund

• BOI AXA Mutual Fund

• IDBI Mutual Fund

• Taurus Mutual Fund

• INVESCO Mutual Fund

• Mirae Asset Mutual Fund

• Principal Mutual Fund

• Quantum Mutual Fund

• UTI MF

• JM Financial Mutual Fund

CAMS

• L&T Mutual Fund

• HDFC Mutual Fund

• ICICI Prudential Mutual Fund

• DSPBR Mutual Fund

• HSBC Mutual Fund

• IIFL Mutual Fund

• IDFC Mutual Fund

• PPFAS Mutual Fund

• Birla Sunlife Mutual Fund

• SBI Mutual Fund

• Tata Mutual Fund

• Kotak Mutual Fund

• Mahindra Mutual Fund

• Shriram Mutual Fund

• Union Mutual Fund

Who should Link Aadhaar with Mutual Funds?

• All the categories of Investors, whether it is , first holder, joint holders or Power of Attorney (POA) holders, have to link their mutual funds with Aadhar.

• As NRI`s are not eligible for Aadhaar , they are not liable to link it with Mutual funds.

• Residents of Jammu & Kashmir, Assam and Meghalaya are also exempted from Aadhaar linking process.

• In case of Investments made by HUFs, Only the karta of the family has to provide his/her Aadhar details.

• In case of Investments made by Non-individuals such as firms, companies, etc., all the authorised signatories have to submit their Aadhaar details.
   

FAQs on Linking Mutual Funds with Aadhaar Card

Q. Can the linking process be done through any mutual fund distributor?
Ans. Yes, The linking process can be completed offline through a mutual fund distributor.

Q. After completing the linking process through CAMS or KARVY, will the investor receive any notification from UIDAI?
Ans. Yes, an investor will receive an email confirmation from the UIDAI mentioning the Aadhar number, OTP, date, time and the registrar’s name.

Q. If there are more than one account holders for a mutual fund, what are the steps to be followed?
Ans. For a mutual fund which has more than one account holders, All the account holders need to provide their Aadhaar details.

Q. What are the different sources to download the linking form when a customer applies for offline mode?
Ans. A mutual fund investor can download the form from the websites of the transfer agents, association of mutual funds of India, fund houses or registrars.

Q. Is Aadhaar and mutual fund linking is applicable for even NRIs, non-individuals and HUF’s?
Ans. No, for NRIs, non-individuals and HUFs, the Aadhaar-mutual fund linking is not possible from the CAMS website.However, through Karvy’s website non-individuals can complete the linking process.