Linking Aadhaar with Mutual Funds: Integration Process Guide

The Indian Government encourages linking mutual funds with Aadhaar in compliance with the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017. Asset Management and Mutual Fund Companies are required to collect Aadhaar numbers, verify details with UIDAI, and link mutual fund accounts with Aadhaar.

There are multiple methods available for linking Aadhaar with mutual funds: online, offline, via SMS, and through email. To link via email, individuals need to email their Asset Management Company (AMC) with their Aadhaar and PAN details. However, this facility is accessible only if your email is linked to the mutual fund account.

Online Aadhaar Integration for Mutual Funds via CAMS: Procedure Guide

The procedure for linking Aadhaar with mutual funds online through CAMS:

Access CAMS Portal:
Visit the CAMS (Computer Age Management Services) website or portal dedicated to mutual funds.
Login or Register:
Log in using your existing credentials or register for a new account on the CAMS portal.
Find Aadhaar Linkage Section:
Look for the specific section or option related to Aadhaar linking within your mutual fund account settings.
Enter Aadhaar Details:
Input your Aadhaar number and other required information as prompted.
Validation and Submission:
Verify the details and submit the request for Aadhaar linkage with your mutual funds.
Confirmation:
Upon successful submission and verification, you should receive a confirmation or acknowledgment indicating the successful Aadhaar integration with your mutual fund investments through CAMS.

Link Your Aadhaar Card

SMS-based Mutual Fund Aadhaar Linking: Easy Connectivity Steps

The process for linking your Aadhaar with Mutual Funds via SMS generally involves these steps:

Compose the Message:
Create a new text message on your mobile device.
Format the SMS:
Enter the required information in the specific format, typically comprising your mutual fund company’s designated SMS format for Aadhaar linkage.
Enter Details:
Provide your Aadhaar number and any other required details as instructed by the mutual fund company.
Send the SMS:
Send the completed message to the provided number or shortcode specified by your mutual fund company.
Confirmation:
Upon successful receipt and processing, you may receive a confirmation SMS acknowledging the successful linkage of your Aadhaar with your mutual fund account.

Offline Mutual Fund Aadhaar Linking: Step-by-Step Manual

The process for linking Aadhaar with mutual funds offline typically involves these steps:

Download the Form:
Obtain the Aadhaar linking form from your respective Mutual Fund company’s website or branch office.
Fill in Details:
Complete the form by entering your Aadhaar number, PAN details, and any other required information accurately.
Attach Supporting Documents:
Attach self-attested copies of your Aadhaar card, PAN card, and any additional documents as specified in the form.
Visit Mutual Fund Office/Branch:
Take the filled form and the supporting documents to your mutual fund company’s nearest branch office.
Submission:
Submit the form and documents to the designated representative at the branch for Aadhaar linking.
Verification and Acknowledgment:
The representative will verify the details and provide an acknowledgment or receipt once the Aadhaar is successfully linked with your mutual fund account.

Eligibility for Aadhaar Linkage with Mutual Funds

Individuals holding mutual funds, including the primary holder, joint holders, guardians (for minors), Power of Attorney (POA) holders, and contributors to children’s schemes, are mandated to provide their Aadhaar details. However, certain exemptions apply:

NRIs:
Non-Resident Indians (NRIs) are not obligated to link their mutual funds with Aadhaar as they are not eligible for Aadhaar identification.
Residents of Certain Regions:
Residents of Jammu & Kashmir, Assam, and Meghalaya are exempted from the Aadhaar seeding requirement.
Non-Individuals:
For entities such as firms, companies, etc., all authorized signatories are required to submit their Aadhaar details.
HUF Investments:
In the case of investments made by Hindu Undivided Families (HUFs), the head of the family (Karta) is responsible for providing the Aadhaar card details.

It’s important to adhere to these guidelines to ensure compliance with the mutual fund company’s requirements and regulatory standards.

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Email: compliance@hindujaleyalandfinance.com
Investor Relation: investorrelations@hindujaleylandfinance.com

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