Link­ing Aad­haar with mu­tual fund fo­lios

Hindustan Times ST (Jaipur) - - World - Lisa Pallavi Barbora lisa.b@livemint.com

After your bank ac­counts and phone num­bers, it is time to link your mu­tual fund fo­lios to your Aad­haar num­ber. Here’s how to go about it.

GET IN TOUCH WITH THE AMC

You can di­rectly ap­proach the as­set man­age­ment com­pany (AMC) of your mu­tual funds. This can be done on­line through their web­site. While some have a link on the home page it­self, guid­ing you to the page for up­dat­ing Aad­haar de­tails, oth­ers may have the link un­der the cus­tomer or in­vestor ser­vices tab. Once you are there, have your fo­lio num­ber and Per­ma­nent Ac­count Num­ber (PAN) handy. Along with this in­for­ma­tion, you may also need to en­ter your name, date of birth, email ID and phone num­ber linked to Aad­haar. If there is no op­tion on­line, you can call your AMC and re­quest to link Aad­haar, for which you may need to fill and sub­mit a form with all the rel­e­vant de­tails.

ON THE RTA WEB­SITE

Mu­tual fund regis­trar and trans­fer agents (RTAs) can also fa­cil­i­tate this up­date. For ex­am­ple, Com­puter Age Man­age­ment Ser­vices Pvt Ltd (Cams), an RTA, has an on­line link on its home page to help you con­nect all the fo­lios for fund houses ser­viced by it. You can ac­cess it en­ter­ing your PAN, name and email ID or phone num­ber or date of birth. Next, as on an AMC’s web­site, an OTP will get sent to your Aad­haar reg­is­tered phone num­ber. Once all de­tails are pro­vided, the RTA will share the same with the AMCs and you would re­ceive con­fir­ma­tion from the fund house about this. Other RTAs such as Karvy Com­put­er­share Pvt Ltd, Franklin Tem­ple­ton AMIL and Sun­daram BFS will also be able to fa­cil­i­tate for the fund houses ser­viced by them.

MUM­BAI:

DIS­TRIB­U­TORS

Modal­i­ties of the process to be fol­lowed by a dis­trib­u­tor, to up­date your Aad­haar via an AMC, are still be­ing put in place. It is likely that you will be able to do this for on­line and phys­i­cal dis­trib­u­tors soon.

WHAT YOU NEED TO WATCH OUT FOR

The name on your fo­lio should match the name in your Aad­haar; else there is a chance of the re­quest get­ting re­jected. The up­da­tion hap­pens via in­vestor ap­proval, which means an OTP-based ver­i­fi­ca­tion in­stead of a bio­met­ric one.

MINT/FILE

The name on your fo­lio should match the name in your Aad­haar

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