How To Link Aadhaar To Mutual Fund Investment Online?

If you invest in mutual funds through a SIP, you should be aware of certain crucial information such as Mutual funds and your Aadhar Number linking. If you do not link your PAN and Aadhaar by the deadline, your mutual fund's SIP will be halted.

The Government of India has made it mandatory for mutual fund investors to link their respective Aadhar numbers to their mutual fund investments. The Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017 have been amended to make the process of integrating mutual fund investments with Aadhaar easier.

It's simple to link your Aadhaar number to mutual funds, but make sure the phone number linked with your Aadhaar account is active in order to receive OTP on the linked mobile number. Mutual fund investors have the option of using mutual fund registrars to finish the connecting procedure rather than visiting each fund company separately.

The majority of registrars offer online tools to assist with the Aadhaar connection procedure. However, you will not be required to update Aadhaar with each fund. If the funds are managed by various registrars, you would need to update your Aadhaar with each one. Investors can visit the website of the registrar that serves their mutual fund's product, such as CAMS (computer age management systems) or Karvy, and complete the steps mwntioned below:

Steps to Link Aadhaar and Mutual Funds with CAMS

Step 1: Visit the CAMS website and Click on the 'Investor service' menu and select the 'Link Your Aadhaar' option displayed on the left side of the page. 
Step 2: Enter in all of your personal information, such as your PAN, Aadhaar number, name, date of birth, and gender.
Step 3: Based on your investments, you may pick any of the fund houses that display on the screen.
Step 4: Select 'Generate OTP' from the drop-down menu. This ensures that you receive OTP on your UIDAI-registered mobile number.
Step 5: Verify the obtained OTP by entering it.
You will receive an acknowledgment stating that the operation was completed successfully. UIDAI will also send you an acknowledgment email.

Note-If you complete this process successfully, all of your CAMS money will be connected to your Aadhaar. By accessing this link, you may follow these easy steps.

Steps to Linking Aadhaar with KARVY for Mutual Funds

If your Mutual Funds are held with Karvy as the registrar, Aadhaar and Mutual fund linkage can be accomplished from Karvy's website. Given below are the steps to guide you through:

Step 1: Visit the official website of Karvy
Step 2: Click on the 'Link your Aadhar' tab
Step 3: Under the online linking process, enter your PAN and click on the 'Generate OTP' button. Remember to link your mobile and Aadhaar beforehand to avoid any last-minute hassle
Step 4: An OTP will be generated to the registered mobile number or email ID
Step 5: Tick the mutual fund scheme that you have or want to link and click on the consent confirmation box
Step 6: Enter the Aadhar number in the respective box and click on the 'Submit' button
Step 7: The above steps complete the linking process successfully. The investor will get a confirmation message from Karvy regarding the linking process.

The Deadline

The deadline to connect Aadhaar to a PAN has been extended to March 31, 2022. It is recommended that you link your Aadhaar number with a mutual fund in order to avoid last-minute complications. Failure to do so may result in the portfolio's inability to function. Investors may be banned from making new investments or withdrawing their funds until their Aadhaar has been connected.