Recently there was news that from now onwards Aadhaar is mandatory for buying and selling of stocks and Mutual Funds. In this direction, it is better for you to be ready with all your Demat accounts and Mutual Funds be linked to Aadhaar. Let us see how to link Aadhaar to Mutual Funds folios online.
As per recent amendments to Prevention of Money Laundering Act (PMLA) Rules, 2017, Financial Institutions like Mutual Funds are mandated to obtain Aadhaar Number from their customers and link the same to the respective accounts. For your convenience, CAMS is facilitating the process of linking your Aadhaar information in Mutual Funds (serviced by CAMS) where you hold account(s) / selected by you, in the submission form below.
CAMS (Computer Age Management Services Pvt. Ltd.) started the process of link Aadhaar to Mutual Funds folios online. Do remember that CAMS is like middlemen between you and Mutual Fund companies and acts as a Transfer Agency serving over 60% of assets of the industry across 15 Mutual Funds.
Hence, if you link Aadhaar to Mutual Funds folios online using CAMS platform, then you are able to link only to those 15 Mutual Fund companies to which it serves as Transfer Agents. The list of CAMS serving Mutual Fund Companies is as below.
- HDFC Mutual Fund
- DSPBR Mutual Fund
- Birla Sunlife Mutual Fund
- HSBC Mutual Fund
- ICICI Prudential Mutual Fund
- IDFC Mutual Fund
- IIFL Mutual Fund
- Kotak Mutual Fund
- L&T Mutual Fund
- Mahindra Mutual Fund
- PPFAS Mutual Fund
- SBI Mutual Fund
- Shriram Mutual Fund
- Tata Mutual Fund
- Union Mutual Fund
Hence, if you used CAMS online platform to link Aadhaar to Mutual Funds folios online, then it means that you automatically linked to all Mutual Funds which you are holding in these above listed mutual fund companies.
Along with CAMS, there are other Transfers Agents and they are as below.
- Karvy Computers (Provides services to rest of AMCs)
- Franklin Templeton International Services (Provides services only to Franklin Templeton Mutual Funds)
- Sundaram BNP Paribas Fund Services (Provides services only to Sundaram and BNP Paribas Mutual Funds)
As of now, CAMS only started this process of link Aadhaar to Mutual Funds folios online. Others may also soon start the facility.
How to link Aadhaar to Mutual Funds folios online?
Link Aadhaar to Mutual Funds folios online – KARVY
Karvy also started the facility of link Aadhaar to Mutual Funds folios online. Let us see the types of options available.
Option 1–Link Aadhaar to Mutual Funds folios online using Karvy platform
# Step 1-
Visit the KARVY Aadhaar linking portal. Enter your PAN number and they will send you OTP to your registered mobile number.
# Step 2-
Now you have to enter your PAN number, authorize Karvy for accessing your Aadhaar details for linking of Aadhaar with Mutual Funds folios online, and also enter your Aadhaar number. Then click on Submit tab.
# Step 3-
Once you complete this process, then you will receive an email from Karvy regarding the same as confirmation and also from Aadhaar about the authentication successful message.
That’s it and you linked your Aadhaar to all Mutual Funds where Karvy is R&T Agent.
Option 2–Link Aadhaar to Mutual Funds folios through SMS facility
Along with the online process of linking, Karvy also started the process of linking Aadhaar to Mutual Funds folios using SMS facility. The process is as below.
Send (ADRLNK <PAN> <AADHAAR NUMBER>) to 9212993399 from your registered mobile number. On authentication, the same will be updated across all your folios where Karvy is R&T Agent.
Option 3–Link Aadhaar to Mutual Funds folios through offline mode
If you have not registered your email or phone number, then you have to download the below form and submit it to any Karvy Branches or send to them through courier.
Aadhaar linking to Mutual Funds Karvy Form Download
Option 4–Link Aadhaar to Mutual Funds folios through distributors
You can also link your Aadhaar to Mutual Funds folios through your distributors. They will scan and upload the file to Karvy platform for distributors.
Link Aadhaar to Mutual Funds folios online – CAMS
CAMS provided the link in its portal for link Aadhaar to Mutual Funds folios online. Steps are as below.
# Step 1
Visit CAMS portal and click on the tab “Investor Services”.
# Step 2-
Then under “Investor Services”, you have to select the option “Link your Aadhaar”.
# Step 3-
Next step is to provide your registered email id, PAN number, Aadhaar number and mobile number. Then click on the tab of Submit.
# Step 4-
Once you submit the details, then you will receive the OTP (One Time Password) to your registered Email ID and Mobile. You have to enter the same in below screen.
Do remember that by authorizing CAMS to validate your Aadhaar, you are linking your Aadhaar to all your CAMS servicing Mutual Fund Companies where you are First Holder / Joint Holder / Guardian.
# Step 5-
Once this process is over, then you will receive the below success message.
# Step 6-
Once authentication is successful, then you also receive the email confirmation of the same as below.
Hope this information may be useful to all. Let us hope that other Transfer Agents also start such unique facility soon.
Link Aadhaar to Mutual Funds folios online – Franklin
Now Franklin also started the online service to link your Aadhaar to Mutual Funds folios online. The process is as below.
Visit the link of Franklin Templeton India Aadhaar linking to Mutual Fund and you can easily link Aadhaar to Mutual Funds folios which are with Franklin.
What happens if you do not link Aadhaar to Mutual Funds folios?
If you do not link Aadhaar to Mutual Funds within the deadline, then you may face the below situations.
- Purchase (New & additional purchase), Redemptions, Switches, New registration of SIPs, STP, SWP, DTP, unclaimed dividends/redemptions, Lien Marking, Minor Attaining Majority and Transmission (unless Aadhaar is provided) which are Customer Initiated Transactions will not be permitted.
- Dividend Payments, Pre-existing SIPs, SWP, STP, Close-ended fund maturity payout, KYC related changes, a Non-financial transaction, Lien invocation by the financial institution or Pledgee or any transaction pursuant to a Court or Regulatory Order, shall be permitted (as the same are not initiated by the customer).
Hence, hurry up and link Aadhaar to Mutual Fund folios at the earliest.
Refer other posts related to this-
- How to lock and unlock Aadhaar Card online and prevent misuse?
- How to link Aadhaar with PAN Card OFFLINE (Download Form)?
- Unable to link Aadhaar with PAN – What are the alternatives?
- How to link Aadhaar to EPF using online and offline?
Hi – I have 3 mutual funds. The mobile number associated with them is very old, which I haven’t been using since 2011. When I am trying to link my Aadhar number through CAMS, it is sending an OTP to old mobile number, to which I don’t have access. How do I link my Aadhar number to these mutual funds? is there a way to do it online. I tried to contact the customer care, but no luck.
Sahi- First update your number in all Mutual Funds. Once it is done, then try to link it.
In beginning of 2000s my lic agent helped me buy mutual funds for me offline, meaning i signed foem, he did the paperwork. It was before I got a demat account. I think it was a tax saver fund. He is not contact-able, and since we shifted house, no info of the fund.
Is there any way I can find out which amc mf did i buy or which bank account is it connected to (if connecting mf to bank is possible)
Sharma-Whether you submitted your PAN while investing through an agent?
I invest through icici direct website. I put my aadhar, pan info in the site.
Is that enough or should I put these aadhar, pan details again in cams, karvy etc sites.
I have little amounts in various funds including franklin, pnb, etc. So do i have to put info in all sites as mentioned in your article?
Ajay-You have to link it through CAMS, Karvy and etc.
I have a L&T folio which is not having PAN number as its 10 year old. How to update pan no.and get it kyc compliant?
Swarn-You have to produce modified KYC form and submit to AMC.
what is last date for linking aadhaar card with mutual fund
Ads-Deadline to Link Aadhaar to Mutual Funds extended to 31st March 2018.
I am investing Rs 12,000 p.m in the below funds.
Axis long term equity fund: 2,000
Franklin Build india fund: 2,000
HDFC small cap fund: 3,000
ICICI next 50 Index Fund: 2,000
SBI Blue chip fund: 3000
Please suggest me whether any changes are required in my portfolio. I am investing in all these funds for my wealth growth. So i choose all these funds of Equity in nature with high risk.
Thanks & Regards
RAdhakrishna-Without knowing much about your financial goal, it is hard for me to comment.
This article is really helpful in linking the aadhar with various Transfer Agents.
Thank you for putting this information online.
I am planning for my retirement. I am 46 yrs. Based on my affordability, I am planning to invest Rs.3000 in the following mutual funds for about 14 yrs duration, specifically in direct plans. Please do let me know your views. I have selected small/mid caps thinking that, in the long run, they would perform better compared to large cap.
01. Franklin India Smaller Companies Fund (Growth/Direct)- Rs.1000
02. Mirae Asset Emerging Bluechip Fund (Growth/Direct)- Rs.1000
03. HDFC Mid-Cap Opportunities Fund (Growth/Direct)- Rs.1000
Skanda-Asset allocation is a MUST.
Thanks for your feedback. Can you tell me about asset allocation?
Based on your inputs, I googled and got below information. My portfolio looks like:
01. Franklin India Smaller Companies Fund (Growth/Direct) (Equity : Mid & Small Cap)- Rs.1000
02. HDFC Mid-Cap Opportunities Fund (Growth/Direct) (Equity : Mid & Small Cap)- Rs.1000
03. ICICI Prudential Long Term Fund (Growth/Direct) (Debt : Medium & Long Term)- Rs.1000
Asset Allocation: Equity: 67% Debt: 33%
I used https://www.rupeevest.com online tool to understand asset allocation.
I am right here? Please do suggest if I need to improve on.
I also found that between Franklin India Smaller Companies Fund and HDFC Mid-Cap Opportunities Fund there is a 18% of portfolio overlap. Is it a safer margin?
Skanda-Yes, usually there is some% of overlap even though you diversify the asset based on market cap. But 18% overlap not a big issue.
Thank you for the inputs.
Can you please comment on this part? Eager to know my R&D results 🙂
Skanda-Include one large cap, one mid cap and one small cap in the ratio of 50:30:20.
Thanks for the suggestion. Your helping nature is appreciable. Please do continue to contribute to new investors like me.
Thank you for providing the detailed information. I was able to submit my details to Franklin Templeton only through the link provided in this blog; this I was not able to do earlier.
I do hope you will continue to keep us up-to-date with similar blogs.
Yash-Sure and great to know this 🙂
Really appreciate you taking time out to guide investors.
I had linked Aadhar thru camsonline(about 20days back)and also by physical submission of form and aadhar copy at CAMS centr(about 12days back). How much time do AMC’s/ CAMS take to let us know if the link has been successful. I presume there is no provision to check if aadhar is successfully linked to all MF’s
Dhruti-There is no such deadline or provision to check. However, Karvy used to send the confirmation email.
Is it mandatory to show the Gains in ITR even if it is redeemed after locking period of 1 Yr?
Anubhav-Yes, but show such tax-free income in exempt income.
how can i generate such statement which i can upload in ITR? Mine MFs are both server by CAMS & Karvy also. Can i generate one statement or need to generate separately.
Anubhav-You no need to generate and upload statements while filing ITR. You just have to show in ITR.
Thanks for detailed explaination
Sir, I have a CAN number from MF Utilities. I am buying MF’s via mfuonline portal. While registering there, i have not given aadhaar number but PAN. Now since i have linked PAN with aadhaar, is it fine i.e. no need to separately link aadhaar. Otherwise please let us know how to link aadhaar to CAN number provided by MF utilities. Thanks in advance.
Ullas-You have to still link your MF Folios with Aadhaar using above procedure.
Thanks for the reply. When you say “using above procedure”:
i) Are you saying to link aadhaar via CAMS. I have already purchased MF’s from SBI, Kotak, Birla sunlife amc’s which can be covered by CAMS.
ii) But i also have one MF from motilal oswal. How to go about it?
Ullas-You have to link to CAMS and Karvy in your case.
I AM NOT ABLE TO LINK MY AADHAR WITH MUTUAL FUND INVWSTMENTS WHRE
I AM THE JOINT HOLDER. WHEN I AM SUBMITTING REQUEST THROUGH ONLINE MODE
IN CAMS WEBSITE ONLINE AADHAR LINKING PORTAL FOR LINKING OF MY AADHAR WITH
MY ALL ALL MF INVESTMET FOLIOS, CAMS ARE NOT NOT NOT DISPLAYING THE MF FOLIOS (for
AADHAR LINKING ) WHERE I AM THE JOINT HOLDER.
I AM AN AGED HOUSE WIFE, I SEEK YOUR HELP / GUIDANCE AT THR EARLIEST.
Jayanti-If you are not the first holder of the folio, then usually the first holder name ONLY display. However, all holders of Mutual Funds must link their Aadhaar to Mutual Fund Folios. Also, check whether the fund you are investing will be managed by CAMS or some other R&T Agents. Based on that you have to update. What error you are getting?
Online linking of Aadhaar number to Sundaram MF can now be done at https://www.sundarambnpparibasfs.in/web/service/aadhaar/
Ramana-Thanks for sharing this information. I will update the same.
Aadhar linking with MF really required for NRI’s?
Kumar-NRIs are exempted.
This very much helpful. Thanks I linked my Aadhar successfully.
I want to invest Rs.1,00,000 lumpsum amount in SIP for 15years. This is to teach my son the power of compounding who is 10 years now. So when he attains age of 25 years he understands the importance of investments. Planned SIP amount is Rs.500 per month. Following are my queries:
(a) How to invest in systematic transfer plan since it is lumpsum amout?
(b) Which is the best mutual fund available in market today for investment? can you suggest top 3 of them that can be started with Rs.500?
(c) Please mention the reason behind suggesting best funds?
(d) Should I go with regular or direct plan? Will thre be any difference in returns or NAV between them?
Skanda-I really appreciates your thought process. But keeping the money in the liquid fund for so long and STP of Rs.500 means you are not generating enough return from the capital of lump sum. Instead of keeping that money particularly for this goal of teaching your kid, better you utilize that money for your other financial goals and start a SIP separately for educating him.
a) I already replied.
b) Use single fund if your amount is Rs.500 like HDFC Balanced Fund.
c) Equity and Debt allocation in ratio of 65:35 as default and tax efficient than separating the same. Also, with such Rs.500 it hard to diversify.
d) Direct. Yes, the difference in return of around 1%. Never judge the fund based on NAV.
Thanks a lot. I appreciate your quick reply. Your blogs are really an eye opener for beginners.
Thanks for the detailed Info. Would you be able to guide further on Franklin Templeton Mutual Fund (i.e. which site to go, steps etc.)? This is not serviced by either CAMS or Karvy. When I reached out to Customer Service of FT, they were clueless.
Many thanks for your help.
Thanks and regards
Amol-As of now Franklin AMC not yet started this process. You have to wait.
Very detailed and important information. Thanks for sharing.
Knew about CAMS. Didn’t know that Karvy had also started.
Deepesh-Great and do share with others also.
Dear Basu, I need your opinion on my financial planning. My father died 5 yrs back. Now I’ve inherited 30 Lakh rupees from him. He didn’t made any house, instead he saved & invested money.
I bought a flat with home loan of 12 lakhs @ 9%, I do prepay the home loan by 50k every 3-4 month from my FDs interest & monthly savings (3 Lakhs already paid off). I believe in debt free life so that I don’t have to compulsorily do a job under anyone. I’m unmarried 28 male, with plan to marry by 30. Is this correct way? Or should I invest the amount and let the loan EMI continue?
Another thing is I’ve not taken any life insurance as I’ve 30 lakhs FDs which I inherited from my father. My theory is that why pay for premium when I have that much amount in cash with me which my family will get after my death. Although I’ve adequate PA insurance coverage so that I can get money if I survive any major accident. Is this theory correct?
I’ve some MF investments and wish to put those 50Ks after loan closure as SIP in MFs.
Adamya-Please email me the details firstname.lastname@example.org.
What details you need? I’ve already given all info above. I’ve two questions basically, from the info given above.
1. Should I prepay my Home-loan with 50k installments or Should I invest the lump-sum amount and let the loan EMI continue?
2. Is my logic correct of not taking life insurance as I’ve 30Lakh corpus in FDs which my family will get anyway after my death. Then why waste money on insurance premium.
I’ve some MF investments and wish to put those 50Ks after loan closure as SIP in MFs.
Adamya-1) For you it may be full information, but it is not suffice to judge.
2) Insurance is risk mitigating product. Not a waste.
Dear Basu, Thanks for the reply. Tell me what else information you need.
I’m planning to start investing in stock market this year with small amount. Your articles (or a series of them) can be really helpful for many of us. Starting with some basics along with some methodologies you follow for picking stocks or creating/maintaining your stock portfolio. You’ve a good way of explaining things.
I’m also curious on your learning curve about stocks, how your started and how you reached the position you’re in today. How your mentality changed from beginner as you matured in this avenue.
Adamya-Sorry, when I shared information about stocks? I never written about stocks as I am not an expert in direct stock investment.
Sir, I just tried to do that. The website is throwing programming script error after I submit the form after filling-in the required information. So, I guess it is back to maintenance mode now.
This time it did work and I was able to successfully seed Aadhaar Number with my MF Folios. Thanks to you Sir.
Dibyendu-Great to know 🙂
I thank for the information. It will be very useful to all investors in mf.
Sankarasubramanian-Great to know and suggest you to share with your known.
Thanks a lot Basu for this very important and informative article. I had completely forgotten about linking Aadhaar to my MF folios.
Moreover, Government is asking all the link Aadhaar with various service providers such as with Mobile Numbers, Mutual Funds, Income Tax, and Bank Accounts etc.
Please keep posting such posts at regular intervals.
Thank you Basu for sharing this step by step guide. This one is completely gone out of mind and you have shared this topic at the right time. These days almost everything is getting linked with Aadhaar and I forget about this.