Categories: Mutual Fund

How to link Aadhaar to Mutual Funds folios online?

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.

  1. HDFC Mutual Fund
  2. DSPBR Mutual Fund
  3. Birla Sunlife Mutual Fund
  4. HSBC Mutual Fund
  5. ICICI Prudential Mutual Fund
  6. IDFC Mutual Fund
  7. IIFL Mutual Fund
  8. Kotak Mutual Fund
  9. L&T Mutual Fund
  10. Mahindra Mutual Fund
  11. PPFAS Mutual Fund
  12. SBI Mutual Fund
  13. Shriram Mutual Fund
  14. Tata Mutual Fund
  15. 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.

  1. 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.
  2. 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-

BasuNivesh

View Comments

  • 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)

  • 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?

  • 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?

  • hi,

    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
    K.Radhakrishna Reddy

  • This article is really helpful in linking the aadhar with various Transfer Agents.

    Thank you for putting this information online.

  • Hi Basavaraj,

    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

    Regards,
    Skanda

        • Hi Basavaraj,

          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.

          Regards,
          Skanda

          • Hi Basavaraj,
            Thanks for the suggestion. Your helping nature is appreciable. Please do continue to contribute to new investors like me.

            Regards,
            Skanda.

          • Hi Basavaraj,

            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?

            Regards,
            Skanda

          • 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 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.

Leave a Comment
Share
Published by
BasuNivesh
Tags: link Aadhaar to Mutual Funds folios
9 years ago

Recent Posts

EPF Scheme 2026: EPF, EPS and EDLI Rules Explained Fully

EPF Scheme 2026 explained fully: EPF withdrawal, EPS pension, and EDLI insurance changes with examples,…

3 days ago

Financial Freedom Without Health? You’ll Regret It Later

Chasing financial freedom? Do health, time, relationships and contentment matter just as much? Sadly, we…

6 days ago

The Peltzman Effect: Why Playing It Safe Can Make You Poor

Your "safe" SIPs, SGBs, PPF, or Index Funds are secretly sabotaging your wealth. Peltzman Effect…

2 weeks ago

Your Retirement Success Depends on Luck, Not Skill

Thinking your retirement plan is foolproof? Why LUCK - not asset or fund selection or…

2 weeks ago

Never Compare Nifty 50 Index Funds Vs Active Large Cap Funds!

Nifty 50 Index Funds Vs Active Large Cap Funds — Can we really compare them…

3 weeks ago

Nifty 500 Multicap 50:25:25 vs Nifty 500: Which Is Best?

Should you pick Nifty 500 Multicap 50:25:25, Nifty 500, or Nifty LargeMidcap 250 Index Fund?…

3 weeks ago