Do you know, it is mandatory to link your Aadhaar with Mutual funds and demat accounts by 31st December 2017.
As this linking has been made mandatory, now the MF fund houses and depository participant (DP) are bound to start asking to link your Aadhaar.
CAMS (Computer Age Management Services) is the first MF agent to launch an online service to link your MF investments to Aadhaar easily.
Let us see how to link your Aadhaar to Mutual Funds folios online using CAMS in few simple steps.
Who is CAMS?
CAMS is one of the main Registrar and Transfer (R&T) Agent in India with over 60% of assets of the industry across 15 Mutual Funds.
How to link your Aadhaar with mutual funds on CAMS online?
Step 1: Visit CAMS website – https://www.camsonline.com
Step 2: Click on Investor Services tab.
Step 3: Click on the “Link Your Aadhaar” item from the left-hand side navigation menu
Step 4: Here, fill up your important details like Email ID, PAN, Aadhaar and registered mobile no. Once you enter the first two fields i.e. Registered email and PAN, system will auto-populates all the fund houses (within their 15 MF) where you are holding the mutual fund units.
Step 5: Click on the fund houses which you like to link, preferably all. Finally, enter your registered mobile number and submit it to get an OTP (one-time password).
Step 6: Finally, you will get an acknowledgement for the same.
Important: Your Aadhaar and PAN data should match to proceed, hence it always advisable get it corrected before trying to link with mutual fund. To make any correction in the PAN details, the fee charged is Rs 110. On the other hand, Biometric authentication is compulsory in case there is a major mismatch in data of Aadhaar and PAN.