The Mutual Fund Companies have informed all their customers that unless investors update their Aadhaar number, their investments will be rendered "inoperative" after December 31, 2017. What does "inoperative" mean? Your existing investments will stay intact, but will not be able to make fresh purchases, or sell your until you have linked your Aadhaar.
Here's our easy guide to linking your Aadhaar to all your Mutual Fund investments. You can do this online, in-person or via SMS.
Before you start linking your Aadhaar online, you need to ensure:
You will need to do this four times – visit each of the four websites below so and complete the 2-minute process at each Registrar and Transfer Agent (RTA)
You can also update your Aadhaar using the SMS at Karvy. Just send an SMS to Karvy at +91 9212993399 from the mobile number registered with your Aadhaar and Mutual fund folio. The SMS should say:
ADRLNK <space> PAN Number <space> Aadhaar number <space> Y
Example: ADRLNK AABPA4321Q 123456789012 Y
("Y" in the above message stands for your express consent to authenticate and seed your Aadhaar across all Karvy serviced Mutual Funds)
Karvy will then complete your linking process. Once you’re done with Karvy, don’t forget that you will still need to link your Aadhaar at CAMS, Franklin Templeton and Sundaram BNP.
If your email ID or mobile number are not registered or for some reason you cannot update it online, you will need to submit a physical form to start your Aadhaar linking process.
To link your Aadhaar, you should download and fill the forms below and submit these at your nearest CAMS, Karvy, Sundaram BNP and Franklin Templeton service centre.