How to Link Aadhaar with Mutual Fund Investments
Mutual fund investment accounts were previously required to be linked with Aadhaar under an amendment to the Prevention of Money Laundering Act (PMLA), 2017. However, as per a SEBI circular dated 14 May 2024, linking Aadhaar with PAN is no longer mandatory for mutual fund investors to be considered KYC-registered, as of July 2026.
One can voluntarily link their Aadhaar card with their mutual fund folio online through registrars such as Computer Age Management Services (CAMS). As per a SEBI circular dated 14 May 2024, there is no mandatory deadline for this linking, as of July 2026.
As per SEBI's May 2024 circular, mutual fund investors are no longer required to link Aadhaar with PAN to continue investing or trading in mutual funds in India, as of July 2026. The original objective behind the erstwhile linking requirement was to curb tax evasion and the circulation of black money through the mutual fund channel.
Step-wise process to link Aadhaar with mutual funds online
Step 1: Log in to the CAMS website www.camsonline.com.
Step 2: Choose the 'Investor Services' option and then click on 'Link your Aadhaar'.
Step 3: This will redirect you to another page. Here, enter all details including email id, PAN number, Aadhaar number, and a valid mobile number. Once this is done, click 'Submit'.
Step 4: The next step is to choose the mutual funds where you hold shares.
Step 5: You will receive an OPT after the registered mobile number is keyed in.
Step 6: Enter the OPT details and press 'Submit'. This is the last step. After successful linking, a confirmation message will be displayed on the screen.
What happens after Aadhaar is linked to mutual fund investments?
Once the Aadhaar-mutual fund folio is successfully linked, the mutual fund agent will be fully authorized for Aadhaar number seeding. The seeding can be done with all other combination accounts that are held with asset management and financial companies. The agent is also allowed to download or share Aadhaar details with whomever PMLA asks the agent to share details with.
PMLA Rules
- Any client who is eligible to apply for an Aadhaar card will have to submit Aadhaar details.
- In case the Aadhaar number has not been assigned to the client, the client will have to mandatorily provide all proof of Aadhaar enrolment.
- In case a PAN card is not submitted, another 'officially valid document' will have to be provided.
- If a client is by any means is not allowed to hold an Aadhaar card, he must submit PAN and Form 60 as mandated by the Income Tax Act.
CAMS Mutual Fund Companies List
The CAMS platform allows users to link only as many as 15 mutual fund companies, for which it serves as transfer agents. Below is the list:
Union Mutual Fund |
Tata Mutual Fund |
Shriram Mutual Fund |
SBI Mutual Fund |
PPFAS Mutual Fund |
Mahindra Mutual Fund |
L&T Mutual Fund |
Kotak Mutual Fund |
IIFL Mutual Fund |
IDFC Mutual Fund |
ICICI Prudential Mutual Fund |
HSBC Mutual Fund |
Birla Sunlife Mutual Fund |
DSPBR Mutual Fund |
HDFC Mutual Fund |
Disclaimer
Karishma VP has over a decade of experience in content writing which includes over five years specializing in personal finance. Her career in BankBazaar has given her the opportunity to write on a wide variety of financial products ranging from credit cards and home loans to insurance policies and government schemes. She believes that an understanding of personal finance is an important step to leading an independent, empowered life. This has led to her being passionate about learning more about the BFSI sector and writing about personal finance as clearly, concisely, and accurately as possible to make it accessible to a larger audience through BankBazaar.
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