Aadhaar is a unique 12-digit identification number issued by the Unique Identification Authority of India (UIDAI) on behalf of the Government of India. It serves as a valid proof of identity and address across India. All mutual fund investors in India should link their Aadhaar with their mutual fund investments. Linking Aadhaar with mutual funds is required for reducing fraud risk and enhancing transparency. It may also enable direct benefit transfers for certain government subsidies.
This paperless, digital method involves confirming Aadhaar details through biometrics or OTP, streamlining the KYC process for greater efficiency and security. There are multiple ways to link your Aadhaar with Mutual Funds online and offline. You can link your Aadhaar to mutual funds through the mutual fund company's website or app, RTA platforms, physical branches, KYC Registration Agencies (KRAs), and, in some cases, using Aadhaar OTP authentication.
Link Aadhaar card with mutual funds using KARVY portal:
- Visit the Karvy portal website https://www.karvymfs.com/
- Log in if you have an existing account or register if you're a new user.
- Find the "Aadhaar Linking" or "Aadhaar Seeding" section within your account dashboard.
- Enter your Aadhaar number and any required details.
- Verify your Aadhaar information, which may involve using an OTP sent to your registered mobile number or biometric authentication.
- Follow the on-screen instructions to complete the Aadhaar linking process and confirm your consent.
- After successfully linking Aadhaar, you should receive a confirmation message or email.
Link Aadhaar card with mutual funds using CAMS portal:
- Visit the CAMS Portal: Go to the official CAMS portal website https://www.camsonline.com/
- Log In or Register: If you already have an existing account with CAMS, log in using your credentials. If you are a new user, you may need to register for an account.
- Access Aadhaar Linking Section: Once logged in, navigate to the section related to Aadhaar linking of Aadhaar seeding. This section may be labeled differently on the portal.
- Provide Aadhaar Details: Enter your Aadhaar number and any other required information as prompted by the portal.
- Verify Aadhaar: Depending on the portal's requirements, you may need to verify your Aadhaar details through methods like OTP (One-Time Password) sent to your registered mobile number or biometric authentication.
- Complete Aadhaar Linking: Follow the on-screen instructions to complete the Aadhaar linking process. Ensure that you confirm your consent to link your Aadhaar with your mutual fund investments.
- Confirmation: After successfully linking your Aadhaar, you should receive a confirmation message or email.
Link Aadhaar card with mutual funds using Franklin Templeton portal:
- Go to the Franklin Templeton India Website: Visit the official website of Franklin Templeton India at https://www.franklintempletonindia.com/.
- Log In to Your Account: If you already have an existing account with Franklin Templeton, log in using your username and password. If you're a new user, you may need to register for an account.
- Access the Aadhaar Linking Section: Once logged in, locate the section related to Aadhaar linking or KYC update. The naming of this section may vary on the portal.
- Provide Your Aadhaar Details: Enter your Aadhaar number and any other required information as requested.
- Verify Your Aadhaar: Depending on the portal's requirements, you may need to verify your Aadhaar details through methods such as OTP (One-Time Password) sent to your registered mobile number or biometric authentication.
- Complete the Aadhaar Linking Process: Follow the on-screen instructions to finish the Aadhaar linking process. Make sure to confirm your consent to link Aadhaar with your mutual fund investments.
- Confirmation: After successfully linking your Aadhaar, you should receive a confirmation message or email.
Link Aadhaar card with mutual funds using mutual funds' websites/apps:
- Access the Mutual Fund Company's Website or App: Visit the official website of the mutual fund company where you have investments or open their mobile app if available.
- Log In to Your Account: Sign in to your existing account using your username and password. If you don't have an account, you may need to register and create one.
- Find the Aadhaar Linking Section: Locate the section or option related to "Aadhaar linking" or "KYC update" within your account dashboard. The terminology might vary.
- Provide Your Aadhaar Details: Enter your Aadhaar number and any other requested information in the designated fields.
- Verify Your Aadhaar: Depending on the platform's requirements, you may need to verify your Aadhaar information through methods such as receiving an OTP (One-Time Password) on your registered mobile number or using biometric authentication.
- Complete the Aadhaar Linking Process: Follow the on-screen instructions to finish the Aadhaar linking process. Make sure to confirm your consent to link Aadhaar with your mutual fund investments.
- Confirmation: After successfully linking Aadhaar, expect to receive a confirmation message or email.
Some well-known mutual fund websites/apps where you can link Aadhaar card:
- HDFC Mutual Fund: HDFC MF Online Portal or HDFC MF Mobile App.
- ICICI Prudential Mutual Fund: ICICI Prudential MF Online Portal or iPRU MF Mobile App.
- SBI Mutual Fund: SBI MF Online Portal or SBI MF Anytime Money App.
- Reliance Mutual Fund: Reliance MF Online Portal or Reliance MF Mobile App.
- Aditya Birla Sun Life Mutual Fund: Aditya Birla MF Online Portal or ABSLMF MyUniverse App.
- Kotak Mutual Fund: Kotak MF Online Portal or Kotak MF Mobile App.
- Axis Mutual Fund: Axis MF Online Portal or Axis MF Mobile App.
- UTI Mutual Fund: UTI MF Online Portal or UTI MF Mobile App.
- Franklin Templeton Mutual Fund: Franklin Templeton India Online Portal or Franklin Templeton India MF Mobile App.
- DSP Mutual Fund: DSP MF Online Portal or DSP MF Mobile App.
- L&T Mutual Fund: L&T MF Online Portal or L&T MF Investor App.
- IDFC Mutual Fund: IDFC MF Online Portal or IDFC MF Mobile App.
Link Aadhaar card with mutual funds via mobile phone SMS:
- Compose the SMS: Open the messaging app on your mobile phone and create a new message.
- Format of the SMS: The format of the SMS may vary depending on the mutual fund company, but it typically includes the following information: AMC Code Folio Number Aadhaar Number
- Replace `` with the specific Asset Management Company (AMC) code for your mutual fund company.
- Replace `` with your mutual fund folio number.
- Replace `` with your Aadhaar number.
- Send the SMS: After composing the SMS in the correct format, send it to the designated SMS number provided by the mutual fund company. The designated SMS number may vary, so check with the company or visit their official website for the correct number.
- Confirmation: After sending the SMS, you should receive a confirmation SMS acknowledging your request. This message typically confirms the receipt of your request and provides further instructions if needed.
Link Aadhaar card with mutual funds offline:
- Visit the Mutual Fund Office or RTA Office: Locate the nearest branch or office of the mutual fund company where you have investments or an office of the registrar and transfer agent (RTA) that services the mutual fund. You can find the address of these offices on the mutual fund company's official website.
- Carry Relevant Documents: Before visiting the office, ensure you have the following documents with you:
- Your Aadhaar card or a copy of the Aadhaar letter.
- Your mutual fund investment details, including folio numbers and investment statements.
- Any other identification documents or forms that the mutual fund company or RTA may require.
- Meet with a Representative: When you visit the office, inform the representative that you want to link your Aadhaar with your mutual fund investments. They will guide you through the process.
- Provide Aadhaar Details: The representative will ask you to provide your Aadhaar number and may also request other information for verification purposes.
- Verification: You may need to undergo a verification process, which could include biometric verification or providing additional identification documents.
- Fill Out Forms: Depending on the mutual fund company's or RTA's requirements, you may be asked to fill out and sign relevant forms for Aadhaar linking.
- Receive Acknowledgment: Once the Aadhaar linking process is completed, you should receive an acknowledgment or receipt. Keep this document for your records.
- Confirmation: After processing your request, the mutual fund company or RTA will link your Aadhaar with your mutual fund investments. You may receive a confirmation via email or postal mail.
Benefits of linking Aadhaar card with mutual funds:
- Simplified KYC Process: The process of Know Your Customer (KYC) becomes more streamlined and efficient when Aadhaar is linked. Investors can complete their KYC requirements easily, reducing paperwork and the need for multiple documents.
- Heightened Security: Aadhaar's biometric authentication adds an extra layer of security to mutual fund investments. It enhances the verification of an investor's identity, thereby lowering the risk of identity theft and fraud.
- Minimized Paperwork: Linking Aadhaar eliminates the requirement for physical documents and paperwork during the KYC process. This simplifies the process for investors and reduces the management and submission of various documents.
- Convenience: Investors can link their Aadhaar with mutual funds through various channels, including online portals, mobile apps, SMS, and in-person verification. This flexibility allows investors to choose the method that suits them best.
- Government Benefits: Aadhaar linkage ensures that government subsidies, benefits, and financial assistance reach the intended beneficiaries directly. This reduces leakages and fraud in social welfare programs.
- Compliance with Regulations: Mutual fund companies must ensure that their investors' KYC is up to date and compliant with regulatory requirements. Linking Aadhaar helps these companies meet these compliance standards.
- Efficient Fund Transactions: After linking Aadhaar, investors can seamlessly conduct transactions related to their mutual fund investments, such as purchases, redemptions, and fund switches.
- Ease of Account Management: Linked Aadhaar information can be used to update investor details, such as changes in address and contact information, without the need for additional KYC processes.
- Investor Verification: Mutual fund companies can swiftly and accurately verify the identity of investors, reducing the risk of fraudulent transactions.
- Promoting Financial Inclusion: Aadhaar linkage promotes financial inclusion by making it easier for individuals from diverse backgrounds to access and invest in mutual funds.
Update Aadhaar card KYC online for mutual funds:
- Visit the Mutual Fund Company's Official Website: Go to the official website of the mutual fund company where you have investments. Look for a section related to "Update Aadhaar" or "KYC Update."
- Log In to Your Account: Sign in to your existing account on the mutual fund company's website using your username and password. If you don't have an account, you may need to register and create one.
- Locate the Aadhaar Update Section: Within your account dashboard, locate the section or option specifically for updating Aadhaar or KYC details. The exact wording may vary from one mutual fund company to another.
- Enter Your Aadhaar Details: In the Aadhaar update section, you'll typically be prompted to enter your Aadhaar number and any other requested details. Make sure the information you provide matches the details on your Aadhaar card.
- Verification Process: Depending on the mutual fund company's procedures, you may need to go through a verification process. This could involve receiving an OTP (One-Time Password) on your registered mobile number or using biometric authentication for verification.
- Submit the Update Request: Follow the on-screen instructions to submit your Aadhaar update request. Ensure that you confirm your consent for the update.
- Acknowledgment: After successfully updating your Aadhaar, you should receive an acknowledgment or confirmation message. This acknowledgment serves as proof that you have initiated the update process.
- Verification and Approval: The mutual fund company will review your update request and verify the information. This process may take some time, and you may receive a confirmation once the update is approved.
Check status online of Aadhaar card KYC for mutual funds:
- Visit the official website of one of the following SEBI (Securities and Exchange Board of India) authorized KYC registration agencies or mutual fund registrars. These agencies maintain the records of KYC compliance for mutual fund investors.
- CAMS (Computer Age Management Services): www.camsonline.com
- Karvy: www.karvymfs.com
- KFinTech: www.kfintech.com
- Select 'KYC Inquiry' or a similar option. Once on the website, look for an option that allows you to inquire about your KYC status. This may be labeled as "KYC Inquiry," "Check KYC Status," or something similar.
- Enter your PAN (Permanent Account Number). You will likely need to enter your PAN, which is a unique identification number assigned by the Indian government. Ensure that you provide the correct PAN associated with your mutual fund investments.
- Submit your PAN. After entering your PAN, submit the information as instructed on the website.
- View your KYC status. The website should provide you with the current status of your KYC. It will typically indicate whether your KYC is "Verified" or "Pending."
- Additional information. Depending on the KYC registration agency's website, you may also be able to view additional details about your KYC status, such as the date of verification and any discrepancies, if applicable.
- Contact customer support. If you encounter any issues or have questions about your KYC status, you can usually find contact information for customer support on the website. Feel free to reach out to them for assistance.