Verifying the Aadhaar status of your clients just got easier.
Now distributors can verify if their clients have linked Aadhaar details with the mutual fund folios. Both CAMS and Karvy have introduced a facility through which investors and distributors can check if the Aadhaar is linked to the mutual fund folios.
You can visit this link for CAMS, or click here for Karvy serviced fund houses. Distributors will require to key in the name of the fund house, PAN of investor and ARN to check Aadhaar status on CAMS. Similarly, investors or distributors will have to submit PAN and OTP, sent to the registered mobile number of PAN card holder, on Karvy.
Ravikumar Somasi, General Manager, Karvy Computershare, said, “We at Karvy have created this online facility for investors to check the status of their Aadhaar linking. All they need to do is to visit https://vas.karvymfs.com/karvysplproducts/Aadhaarlinking.aspx, authenticate their PAN through OTP and know the status. This facility is available to both individuals and non-individuals.”
He further added, “Distributors can call for a Special Report on Aadhaar through their login from www.karvymfs.com to know the Aadhaar linking status of their clients.”
Recently, the government has extended the deadline for fund houses to link the Aadhaar number with the mutual fund folios to March 31, 2018 giving you some more time to comply with the norms. Post March, AMFI has asked fund houses to freeze non-Aadhaar compliant accounts. This means, non-Aadhaar compliant investors cannot execute fresh mutual fund transactions.