News From Press Mutual fund investments must now be linked to Aadhaar: Here's how to do it

Mutual fund investments must now be linked to Aadhaar: Here's how to do it

Source: ET Sep 1, 2017

It has been made mandatory for mutual fund houses to obtain their customers' Aadhaar numbers and link the same to their respective accounts. This follows a recent amendment in the Prevention of Money Laundering Act (PMLA) Rules, 2017.

Registrar and transfer (R&T) agent, CAMS (Computer Age Management Services), has launched an online facility to link mutual fund investments to Aadhaar. The message on their website says, "As per recent amendments to Prevention of Money Launderi ..

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