Many Aadhaar-based e-KYC holders are struggling to invest in Equity Linked Saving Schemes or tax-saving schemes as part of their last minute tax planning exercise this financial year. The mutual fund houses are rejecting their investments of over Rs 50,000 as Aadhaar-based e-KYC holders cannot invest more than Rs 50,000 in a financial year.
A reader of etmutualfunds.com shared her experience with us recently. She invested Rs 1.5 lakh directly in an ELSS scheme. The next day she got a message that her investment could not be processed and the money is credited back to her bank account.
