How to Link your Aadhaar Card with your Mutual Funds: A Complete Guide

The government of India has made it necessary to link Aadhaar with mutual funds. The step to include mutual funds in the list of financial products that should be linked with an Aadhaar card is taken to ensure the legality of the transactions or the money that is being invested in mutual funds. 

Mutual funds Aadhaar link is made mandatory through an amendment in the Prevention of Money Laundering Act Rules, 2017. The rule also states that investors who fail to link Aadhaar to mutual funds will be barred from making further investments, and redeeming their existing investment until their mutual funds Aadhaar linking is done. In this article, we will learn all the possible ways how to link Aadhaar with mutual funds.

How to Link Aadhaar to Mutual Funds

There are a total of four ways of linking Aadhaar to mutual fund-

• Mutual Fund Registrars
• Fund Houses
• Through SMS
• Offline

How to Link Mutual Fund to Aadhar Through Mutual Fund Registrars

There are different mutual fund registrars that maintain the details of all transactions of the mutual fund investors. This helps mutual fund houses and asset management companies to easily track and have a record of all the investments/redemptions done by their investors. Some mutual fund houses themselves do the work of the registrar while others appoint a third party registrar to maintain all the records related to mutual fund transactions. You can visit the website of these registrars and easily do Aadhaar linking to mutual funds within a few steps. Here we will learn the process of Aadhaar link to mutual fund of three registrars- CAMS, Karvy, and Franklin Templeton.

Steps to Link Aadhar to Mutual Fund with CAMS

Step 1: Visit CAMS’ official website and click on the ‘Investor service’ menu. Select the ‘Link Your Aadhaar’ option available on the left hand side of the screen.

Step 2: Enter your PAN and select one out of the three available options- Mobile, Date of Birth, or Email address in the next box and enter details accordingly.

Step 3: Click on ‘Verify’ and you will be redirected to a new page where you have to provide your Aadhaar number and the registered mobile number. You can also provide your email address, which is optional.

Step 4: Select ‘Generate OTP’ and click on ‘Submit’ after entering the OTP received on your registered mobile number. 

All done! You will receive a confirmation message after successful verification of the OTP. 

Steps to Link Aadhaar to Mutual Fund with KARVY

Step 1: Visit KARVY’s official website and click on the ‘Link Your Aadhaar’ option.

Step 2: Enter your PAN and select the ‘Generate OTP’ option to proceed further.

Step 3: You will receive an OTP to the registered mobile number or email address.

Step 4: Select the mutual funds you want to link with your Aadhaar and check the consent confirmation box.

Step 5: Enter your Aadhaar number that will be linked with the selected mutual funds and click on the ‘Submit’ button to complete the process.

You will receive a confirmation message on the screen upon successful verification of all the details.

Steps to Link Aadhaar to Mutual Fund with Franklin Templeton Portal

Step 1: Visit Franklin Templeton’s official website and select the ‘Customer Service’ option.

Step 2: Click on the ‘Update Aadhaar number’ option available under the ‘Instant services’ menu.

Step 3: You will be redirected to a new page where you have to enter your PAN.

Step 4: There will be a drop down menu where you can select either of the available options to proceed further- Date of Birth, Pin Code, or Last Transaction Amount. Enter the details accordingly and click on ‘Next’.

Step 5: You will be taken to the next page where you have to provide the bank account number registered with Franklin Templeton at the time of making the investment. Click on the ‘Next’ button to go to the next step.

Step 6: Enter your Aadhaar number and click on the ‘Submit’ button.

That’s all! You will receive a confirmation message after the successful completion of the steps.

How to Link Mutual Fund to Aadhaar Through Fund Houses

In case you have invested only a single mutual fund scheme or multiple schemes from the same fund house, you can easily link your Aadhaar to mutual funds through the fund house itself. 

Step 1: Visit the official website of the fund house in which you have mutual fund investments.

Step 2: Proceed further by entering your PAN and selecting the ‘You are not KYC compliant’ option available on the screen.

Step 3: Carefully read the instructions and follow the steps.

Step 4: Enter your Aadhaar number and verify the same with the available options.

How to Link Mutual Fund to Aadhar Through SMS

You can also link your Aadhaar through SMS by following the below mentioned steps:

Step 1: Create a new message and type "ADRLNK < space > < PAN > < space > < AADHAAR NUMBER > < space > < Y >" and send it to 9212993399 from the mobile number registered with KARVY.

Step 2: You will receive a confirmation message upon successful verification of the details.

How to Link Mutual Fund to Aadhaar Offline

You can also link your mutual funds to Aadhaar by downloading and submitting the KYC form from the registrars’ website. Follow the steps to complete the Aadhaar mutual fund linking easily:

Step 1: Visit the official website of any of the registrar’s such as CAMS and KARVY that offer the option to link Aadhaar with mutual funds offline.

Step 2: Download and fill in the KYC form.

Step 3: Enter your folio number in the form and attach a self-attested copy of your Aadhaar card.

Step 4: Submit the form at the respective registrar’s office.