It is mandatory to have an Aadhar card for investing in mutual funds. In an effort to track down black money, Indian Government has made it mandatory for all investors to link their unique Aadhar no with all financial transactions including mutual fund investments.

Amendments have been made in Prevention of Money Laundering Act (PMLA) Rules, 2017 in order to facilitate the process of linking investments in mutual funds with Aadhar. An email communication sent by AMFI (Association of Mutual Funds in India) to the fund houses has made it compulsory for the fund houses to get their investors to link the Aadhar number by 31st March, 2018.

Aadhar Mutual Fund Linking Date Extended

The last date to link Aadhar with existing mutual funds was 31st December 2017. However, now it has been extended to 31st March 2018.

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Aadhar Mandatory For Mutual Funds

Aadhar will be made mandatory for all investments in Mutual Funds with effect from 1st January, 2018. By linking Mutual Funds investment with Aadhar, one authorizes the agent for seeding one’s Aadhar number based on PAN for all accounts maintained with Asset Management Company (AMC) for KYC (Know Your Client) and for other due diligence purposes. One also authorizes agent for sharing and downloading the Aadhar and demographic information with CKYCR (Central KYC Registry) and other KYC agencies. CAMS (Computer Age Management Services) has launched an online facility to link mutual fund investments to Aadhar.

Linking Aadhar is mandatory for Individual residents of India. Aadhar linking is not applicable for Non-Resident Individuals (NRIs), Non-Individuals and HUF.

How To Link Aadhar With Mutual Funds?

Aadhar Link For Mutual Funds through CAMS

Link to update Aadhar for mutual funds on CAMS –

  1. Visit CAMS website
  2. Click on ‘Link your Aadhar’ from the left panel under ‘Investor Services’ tab
  3. A new page will appear asking to enter important credentials like the registered mobile number, email ID, PAN card and Aadhar.
  4. The page auto-populates with popular fund houses operating in India including the top fund houses like HDFC Mutual Fund, ICICI Mutual Fund and Birla Sun Life Mutual Fund which are registered under CAMS.
  5. Click on all the fund houses
  6. Enter the registered mobile number and then submit to get an OTP
  7. Enter the ‘One Time Password’ received on mobile number
  8. The investor will receive an acknowledgment message thanking him for providing the Aadhar number and informing him that he has successfully linked his Mutual Fund Investments with Aadhar.
  9. The investor will also receive an acknowledgment message on his registered email ID from the UIDAI.

Following funds can be linked to Aadhar on CAMS:

  1. ICICI Prudential Mutual Fund
  2. HDFC MF
  3. Birla Sunlife MF
  4. HSBC MF
  5. DSP Blackrock MF
  6. IDFC MF
  7. L&T MF
  8. SBI MF
  9. TATA MF
  10. Kotak MF
  11. Union Bank MF
  12. Mahindra MF
  13. Shriram MF

For mutual funds that are not serviced by CAMS, other websites exist. Below is the list of websites to link your Aadhar number to your mutual fund investment.

Aadhar Link For Mutual Funds on Karvy

Update Aadhar for individuals

Update Aadhar for non-individuals

Mutual Funds served by Karvy that can be linked with Aadhar

  1.  Axis Mutual Fund
  2.  Mirae Asset Mutual Fund
  3.  Motilal Oswal Mutual Fund
  4. Reliance Mutual Fund
  5.  Edelweiss Mutual Fund
  6.  Quantum Mutual Fund
  7.  Principal Mutual Fund
  8.  UTI Mutual Fund
  9.  Pramerica Mutual Fund
  10.  Peerless Mutual Fund
  11. IDBI Mutual Fund
  12.  BOI AXA Mutual Fund
  13.  Sahara Mutual Fund
  14.  Taurus Mutual Fund
  15.  LIC Mutual Fund
  16.  Baroda Pioneer Mutual Fund
  17.  JM Mutual Fund
  18.  Goldman Sachs Mutual Fund
  19.  Canara Robeco Mutual Fund
  20.  INVESCO Mutual Fund

Aadhar Link For Franklin Templeton Mutual Fund

Franklin Templeton has it’s own RTA. Click here to update Aadhar for Franklin Templeton funds

Aadhar Link For Sundaram Mutual Fund

Sundaram Mutual Fund has it’s own RTA. Click here to update Aadhar for Sundaram funds.

Linking Aadhar with Mutual Funds for Offline Investors

The investor has an option to download a form from CAMS website, submit the filled up signed form to the nearest CAMS center or AMC branch or send it via post to the nearest branch if the investor by any chance cannot link his Aadhar online. Offline Investors who want to move online can try our


All mutual funds can be linked with Aadhar numbers by one of these four websites. There is no other way to link the Aadhar number to a mutual fund online.

As per the Prevention of Money Laundering Act (PMLA) Rules, 2017, financial institutions have been instructed to make their clients comply with the following rules:

When the client is an individual, he will be submitted to the financial institutions- (a) Aadhar number and (b) PAN or Form No. 60. The client shall submit proof of application for enrolment for Aadhar, if Aadhar has not been issued to the applicant. And if PAN is not submitted, one certified copy of an officially valid document has to be submitted.

Where the client who is an individual and is not eligible to be enrolled for an Aadhar number shall submit his PAN or Form No. 60 as per IT Rules. The client will have to submit one certified copy of an official document having identity and address details, one photograph and other similar documents required by the authority.

Who Needs To Link Aadhar?

Financial institutions have been instructed to link Aadhar card number of their clients to mutual fund investments. However, an investor should ensure that he/she gets his investments linked to Aadhar by 31st December 2017.

Investors who have invested by either mode i.e lumpsum investment or SIP (Systematic Investment Plan) should follow this. Also linking has to be done even if the amount invested in quite nominal. Failure to successfully link Aadhar leads to stopping of SIPs and redemption of lumpsum investments and SIP. In this case, the investors will have no one to blame but themselves for failure in linking their Aadhar number. The investors cannot blame the AMC for not approaching them.

Why Linking Aadhar?

SEBI has made the process of investing in mutual funds simpler in the last few years. Processes have been made user-friendly and online options have been made available to mutual fund investors. Paperwork has been the most difficult part of mutual fund investment in spite of the efforts made. Paper-based Know Your Customer (KYC) is one of the biggest dampeners in the process.

For a developing country like India, the investment in stock market and mutual funds is considerably low. The major part of people’s savings goes into bank deposits. To encourage investment in mutual funds, SEBI and the Government of India regularly come up with various initiatives to simplify the process. Aadhar-based verification and video-based in-person verification for e-KYC are two such initiatives. Recently, SEBI has allowed and facilitated e-KYC. Consequently, mutual fund investors can get their KYC formalities done online. Needless to add, since e-KYC is paperless, the process is more real-time. At the same time, existing investors in mutual funds who have completed KYC formalities offline do not need to do it again, as this process is only for new customers. However, if any new customer wishes to take the offline KYC route, they can still do so.

e-KYC can be done using Aadhar card. If an investor has an Aadhar number, he can provide the same online. The system will retrieve his data from a centralized database so that he does not need to fill up all his details. The system then sends a password or key code to his registered mobile number. He has to use this password once to verify his identity. These are the things an investor needs to know with regard to linking Investments in Mutual Funds with Aadhar.

If you would like to start investing in mutual funds.

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