Moneycontrol
Nov 11, 2017 11:38 AM IST | Source: Moneycontrol.com

FundsIndia launches one-step Aadhaar linking of MF folios

FundsIndia is the first online mutual fund distribution platform to enable its clients with this feature

Himadri Buch @himadribuch

FundsIndia.com, an online investment platform for mutual funds and equities, has launched a facility for investors to link their Aadhaar number with their mutual fund investment accounts, stated a release from the company

FundsIndia is the first online mutual fund distribution platform to enable its clients with this feature.

As per government rules, all mutual fund and equity investors have to link their Aadhaar number to their investment accounts (with all fund houses) by December 31, 2017.

Failing to do so will result in their accounts becoming non-operational. Now, with FundsIndia’s easy Aadhaar linking feature, customers will be able to link their Aadhaar with all the fund houses they have investments with, through FundsIndia. It eliminates the inconvenience of linking their Aadhaar number individually with asset management companies or AMCs or  Registrar and Transfer Agent.

FundsIndia, an initiative of Wealth India Financial Services, is India’s first online-only investment website. It offers an array of financial products like mutual funds, equities, and deposits.

FundsIndia has over 1.5 lakh investors on board, over Rs 4500 crore in AUM, and processes 2,40,000 SIPs every month.

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