Important Update for Mutual Fund Investors: Ensure PAN Details Match KYC Information

Recent regulatory changes require stricter alignment between investor KYC (Know Your Customer) details and mutual fund folio information. While there is no immediate disruption to existing investments, a mismatch between your PAN card (Permanent Account Number) and mutual fund folio details could impact future transactions.

Here’s a breakdown of the key points:

• Existing Investments: Rest assured, your current mutual fund investments will not be affected by a name or date of birth (DoB) mismatch between your PAN and folio.
• Investing in New Fund Houses: If you plan to invest with a new mutual fund company, a mismatch in KYC details might prevent your transactions from being processed. To rectify this, you will need to update your KYC information including your Name, DoB, etc., with your existing Asset Management Companies (AMCs).

1.  You can simply do that by initiating the Re-KYC process via online by clicking here and sending us the handwritten request letter (Format enclosed) to the address mentioned below.

(or)

2. To validate your KYC Physically, we request you to send the KYC modification form along with a self-attested copy of your PAN card to the address provided below with a handwritten request letter (Format enclosed) to the address mentioned below.

Handwritten Request Letter Format

Address:

Wealth India Financial Services Pvt. Ltd.,

3rd Floor, Uttam Building, No. 38 and 39,

Whites Road, Royapettah,

Chennai,

Tamil Nadu- 600014.

• New Investors: When opening a new mutual fund folio, ensure the name on your PAN card is used precisely. All details, including your DoB (or DoI for companies), should also match your income tax records.

By proactively aligning your PAN and mutual fund details, you can ensure a smooth and hassle-free investment experience.

For more details pertaining to the same, please refer the circulars mentioned below.

Circular1

Circular2

For any questions or assistance, feel free to contact your dedicated Investment Coach, email us at contact@fundsindia.com, or reach out to our support team via phone at 044 6110 4100.