Mutual fund investors face a crucial deadline to ensure alignment between their PAN card details and mutual fund folios. The deadline, set for April 30, 2024, mandates accurate representation of name and date of birth to avoid transaction rejections.
Message displays on RTAs’ websites, emphasising the necessity to align name and DOB in mutual fund folios with PAN card details.
Failure to align may lead to transaction rejections post-April 30, 2024, as per recent SEBI and IT department directives.
List of valid documents for Proof of Identity:
- Passport
- Driving license
- Aadhaar card
- Voter’s ID
- NREGA job card
- National Population Register letter
- Any other document notified by the Central Government
Mutual fund investors must ensure their KYC is updated by March 31, 2024, to avoid transaction disruptions.
Nomination is mandated for existing individual investors by June 30, 2024.
Act now to prevent interruptions in your mutual fund investments!
