EXPERTSPEAK
A reader asked us: For what purposes can I use Aadhaar and PAN while making investments?
HERE’S WHAT THE EXPERT SAID
The Aadhaar and PAN Cards act as identification documents when you invest. Your PAN acts as an identity proof while Aadhaar acts as your address proof. Aadhaar is now mandatory for linking all investment documents.
What if you do not have a PAN Card? You can invest up to ₹50,000 per Mutual Fund per year with your Aadhaar-based KYC (Know Your Customer).
If your investment crosses ₹50,000 per year, you will have to do a PAN-based KYC. Both your PAN and Aadhaar are mandatory in this case.
Through the PAN, you can get your Consolidated Account Statement. This gives details of your investments across all Funds and Fund Houses.
If you lose the folio details of your investments, you can get all details using your PAN. But for this, your PAN must be registered in your investment accounts.
SANDEEP CHHAJER
Founder, SubhShanti Wealth
Disclaimer
This article is intended solely for educational and informational purposes. It does not constitute investment advice, trading recommendations, or a solicitation to buy or sell any securities or financial instruments. The views expressed are based on publicly available data, regulatory studies, and industry observations, including reports published by the Securities and Exchange Board of India (SEBI). Readers are advised to assess their financial objectives, risk appetite, and suitability before making any investment or trading decisions. Derivatives trading, including Futures & Options (F&O), involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Investors should consult a SEBI-registered investment adviser or other qualified financial professional before acting on any information presented herein.
