Wednesday, July 4, 2007

PAN is now Mandatory for all Mutual Fund Investors

IT - Permanent Account Number is now Mandatory for all Mutual Fund Investors Applicable from : July 2nd 2007 Scope : New purchase, Additional purchase, Fresh SIP and Subsequent SIPs

Photo Copy of PAN Card for all applicants (including NRI's) can be attested by any one of the following -

  1. AMFI Certified Distributors ( Signature with Name & ARN Code)
  2. Notary Public (Signature , Name & Seal)
  3. Bank Manager ( Signature, Name & Bank seal)
  4. Employees of RCAM (Name & Seal)
  5. Employees of Karvy R&T front offices ( Name & Seal) Photocopy of acknowledgement of submission of Form 49A - Attestation not required

Sebi order regarding Pan No. Requirements - https://www.karvymfs.com/InformationCenter/ItPAN.aspx

Do you plan to invest in MF and don't have PAN? To apply for PAN follow link - https://tin.tin.nsdl.com/pan/index.html

Click here to download Form 49A - http://incometaxindia.gov.in/Archive/ChangeForm.PDF

Frequently Asked Questions and Answers (FAQs) on PAN - http://incometaxindia.gov.in/PAN/Overview.asp

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