Need for updating Aadhaar details in mutual fund folio/s
Pursuant to the PMLA (Prevention of Money Laundering Act) notification dated 1st June, 2017 issued by the Ministry of Finance, all investors (new and existing) will be required to mandatorily provide / update their Aadhaar numbers for all holders in any folio, before 31st December, 2017. Failing this, the folio would be locked as a…