AMFI defers Aadhaar requirement for fresh mutual fund transaction
Mar 28 2018
News Category: Industry Update
The Association of Mutual Funds in India (AMFI), in consultation with the Securities and Exchange Board of India (SEBI), has deferred the requirement of Aadhaar for fresh mutual fund transaction from Apr 1, 2018, until further notice. Earlier, AMFI had reportedly asked mutual fund houses and R&T agents to insist that new mutual fund investors furnish their Aadhaar, making it mandatory for mutual fund investments from Apr 1, 2018.