If you want to invest in a mutual fund, you can do it now. Investment in Mutual Funds from Kerala| Manorama Online Sampadyam

Attention Mutual Fund Investors! Haven’t linked your wallets with the Permanent Account Number (PAN) yet? So you can’t keep investing in these mutual funds for long. No more investing in mutual fund portfolios not tied to the PAN card. Because the savings management companies have decided to freeze the portfolios of mutual funds not linked to the PAN card starting next year. Wealth management firms have asked investors to link mutual fund accounts with PAN by March 31, 2023.

Nor can SIP

Amfi (Association of Mutual Funds in India), a mutual fund organization, has advised that investors will not be able to make any type of investment in mutual fund portfolios unrelated to the PAN starting April 2023. The lump sum investment in mutual funds and investment via SIP is not possible unless the sheets are linked to the PAN card. Dividend payments provided by mutual fund schemes are also not permitted for such sheets. Mutual fund investments are made by many investors who do not have the knowledge or interest to invest directly in the stock market.

Table of Contents in English: Mutual Fund Investment and the Pan Paper