The joint holder of my folio is not assessed to tax and hence, does not have a PAN. How do I invest in Mutual Fund units in such a case?
All applicants / joint holders of Mutual Fund units need to have a valid PAN. • What if my PAN verification fails? Will the units allotted to me be forfeited? For the cases wherein the PAN verification fails, the investors would be contacted by us. If we fail to get the same regularized, the investment amount is liable to get redeemed / refunded, and the folio is liable to be locked for further transactions. • I hold multiple folios but my PAN is verified in one of the folios. Does it get verified for the other folios automatically? No. You must intimate to us in writing, signed by all Unitholder(s) as per the mode of holding, mentioning your folio number(s) on a separate sheet in order to enable us to update your record. You must ensure that all unit holders (i.e., first and all joint holders) have the PAN verified too. However, we strongly recommend, that you consolidate all folios (certain conditions apply) for your own convenience. • My account statement shows PAN details and verif
All applicants / joint holders of Mutual Fund units need to have a valid PAN. • What if my PAN verification fails? Will the units allotted to me be forfeited? For the cases wherein the PAN verification fails, the investors would be contacted by us. If we fail to get the same regularized, the investment amount is liable to get redeemed / refunded, and the folio is liable to be locked for further transactions. • I hold multiple folios but my PAN is verified in one of the folios. Does it get verified for the other folios automatically? No. You must intimate to us in writing, signed by all Unitholder(s) as per the mode of holding, mentioning your folio number(s) on a separate sheet in order to enable us to update your record. You must ensure that all unit holders (i.e., first and all joint holders) have the PAN verified too. However, we strongly recommend, that you consolidate all folios (certain conditions apply) for your own convenience. • My account statement shows PAN details and verif
