What is the importance of PAN for investors in mutual fund schemes?
Government has made it mandatory for PAN to be quoted in all transactions in securities market. Mutual fund schemes also belong to securities market. For investors without a PAN, should apply to income tax authorities/authorized agencies for issue of PAN. Till the time, income tax authorities issue a PAN, copy of application for PAN and form 61 can be attached with scheme application forms but latest till December 31, 2007.
Related Questions
- What other funds in the current plan lineup are closed to new investors? Will any of the closed funds be available to participants who invest in the new self-directed mutual fund window?
- As mutual fund schemes invest only in stock markets, are they suitable for small investors?
- What is the importance of PAN for investors in mutual fund schemes?
