FundsIndia launches one-step Aadhaar linking of mutual fund folios
First mutual fund distributor to offer this facility online to its customers
Chennai, November 6, 2017: FundsIndia.com, India’s first online-only investment platform for mutual funds and equities, has launched a facility for investors to link their Aadhaar number with their mutual fund investment accounts. With this launch, FundsIndia becomes the first online mutual fund distribution platform to enable its clients with this feature, to abide by government guidelines.
“Linking Aadhaar number to mutual fund folios has become mandatory and it could be a big hassle for investors. At FundsIndia, however, we have made it easy with a single-stop linking facility that will take away the pain for our customers. We’ve always strived to give our investors the best of our services and enrich their investing experience every step of the way. With this feature, our investors have an easy way to link their Aadhaar to all their investments, across all AMCs they have investments with through FundsIndia”, said Srikanth Meenakshi, Co-founder and COO, FundsIndia.com
As per government rules, all mutual fund and equity investors have to link their Aadhaar number to their investment accounts (with all fund houses) by 31st December 2017. Failing to do so, will result in their accounts becoming non-operational. Now, with FundsIndia’s easy Aadhaar linking feature, customers will be able to link their Aadhaar with all the fund houses they have investments with, through FundsIndia. It eliminates the inconvenience of linking their Aadhaar number individually with AMCs or RTAs.
“At FundsIndia, our aim is to make sure our customers build wealth for their dreams, without any hitches. Whether it is timely and quality advice, developing simpler ways to transact or complying with regulatory changes, we want to place our customer’s convenience at the forefront of all our activities. The launch of a single-stop, online, Aadhaar linking facility for our customers is yet another testament to that,” said C.R. Chandrasekar, Co-founder and CEO, FundsIndia.com.
FundsIndia, an initiative of Wealth India Financial Services Pvt. Ltd., is India’s first online-only investment website. A free investment platform, it offers an array of financial products like mutual funds, equities, and deposits. FundsIndia has over 1.5 lakh investors on board, over Rs. 4500 crore in AUM, and processes 2,40,000 SIPs every month.
FundsIndia also offers value-added services like free financial advisory services, flexible SIPs, trigger-based investing, access to India’s most comprehensive automated advisory service – Money Mitr, and more. Learn more at www.fundsindia.com.