You can update your PAN in all mutual fund schemes with one request.

 

Cams gives us a facility to update our pan details in all our investment in mutual funds by filling one form that is Service Request update based on single Pan number.


Why to Exercise this option
Earlier if you have made investment in mutual funds that means before July 2007, that time Pan number details were not compulsory as we use to make investment without adding Permanent Account details if investment amount was less than Rs. 50,000/-

Updates related to Pan and KYC in mutual funds

• In December 2004, those investors who invested Rs.50,000 or more had to compulsorily give PAN

• In July 2007, PAN become compulsory for all, irrespective of the amount you have invested, so if your investment is done before 2007, then pan details were not updated in that folio.

• From 1 January 2008, investors who invested Rs.50,000 or more had to submit their KYC.

• From 1 January 2011, KYC become mandatory for all investors.

If your PAN get updated then you get your complete mutual fund investment details in your CAS (Consolidated Account Statement) which is based on Pan of unit holders.

Form:  

1. Cams Pan Update Form
2. Karvy Pan Update Form