Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is the 'Permanent Account Number (PAN)' requirement for mutual fund investments?
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EXPLANATION
PAN (Permanent Account Number) is mandatory for all mutual fund investments in India — there is no amount threshold below which PAN can be waived. PAN serves as the primary KYC identifier, links investment records across AMCs for the CAS, and is used for tax reporting (capital gains, TDS). A limited exception exists for micro-SIPs up to ₹50,000/year under certain conditions using Aadhaar-based KYC.
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