Source: Expressmoney/MONEY TALKS
Show identity proof to MFs
From January 1, all investors will have to furnish a Mutual Fund Identification Number while investing more than Rs 50,000 in a mutual fund . Every investor has to get a card, which will, besides this number, have the investor’s name, photograph, residential address and Permanent Account Number (PAN). The Association of Mutual Funds in India (Amfi) will soon issue details on how and where to apply for this number.
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