PAN to be mandatory for all mutual fund investments

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..... PAN to be mandatory for all mutual fund investments - News and Press Release Dated:- 5-12-2010 - News - New Delhi, Dec 5 (PTI) All mutual fund investors, new as well as existing, will need to manda .....

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..... torily furnish their PAN (Permanent Account Number) details from next year irrespective of the size of their investment. The move is part of the revised Know-Your-Customer (KYC) compliance norms to b .....

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..... e adopted by fund houses from next year in order to comply with money laundering prevention rules. Currently, individual investors need to quote PAN only for investments of Rs 50,000 or more, althoug .....

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..... h non-individual investors are required to quote their PAN for all amounts. All the fund houses have been asked by industry body Amfi to comply with new KYC norms, which would include collecting deta .....

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..... ils like PAN, address proof and photograph of all their new and existing investors, with effect from January 1, 2011. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanag .....

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..... ement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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