Now, Aadhaar can be used as valid address proof for Mutual Fund Investment..

 

Market regulator SEBI has permitted the use of Aadhaar letter as a proof of address for know your customer (KYC) norms for all market instruments including mutual funds.

The Aadhaar letter issued by Unique Identification Authority of India (UIDAI) could be used for KYC instead of a passport; will serve as a proof of both address and photo identity. 

Now, Aadhaar can be used as 'Proof of Address for Know Your Client (KYC) norms' of capital market, Sebi said in a circular issued today to mutual funds, brokers, depository participants, portfolio managers, alternative investment funds and collective investment schemes, among other market entities.