scorecardresearchNo PAN card, no mutual funds: AMCs to block non-PAN portfolios from next year

No PAN card, no mutual funds: AMCs to block non-PAN portfolios from next year

Updated: 11 Oct 2022, 10:29 AM IST
TL;DR.
According to a report, as of 2019 there were over nine millions mutual fund folios which were not linked to PAN and most of these folios were over 11-12 years' old
There have been restrictions on redemptions from such accounts since 2019

There have been restrictions on redemptions from such accounts since 2019