It is mandatory for all investors (including guardians, joint holders, NRIs and power of attorney holders) to submit a photo copy of the PAN card issued to them by the Income Tax Department at the time of purchase.
Such photocopy shall have been either verified with the original at the ISCs or verified/attested by AMFI registered distributors, bank managers or judicial authorities.
Applications not accompanied by duly verified copy(ies) of the PAN card(s) are liable to be rejected.
Exceptions:
- Investors residing in the state of Sikkim are exempt from the mandatory requirement of PAN. Such investors should submit a proof of address of Sikkim state and also mention the same address in their application form.
- With effect from August 01, 2009, investments through Micro SIPs, i.e. SIPs where aggregate of installments per year per investor does not exceed Rs 50,000, will be exempt from the requirement of PAN. This exemption will be applicable only to investments by individuals (including NRIs but not PIOs), Minors and Sole proprietary firms.
HUFs and other categories will not be eligible for Micro SIPs. - Investors may contact us at any of the Investor Service Centres (ISCs) of the Fund or Registrar to know the list of acceptable identification documents which may be provided as proof of identification in lieu of PAN.