Mutual funds roll out Aadhaar number facility
Following the issuance of new guidelines by capital markets regulator Sebi, fund houses have started offering the facility of investing in mutual funds by using the Aadhaar number. Investors can now buy or sell mutual fund products online even if they are not compliant with Know Your Customer (KYC) details. Investments up to ₹50,000 can be made per financial year.