PAN card is not mandatory for Inveting in Mutual Funds when.....

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A PAN card is mandatory to apply for the above KYC except in the following cases:

· In case of transactions undertaken on behalf of Central Government, State Government and officials appointed by Courts e.g. Official liquidator, Court receiver.

· Investors residing in the state of Sikkim.

· UN entities/multilateral agencies exempt from paying taxes/filing tax returns in India.

· Systematic Investment Plan (SIP), where aggregate of instalments in a rolling 12 month period or in a financial year i.e. April to March does not exceed R50,000.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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