SEBI Mandates PAN as Sole Tracker for All Mutual Fund Investments

To increase oversight and improve investment tracking, the Securities and Exchange Board of India (SEBI) has added an important new regulation. Going forward, the Permanent Account Number (PAN) will be the sole identifier for tracking all mutual fund investments made by an individual throughout the country.This change represents a fundamental transformation in how investor activity will be monitored within the mutual fund ecosystem. The main intention is to merge an investor's entire mutual fund portfolio into one single cub investment identified by a unique number which simplifies multifactor record maintenance, minimizes errors or cases with duplicates, and creates better overview of an investor's activities. SEBI Mandates PAN as Sole Tracker for All Mutual Fund InvestmentsThe resulting action from investors is evident. They must ensure their PAN is linked to all mutual fund accounts to be compliant. With investments spread across different fund houses or multiple folios within the same fund house, linking them to a single PAN becomes pivotal under the new SEBI rules. In principle, this alignment will be beneficial in many ways, considering the ease of managing and monitoring investments from all angles.