With effect from November 1, 2015 all investors will have to mandatorily provide information and declarations pertaining to FATCA for all new accounts opened. For pre - existing accounts AMCs are reaching out to investors to seek the requisite information/declaration which has to be submitted by the investors before specified timelines.
For investor convenience, Registrars have allowed investors
to submit the same through online mode for
updates across Funds, serviced by them.
A look at the physical forms sent by Mutual Funds, shows that
the data needs to be updated for ALL holders of the folio and links to sample
forms are here MotilalOswal MF and Quantum MutualFund
I tried the online links and please make use of these and see
my comments
Franklin
Templeton Mutual Fund
The online updation link is here
. Franklin handles its own RTA activity.
For FT, you need to know your folio number, input the same
and go along till you submit. For Franklin Templeton, I was able to update the
information for all holders. The PAN of the second holder was recognized and I could update the same.
CAMS
CAMS has provided the facility to update the information once
and the same will be done across all Funds for which it is the RTA. The link can be accessed from here .
If an
investor is only second holder in
folios of CAMS Funds (and not the first holder in any scheme), the PAN is not recognized in the option - "I am an existing investor in CAMS" I have mailed the Registrar a couple of weeks back and I hope this is fixed quickly. Else, second holders would have to use
the physical form.
Karvy – the easiest
and the best among all
The link for Karvy's Funds is here . Karvy
has given us the additional facility to view and edit earlier submissions which is not there
for the above two Registrars. I used this to view the earlier submission.
This is the simplest link and the easiest one to fill in and
kudos to the team for keeping it simple. If you are only a second holder in any
of Karvy’s Funds, your PAN is recognized and you can very easily complete the
process.
Sundaram BNP
Paribas Fund Services
There is no online link at this website to update FATCA
details for investors of the 2 funds for which they are the RTA – BNP Paribas
MF and Sundaram MF
MF Utility CAN
If you have a CAN from MF Utility, you can update the FATCA declaration online here at one place for the 25 Funds which are participating in MFU. I have not tried this facility since I do not have a CAN. Please try this and comment - I will add the comments
MF Utility CAN
If you have a CAN from MF Utility, you can update the FATCA declaration online here at one place for the 25 Funds which are participating in MFU. I have not tried this facility since I do not have a CAN. Please try this and comment - I will add the comments
