Mutual Fund Identification Number

From January 1, 2007, if you wish to invest Rs. 50,000 or
more in any mutual fund scheme, you will have to obtain
a special number called Mutual Fund Identification
Number (MIN).
• The MIN application form can be downloaded from
the AMFI website (www.amfiindia.com) or from
the website of the Mutual Fund with whom you
invest. or from any mutual fund distributor
• Documents required for MIN are (1) Photograph
(2) Proof of Identity (3) Proof of Address (4) PAN
Card
• Only one MIN would be required across all mutual
funds
• MIN will be provided absolutely FREE OF COST to
the investors.
The AMFI website contains a detailed FAQ list. The
important points are given below:
• There are no exceptions for MIN. Anyone who
wishes to invest Rs. 50,000 or more in any scheme
needs to obtain MIN. This would also apply to
Systematic Investment Plan (SIP) transactions,
even if the SIP was registered prior to 1st January
2007. Any switches made from existing
investments or dividends re-invested do not
require a MIN. All joint holders will be required to
quote their MIN.
• An existing investor who continues to hold
investments without further purchases of Rs
50,000 or more will not require a MIN, it is in the
interest of all investors to obtain a MIN and submit
it to the Mutual Fund to a any inconvenience in
future.
• The MIN will normally be communicated across the
counter after preliminary verification of
documents. However, based on final verification of
the documents, the MIN may be cancelled /
rejected in case of deficiency of documents or
incomplete information observed in the final
verification. A separate communication intimating
about the cancellation / rejection of MIN will be
sent by CVL.
• Once a MIN is obtained and transacted within a
period of three years, it will exist in perpetuity. It is
not necessary to quote the MIN for every
transaction. Once the MIN is informed to a Mutual
Fund, it will be registered against the folio and
quoted in all future account statements. In the
case of multiple folios/accounts with a Mutual Fund
the investor can inform the Mutual Fund to update
the MIN against all the folios/accounts. However,
each of the holders in these folios should have a
MIN of their own.
• NRIs cannot obtain a MIN from their location. The
form duly completed along with the necessary
documents should be mailed to the NRI's
representative or Distributor who can then obtain
the MIN for the NRI.
• Minors cannot apply for a MIN. In case of a Minor,
the Guardian of the minor has to obtain and quote
his / her MIN in the Mutual Fund form while
investing. Upon a minor attaining the age of
majority, he/she must obtain a separate MIN in
his/her own name.
• The POA holder is also required to obtain a
separate MIN in his/her own name and quote it
along with the investors' MIN while investing on
behalf of the investor.