How CAMS/KFIN help you in managing family portfolios

Self-declaration form allows family members to transact with a single phone number, email id

- Anil Poste

Financial planning is gaining credence the world over, especially since people want to make their aspirations come true. Over the years, people have turned to investing in mutual funds, rather than traditional savings schemes, to meet their financial goals, be it for education, marriage or retirement. They are also encouraging other family members to do so. But managing multiple phone numbers, bank accounts and email IDs associated with such investment portfolios is no easy task, especially where it concerns investments that help you meet financial goals. And it gets all the more difficult when you are planning for the entire family.

For most people, managing multiple PANs (Permanent Account Numbers, issued by the income tax department) of family members for making investments in mutual fund accounts can often be a cumbersome task. But there is help at hand. Registrar and transfer agents (RTAs), such as MYCAMS and KFIN, offer self-declaration forms that allow investors a more convenient way to handle their investments under common credentials. In this story, Mint provides you a comprehensive guide on how to manage multiple PANs effectively on MYCAMS/KFIN.

RTAS are essentially third-party companies appointed by businesses to manage the ownership records of their shares or securities. They play a crucial role in ensuring the smooth and accurate functioning of shareholding and transactions. Many companies, especially those publicly traded, are required to appoint an RTA. Investors can contact the RTA directly for matters related to their shareholding, such as updating their address or requesting a duplicate certificate.