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PAN for mutual fund investors
March, 02nd 2007

The Mutual Fund Identification will be withdrawn effective March 2. This follows the Finance Minister's announcement in the Budget that PAN will be the sole identification number for all participants in the securities market.

Association of Mutual Funds in India said investors will have to give PAN and such other documents and information as are required to comply with Know Your Customers under the Prevention of Money Laundering Act.

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