What does the Aadhaar verdict mean for investors? Here's a quick take

It will not be necessary to link Aadhaar directly to trading accounts, or demat, or mutual fund folios or bank accounts

The five-judge bench of the Supreme Court gave a nuanced verdict on Aadhaar running into 1,400 pages. This judgement will change little on the ground for investors who are concerned about privacy issues. However, in theory, it allows for a somewhat greater degree of privacy. 

This is a quick analysis based on a scan of the judgement. Lawyers will have to dissect the 1400-odd pages to achieve clarity and we may well be wrong in our reading.  

Since I-T returns and PAN must be linked to the biometric ID, this means a one-to-one correspondence for every investor since PAN is mandatory