As per SEBI circular SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86 dated 11 June 2025, all intermediaries will now use the standardised ‘at valid” format for their upi handles.
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Learn - Validated UPI Handles” and “SEBI Check” for secure investor payments
Here are a few Frequently Asked Questions on this:
How can an investor verify the authenticity of an entity on SEBI platform before making the payment?
To provide an additional layer of security and help investors verify the authenticity of an entity before proceeding with any financial transaction, SEBI has introduced “SEBI Check” functionality that will allow investors to verify the authenticity of UPI IDs by checking for “@valid” suffix. To verify visit https://siportal.sebi.gov.in/intermediary/sebi-check
Can a mutual fund have multiple “@valid” UPI IDs?
Yes, a mutual fund can have multiple “@Valid” UPI IDs. There is no limit. However all such IDs are verified by SEBI.
Does the way I transact with UTI MF now change?
No, there is no change in the way you transact with UTI MF. However when you transact with any mutual fund now please look for “@valid” in their UPI IDs.
What are the SEBI checked UPI IDs of UTI MF?
UTI MF has the following SEBI checked UPI IDs as of now. Please note that you will not be able to make direct payments to these IDs unless you are purchasing or registering SIP with UTI Mutual Fund through Digital Platforms.
Are existing SIPs registered through UPI mandate (UPI autopay) affected by this change?
No, your SIPs if already registered, will not be impacted. This feature is added for investors to have a uniform experience and to verify that payment request is coming from UTI Mutual Fund. For already registered SIPs before introduction of “@valid” IDs, the payment will come from utimf.camspay@icici