What is KYC?

Published On: 05-Jul-2017

KYC (Know Your Customer) is a regulatory requirement by SEBI to control fraud and illegal activities and thereby protect your money. It enables us to know/understand you and your background to serve you better.Under this process, you will need to provide certain information such as identity, address, financial status, occupation, etc., which is recorded in a central repository and used by all SEBI registered mutual funds.

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01
What are the KYC requirements for a Mutual Fund Investor? Read More
02
How to become KYC Compliant? Do I have to repeat the KYC process with every Mutual Fund? Read More
03
Where do I obtain a KYC Application Form? Read More
04
Do I need to visit the POS personally to obtain KYC Compliance? Read More
05
Since when is it mandatory for me to be KYC Compliant? Read More
06
To whom is a KYC applicable? Is there any exemption? Read More
07
How do I transact in Mutual Funds after completing the KYC process? Read More
08
In the case of existing investors, when and how will the KYC norms be introduced? Read More
09
Once an account is opened with a Mutual Fund by the 1st, 2nd, and 3rd holder by completing the necessary formalities and an investor returns to make a fresh investment, do they need to furnish the necessary documents again? Read More
10
What are the consequences of KYC cancellation/rejection? Read More
11
Does my KYC Acknowledgement have an expiry date? Read More
12
What happens if I have multiple folios/accounts with a Mutual Fund? Read More
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Is there a charge I need to pay to get myself KYC Compliant? Read More
14
I am an NRI residing outside India. How do I get myself KYC Compliant? Read More
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Are there any special requirements for an NRI? Read More
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Is there any special requirement for a PIO (Person of Indian Origin)? Read More
17
What about a minor becoming a ‘major’? Read More
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Whom do I inform about change of Name/Address/Status/Signature, etc.? Read More
19
If I am already providing my PAN/PAN Proof for my investment in Mutual Fund. Is that not sufficient for meeting the requirement of KYC? Read More
20
Why do I need to give my Income details? How can I be sure that it will not be misused? Read More
21
Do I need to inform about my change of Income status? Read More
22
Can I give a COA (Change of Address) along with the Redemption request? Read More
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Is the KYC Acknowledgement a separate form or is it a part of the Mutual Fund application? Which of the forms require being time­stamped? Read More
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What do I do once I have received my KYC Acknowledgement? Read More
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What if I have already obtained an MIN? Read More
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General FAQs Read More