KYC requirements for a Mutual Fund Investor?

Effective January 01, 2011, it is mandatory for all category of investors to be KYC compliant for executing any investment transactions (excluding Micro SIP) irrespective of amount of investment.

What is Know Your Customer (KYC)?
KYC is an acronym for “Know your Client”, a term commonly used for Client Identification Process. SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions and Financial Intermediaries including Mutual Funds to ‘know’ their Clients. This would be in the form of verification of identity and address, providing information of financial status, occupation and such other demographic information. Applicant must be KYC compliant while investing with any SEBI registered Mutual Fund.

KYC compliance needs to be obtained only once for Mutual Funds.

What is the process involved?

1. Download the applicable KYC application form
2. Fill up the form and attach necessary documentation (proof of identity and address)
3. Submit application form along with documentation at the nearest KYC Point-of-service (POS)
4. Please keep the KYC acknowledgement for future reference and records

On reveiving the KYC acknowledgement, you are required to intimate the same to all Mutual Funds where you hold investments. You can update your KYC status with a single request, for all Mutual Funds serviced by CAMS.


Checklist for Individual investors:

1. Please ensure that the form is completed in all respects and signed by you.
2. Please affix your recent photograph and sign across the photograph.
3. Please attach your PAN card as proof of Identity. This should be a photocopy plus original for verification.
4. Please attach a Proof of Address Document (one for each distinct address). These should be either original + photocopies or attested / notarized photocopies.
5. If you are an NRI, you must mention your overseas address.
6. Please submit a photocopy of the duly completed KYC Application Form.

Checklist for Non-individual investors:

1. Please ensure that the form is completed in all respects and signed by the authorized signatories.
2. Foreign Institutional Investors must mention their overseas address.
3. Please attach all required documents. These should be either original + photocopies or attested / notarised photocopies.
4. Please submit a photocopy of the duly completed KYC Application Form.

 
 Individual investors will have to produce his Proof of identity (Photo PAN card copy or PAN card copy and copy of the passport, driving license etc ) and Proof of Address (any valid documents listed in section B of the KYC Application Form for Individuals). Non -Individual Investors will have to produce certain documents pertaining to its constitution/registration to fulfill the KYC process. A list of Mandatory Certified Documents to be submitted can be found in section C of the KYC application form for Non-Individual Investors.

To check KYC Status: Visit   http://www.cvlindia.com/inquiry_kyc01.asp


More than 200 CAMS Service Centers are KYC PoS. You can locate a KYC PoS CAMS Service Center by clicking here. A complete list of KYC PoS is available on the website of AMFI.

Know Your Customer (KYC) is now Mandatory for all! Please apply for KYC immediately!