KYC is an acronym for "Know your Customer"/ Know your Client, a term commonly used for Customer Identification Process. The Prevention of Money Laundering Act, 2002 ("PMLA") forms the core of the legal framework put in place by the Indian Regulators to combat money laundering to be followed by banking companies, financial institutions and intermediaries by administering KYC process and other reporting requirements such as suspicious transactions reporting, etc. SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions and Financial Intermediaries (such as Mutual Funds) to 'know' their customers.
This facility is being provided absolutely FREE OF COST to the investors.
All investors (Individuals or Non Individuals) who wish to make an investment in a mutual fund scheme via a Lumpsum amount or via a Systematic Investment Plan (SIP) will be required to complete the KYC process. This one-time verification is valid for transactions across all mutual funds.
DOCUMENTS AND INFORMATION TO BE PROVIDED BY INVESTORS:
Investors in mutual fund schemes have to provide:
(1) Proof of Identity
(2) Proof of Address
(3) PAN Card
(4) Photograph
The originals of these documents along with a copy each to be presented and the original will be returned after verification. Alternatively, investors can also provide an attested true copy of the relevant documents. Attestation could be done by Notary Public/ Gazetted Officer/ Manager of a Scheduled Commercial Bank.
Click here for KYC Forms
1. Click here for Individual KYC Form
2. Click here for Non-Individual KYC Form
How to check KYC
Visit http://www.cvlindia.com/inquiry_kyc01.asp to check the KYC status
Important Notes:
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