Know the Term

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Know Your Customer (KYC)

What is KYC?
'Know Your Customer' (KYC), is a term commonly used for Customer Identification Process. SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions and Financial Intermediaries including Mutual Funds to 'know' their clients.

Importance?
KYC norms are mandatory for ALL applicants/investors (including existing investors and joint holders) while investing with any SEBI registered Mutual Fund, irrespective of the amount of investment.

KYC is applicable for individuals and Non individuals also to verify the Documents

This one-time verification is valid for transactions across all mutual funds.

KYC Registration process for Individual
-KYC Form
-Documents required:
    > Self attested copy of PAN card
    > Colour Photo
    > Self-attested copy of Address proof: Latest Telephone Bill/Landline/Mobile /Latest Electricity Bill /Passport copy /Latest Bank Passbook/Bank Account Statement /Latest Demat Account statement /Driving License. /Ration Card /Rent Agreement

KYC status can be checked from any of the below mentioned websites
1. CDSL Ventures Ltd. CVL - https://www.cvlkra.com/
2. NSE (DotEx International) - https://www.nsekra.com/
3. NSDL Database Management Ltd (NDML) - https://kra.ndml.in/
4. CAMS - https://camskra.com/Home.aspx
5. Karvy - https://www.karvykra.com/‎

Jayant Harde
www.jayantharde.com
jayant@jayantharde.com

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