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Apr 13, 2024 · These investors must complete a new KYC process by submitting any of the OVDs to either a mutual fund house, KRA (KYC Registration Agency), or mutual fund platform. “All investors whose KYCs are on hold have to do it all over again,” asserts Amol Joshi, Founder, PlanRupee Investment Services.
Sep 10, 2024 · If you have invested in mutual funds and are confused about the new KYC (Know You Customer) rules that have come into effect, here is a quick guide to help you out. 1. Find Out Your Status:...
May 10, 2024 · Step by step guide to do mutual fund KYC online: If a mutual fund investor's KYC status is 'verified', 'registered' or 'on-hold', then he/she is required to do the re-KYC again.
Apr 15, 2024 · New KYC rules for mutual fund investors from April 1st require updating with valid documents. Many face issues with non-OVD documents. Amol Joshi advises redoing KYC.
May 10, 2024 · Mutual fund investors must update their KYC with Aadhaar to buy new MF units from 2024-25 as per SEBI rules effective April 1.
Investors should be advised to complete the KYC online by submitting Aadhaar as OVD proof, giving valid email id and mobile so that they can invest with any SRI or mutual funds in future. In case it is not an Aadhaar based KYC, investor will have to submit the KYC documents every time they approach a new Mutual Fund for investment. Q6.
May 1, 2024 · In the interest of investor inconvenience, Intermediaries are required to facilitate re-KYC where Deemed OVDs (as listed in A6 above and any other document not as per A1) has been used as of now and KYC status in KRA records are available as "KYC Registered".
Mar 27, 2024 · If your mutual fund KYC is not based on an officially valid document as specified by CAMS and KFintech, you will have to re-do your KYC by March 31, 2024. Failure to do this will...
Apr 1, 2024 · How to update KYC for mutual funds? The KYC process can be done both online and offline. For mutual funds, investors can do KYC either with the Asset Management Company, through an intermediary, or directly with the KYC Registration Authority or KRA.
Mar 29, 2024 · Mutual fund investors no longer need to re-do the KYC for their existing MF investments. Earlier, failure to do so would have blocked them from transactions from April 1, 2024.