What investors need to do…
Aadhaar is a supreme document for Mutual Fund KYC. Eventually, everyone has be to complete their KYC with Aadhaar
Check/Update your KYC statusFrequently Asked Questions (FAQs) about Update/Modify KYC.
KYC statuses and their impact
| KYC status | Existing AMC | New AMC | Need KYC Update |
|---|---|---|---|
| KYC Validated | No Implications. | No Implications. | No |
| KYC Registered | All financial transactions with existing AMC are allowed | Financial transactions with new AMC will be not allowed | For investing with Existing AMC - No For Investing with New AMC - Yes |
| KYC On Hold | Investor will be able to transact after remediating the reason for KYC status On Hold | Investor will be able to transact after remediating the reason for KYC status On Hold | Yes |
Reference Master Circular on KYC norms Point No. 101 - The validated records shall be allowed portability i.e. the client need not undergo the KYC process again when the client approaches a different intermediary in the securities market and the intermediary shall fetch the validated records from the KRA database.
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