How To Get Kyc Compliant? Why Does Mutual Fund Require Another Kyc?

KYC compliancy is a mandatory yet straightforward process, requiring proof of identity and a completed form.

KYC (Know Your Customer) compliancy is mandatory for all mutual funds, direct equity and other financial transactions. This is different from bank KYC and has to be done separately. However, the processes are similar. Just like you provide identity and address proof to the banks, you will have to do the same for mutual fund investing. If you are not KYC complaint, the process detailed below should be followed.

KYC Registration Process:

1. Download the KYC Form. Kindly fill all basic particulars, attach a PHOTO and sign in two places as stated in the sample image file. 
2. Download the FATCA Form. Kindly fill / tick all particulars, and sign at the bottom of the page.
3. Take a copy of your PAN (self-attested)
4. Take a copy of your Aadhar (self-attested)
5. Attach one passport sized color photo

If Aadhar is not available, you can also submit any one of the other address proof like: latest telephone bill of landline or mobile, latest electricity bill, copy of your passport, latest bank passbook or bank account statement with address and account info not masked, latest demat account statement, driving license, ration card or rental agreement.

Once these documents are ready, call our advisors who would either send someone to pick it up from you, or ask you to courier it to us, depending on your location. The account opening process will be done by our team, once the KYC is approved, for which you would be required to provide us with additional information as per the Account Opening Form. You would also be required to share a cancelled cheque and if required, the bank mandate form.

Kindly talk to our advisors before downloading, filling or sending these forms to us, as our advisors can help you to complete the process with ease.