KYC is an acronym for 'Know your Client', a term commonly used for Client Identification Process prescribed by SEBI for financial intermediaries to 'know' their clients. With effect from January 1, 2012, Centralized KYC registration process through SEBI Registered KYC Registration Agencies (KRAs) has been implemented. With this each investor has to undergo KYC process only once in the securities market and the details would be shared with other intermediaries by the KRAs. 


Investors who have an equity trading account do not need a separate KYC and can invest in mutual funds using their Arihant trading account.