Where and how can I to be KYC compliant? Do I have to repeat the KYC process with every mutual fund?
Modified on: Fri, 8 Sep, 2017 at 2:50 PM
The Association of Mutual Funds of India (AMFI) has facilitated a centralized platform through CDSL Ventures Limited ("CVL"), a wholly owned subsidiary of Central Depository Services (India) Limited, to carry out the KYC procedure on behalf of all mutual funds. CVL through its Points of Service (PoS) will accept KYC application forms, verify documents and provide the KYC acknowledgement (across the counter on a best effort basis). The list of PoS will be displayed on the websites of mutual funds, CDSL and AMFI. Once the KYC is duly completed in all regards, the investor needs to produce a copy of the acknowledgement when investing for the first time with a mutual fund. There is no need to repeat the KYC process individually for each mutual fund.
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