Know your Customer (KYC) compliance is a one-time, easy and straightforward process, which will ensure that you seamlessly invest in Mutual Funds. You need a KYC to comply with the market regulator SEBI’s guidelines to follow the Prevention of Money Laundering Act, 2002 (PMLA).
The KYC process is not only investor friendly, but also uniform across various SEBI regulated intermediaries in the securities market such as Mutual Funds, portfolio managers, depository participants, stock brokers, venture capital funds and collective investment schemes. What this means is that with a single KYC, you can invest across asset classes and intermediaries.
Documents you need to submit along with KYC Application
- Recent Passport size photograph
- Proof of identity, such as copy of UID (Aadhaar), passport, voter ID or driving licence
- Proof of address, such as copy of Passport, Aadhaar Card, driving licence, ration card, bank account statement, passbook.
You will need to submit self-attested copies of these documents along with originals for verification. In case of original of any document is not produced for verification, the copies should be properly attested by authorized entities.
Check If you are already KYC compliant or Not.
To Check your KYC Status kindly visit any of the following websites and enter your PAN no. to verify your KYC status.
Hi, I’am Managing Director at Gurpreet Saluja Financial Services where I help my investors choose right investment avenue to achieve their financial goals. I’m also a Value Investor and here I Write about Finance & Investing.