KYC means Know Your Customer, as mandated under extant SEBI regulations and provisions of Prevention of Money Laundering Act, every intermediary (including Mutual Funds) is required to have a Client Identification Program and
frame a KYC policy, which means knowing your customer by seeking information and supporting documentation about the customer's identity and address, besides other information like address, nationality, residential status,
PAN etc. The requirement is applicable to all categories of investors eligible to invest with us viz., Resident Individual investors, Non Resident Indians, Persons of Indian Origin (PIO), HUF, Societies, Partnership Firms,
Trusts, Companies, Body Corporate, Public Sector Undertakings, Banks, Financial Institutions, Mutual Funds, Foreign Institutional Investors and such other individuals / institutions, including any holders / issuers of Power
of Attorney.
Central KYC Records Registry (CKYCR): The Government of India vide their Notification dated November 26, 2015 authorized the Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) to
act as and to perform the functions of the Central KYC Records Registry under the said rules, including receiving, storing, safeguarding and retrieving the KYC records under the Prevention of Money Laundering Act, 2002.
SEBI required all the market intermediaries to update/upload KYC details of the new customer/investors (not KYC-KRA compliant) on CERSAI’s online platform. CERSAI is a centralized repository of KYC records of customers/investors
in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector with an objective to reduce the burden of producing KYC documents and getting those verified every time when the customer/investors
creates a new relationship with a financial entity. Central KYC (CKYC) will store all the customer/investor information at one central server that is accessible to all the financial institutions. After opening a KYC account
under the CKYC, customer/investor will get a 14-digit identification number (“KYC Number”) and that the same may be quoted by the investor wanting to invest in mutual funds. Further, the Mutual Fund/AMC is required
to check whether the PAN of the investor has been updated in CKYCR. In case the PAN has not been updated, the Mutual Fund/AMC shall collect a self-certified copy of the investor’s PAN card and update/upload the same
in CKYCR.
For Units held to be held in account statement (non-demat) form:
The investor are requested to complete the KYC form along with:
- Proof of Identity
- PAN for Investors having PAN
- PAN exempt Investors certified copy of any one of the following:
- Passport
- Voter ID Card
- Driving License
- Aadhaar Card
- NREGA Card
- Any other document notified by Central Government
- Proof of Address or permanent and Correspondence address i.e.s certified copy of any one of the following:
- Passport
- Voter ID Card
- Driving License
- Aadhaar Card
- NREGA Card
- Any other document notified by Central Government
For Units held in electronic (demat) form:
For units held in demat form, the KYC performed by the Depository Participant of the applicants will be considered as KYC verification done by the Trustee / AMC.
In the event of non-compliance of KYC requirements, the Trustee/AMC reserves the right to freeze the folio of the investor(s) and effect mandatory redemption of unit holdings of the investors at the applicable NAV, subject
to payment of exit load, if any.
You can now modify your KYC registered with CAMS KRA online.
The fields which can be modified are mobile and email address
Click here to modify
KYC online