As a mutual fund investor, you now need to comply with the new KYC requirements as specified by the Central KYC Registry.
Even if you have already done a KYC, it is time that you upgrade to CKYC.
However, if you are submitting a physical application, you need to download the form on this link. This is a supplementary information form to the KYC.
Fill it and submit it to MFU, CAMS, Karvy or any of the other registrars.
Do take care and fill according to the necessary instructions as provided in the form. Some of the most important ones are:
- The name should match the name as provided in the proof of identity.
- If PAN is not available, father’s name is mandatory.
- All documents should be self attested and accompanied with originals for verification. If originals are not provided then attestation by a valid authority has to be done.
- In Person Verification has to be carried out by SEBI authorised agencies. This includes Bank Managers, AMC personnel or KYD compliant distributors.
If you are already CKYC complied and want to modify your CKYC details, use the form on this link.
The Central KYC registration process can take upto 2 weeks post submission of application.
Once your CKYC is registered, you will receive a 14 digit CKYC identifier. On a SMS, it reads like this. (*marks will be replaced by actual numbers)
“Your KYC details have been registered with Central KYC Registry. Your CKYC identifier is 100********997.”
The idea behind CKYC is to make it the single KYC for all investment and related activities that you undertake and hence save you the time, money and effort involved in doing multiple applications with multiple agencies.
Now, every time you deal with an investment product, you can simply furnish this 14 digit CKYC identifier. That’s it.
Remember, if you are doing a fresh KYC, you should go for the Central KYC only.
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