KYC / FATCA
As per SEBI / Govt. of India guideline, KYC / AADHAR / FATCA formalities are required to be completed for all Unit Holders including Guardians and Power of Attorney holders for any kind of Mutual Fund Investment.
KYC Status Link
KYC Validate Link
What is KYC ?
KYC is an acronym for “Know Your Customer” and is a term used for Customer Identification Process as a part of Account Opening process with any financial entity. KYC establishes an investor’s identity & address through relevant supporting documents such as prescribed photo id (e.g., PAN card, Aadhar card) and address proof and In-Person Verification (IPV). KYC compliance is mandatory under the Prevention of Money Laundering Act, 2002 and Rules framed there under, read with the SEBI Master Circular on Anti Money Laundering (AML) Standards / Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries.
A Know Your Customer (KYC) is generally divided in 2 parts:
- Part I contains the basic and uniform KYC details of the investor as prescribed by the Central KYC registry (Uniform KYC) to be used by all registered financial intermediaries.
- Part II additional KYC information as may be sought separately by the financial intermediary such as a Mutual Fund, stock broker, depository participant opening the investor’s account (Additional KYC).