I have done my KYC formalities in May 2015. I had provided the necessary details in the column for FATCA w.r.t. foreign tax status, income slab, political exposure etc. Do I still need to do the same to all the MF-AMCs (none of them have communicated to me anything about the matter)? Transactions from my currently live SIPs shall be processed or not in case I have not been asked to provide the details and I do not do it?
- Amit Tailor
All investors (both individuals and entities) must fill up the applicable FATCA-CRS Declaration and Supplementary KYC Information and UBO Declaration Form and submit it to mutual fund transfer agencies like CAMS, Karvy or AMC branches for update.
If declaration is not submitted before 31st December 2015, investors won't be able to carry out any transactions (except redemption) from 1st January 2016.
Here are some useful links:
Karvy
CAMS
Mutual fund utility
This article was originally published on November 16, 2015.
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