Should I update my details also with Karvy?

If CAMS KRA has approved my KYC / FATCA papers, do I need to go to Karvy KRA for updating KYC for funds under Karvy? Is there a KRA that is acceptable to all mutual funds?
- Jagadish Chandhar S R

CAMS services 15 mutual funds: Birla Sun Life, DSP BlackRock, HDFC, HSBC, ICICI Prudential, IDFC, IIFL, JP Morgan, Kotak, L&T, PPFAS, SBI, Shriram, Tata, Union KBC. Karvy services 23 mutual funds: Axis, Baroda Pioneer, Goldman Sachs, BOI Axa, Canara Robeco, Deutche, Edelweiss, IDBI, Franklin Templeton, JM Mutual Fund, LIC Nomura, Mirae Asset, Motilal Oswal, Peerless, Pramerica, Principal, Quantum, Religare, Reliance, Sahara, Taurus, UTI.

If you have investments only in mutual funds serviced by CAMS, you don't have to update your details with Karvy. If you have investments in any mutual funds serviced by Karvy, you must update your details with Karvy before 31 December. Otherwise, you will not be able to transact (except redemption) after 1 January, 2016.

There is no single KRA for all mutual funds.

This article was originally published on November 30, 2015.