Mutual fund KYC on hold: How to check?

The earlier mandate that required a complete redo of KYC (know your customer) norms, if it was not based on official documents, has been relaxed. Earlier, investors had to physically submit documents with a KYC agency, but the recent change allows you to do so online. If the status is 'on hold', your ongoing SIPs, STPs, SWPs and redemptions will be restricted. In that case, you will have to submit an online request with your KRA or mutual fund portal and get it updated. Meanwhile, if the status is 'validated' or 'registered', you need not worry further. When can your KYC status be put 'on hold'

This article was originally published on April 04, 2024.