KYC norms for mutual fund investors eased: Get complete details

What was the earlier KYC updation mandate?

The previous mandate required mutual fund investors to redo their KYC by March 31, if it wasn’t based on official documents. This had to be done in-person.

What changed?

In a major relief, investors can now submit the required documents online with a KYC agency.

How to know if your KYC records need updation?

Mutual fund investors need to look up their KYC status online to see if it has been put ‘on hold’.

What should you do?

Investors need to submit an online request with their KYC agency or mutual fund portal to get the status updated.

When can your KYC status be put ‘on hold’?

The KYC status will be ‘on hold’ if your KYC is done with non-Aadhar documents and your email/mobile is not verified.

The second reason your KYC status may be ‘on hold’

Your KYC is done with documents besides those listed in the next slide and your email/mobile is not verified.

List of accepted documents for the KYC process

Passport, Driving licence, Aadhar, Voter ID, NREGA job card, NPR letter, any other document notified by centre in consultation with SEBI.

How to check your KYC status?

Investors can access any of these five KRAs - KARVY, CVL, NDML, CAMS and DOTEX. Here’s how to do it with CVL: Visit cvlkra.com. Click on ‘KYC Inquiry’ located at the top.

Verify your identity

Enter your PAN and click ‘Submit’.

Check your status

In the second column, you will be able to see whether your KYC is on hold or not.