Thursday, 30 December 2010

KYC is Mandatory for Mutual Fund Investors from 01st January, 2011

The present requirement of KYC (Know Your Customer) is only those who have an investment of Rs. 50000 or more in a particular Mutual Fund. But this limit is reduced to Zero with effect from 01st January, 2011. From 01st January, 2011 onwards you must complete the KYC (Customer verification) for investing any amount in Mutual Funds.

Any individual investor or institutional investor must be KYC compliant, (Completed the KYC formalities) for investing in Mutual Funds in a lump sum or in SIP (Systematic Investment Plan). So we strongly advice all investors those who wish to invest in Mutual funds to complete the KYC process as soon as possible. You can submit the filled Up KYC application form at any branches or your brokers or agents or you can submit it directly by yourself.

Following are the useful links related to KYC.

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