top of page
Learn to Invest !!.png
  • Anuradha Mishra

Your KYC Needs urgent Attention!



With affect from 1 Apr 2024. SEBI has issued a circular for the securities market . This circular proposes some changes in the KYC process with immediate effect -


All the New KYC should be made on the basis of Aadhar only. If u want to create KYC with documents other than Aadhar such documents should be updated in KYC at the time of their renewal/ expiry . Example – driving license, Statements, voter id , passport , job card etc.


If you are holding existing KYC then must check your KYC status -


  • If it is showing On hold this means all transactions in mutual funds are frozen untill you verify / Validate in KYC with valid address proof or aadhar card.

  • If it is showing KYC registered – that means you can transaction in your existing mutual funds only, no new folio can be open.

  • If Validate is showing then you have full access to transact in any mutual fund without taking any action.


Please let us know freely if u need any guidance in validating in existing KYC or opening new KYC, give us a call at 9307218766.


Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.


Comments


bottom of page