Skip to main content

Mutual Funds - How to modify KYC or do rekyc?

Last year SEBI issued a circular effective April 1, 2024 regarding KYC norms for the securities market.

This has created a lot of confusion among investors and intermediaries, whether who has to do rekyc and who need not?

First check your KYC status from CVL KRA.

  • If the 2nd column says KYC VALIDATED, then you are good to go - no action required. You can invest and redeem all the funds.
  • If it says registered, you can invest in existing Fund houses. You have do rekyc to invest in new fund houses/ schemes.
  • If it is on hold, you have to do rekyc. 

You can do rekyc completely online from the AMC's websites, links of which are given below:

mutual funds kyc online

Bandhan Mutual Fund - Bandhan

Canara Robeco Mutual Fund - Canararobeco

DSP AMC - Dsp

Franklin Templeton Asset Management Franklintempletonindia

HDFC Mutual Fund Hdfc

ICICI Prudential Mutual Fund Icicipruamc

Kotak Mahindra Mutual Fund  Kotak

SBI Mutual Fund  Sbi

Investors having KYC status of  'Registered' or 'On Hold' can complete their KYC online without having to invest their money with the fund house. 

Popular posts from this blog

NSE Trading Holidays 2024

 Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading:  Timings of Muhurat Trading shall be notified subsequently. 

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !