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. 

Labels:

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. 
Read more

Historical BSE Sensex returns - updated 2013

We have already seen the historical returns of the BSE Sensex, which indicated an average return of about 20%  per year, despite many yearly returns varying from -20% to +60%. The following table shows BSE Sensex historical data - open, close and the yearly returns of the sensex from 2000 to 2012. There are some interesting points to note from the above table. Post 2008 crash of about 50% and 2011 negative returns of 24%, markets have given positive returns of 81% and 25%. Also the average returns for the past years is about 20% despite the markets being down 24%. The lesson is pretty much clear - long term investing pays and one need not bother too much about the ups and downs of the markets. During the past few years, the returns from investing in individual stocks have been varied.  Despite markets being at 2 year highs, only a few stocks are at similar highs, while most of them are still languishing well below their historical highs and are down anywhere between 8
Read more