KNOW YOUR CLIENT (KYC) :
In order to comply with regulatory provisions under the Prevention of Money Laundering Act 2002, Rules issued thereunder and related guidelines/circulars issued by SEBI, KYC formalities are required to be completed for all the investors, including Guardians and Power of Attorney holders, for any investment in mutual funds, irrespective of the amount, for carrying out the transactions such as new/ additional purchase, switch transactions, new SIP/ STP/ DTP registrations received from effective date i.e. January 1, 2011. The applications received for the aforesaid transactions without complying with KYC procedure are liable to be rejected. However, the said procedure is not applicable for redemption/ repurchase.
For the convenience of investors in mutual funds, all mutual funds have made special arrangements with CDSL Ventures Ltd. (CVL), a wholly owned subsidiary of Central Depository Services (India) Ltd. (CDSL). Accordingly, CVL, on behalf of all mutual funds will carry out the process of KYC and issue an acknowledgement.
Investors have to provide the relevant documents and information ONLY ONCE for complying with KYC, instead of providing the required documents again and again to different mutual funds in which one would like to invest. After that Investors could invest in the schemes of all mutual funds by merely attaching a copy of the KYC acknowledgement slip with the application form / transaction slip when investing for the first time in every folio (Post KYC) in each Mutual Fund house, without the necessity to submit the KYC documents again.
This facility is being provided absolutely FREE OF COST to the investors.
DOCUMENTS AND INFORMATION TO BE PROVIDED BY INVESTORS:
Investors in mutual fund schemes have to provide:
(1) Proof of Identity
(2) Proof of Address
(3) PAN Card
(4) Photograph
The originals of these documents along with a copy each to be presented and the original will be returned after verification. Alternatively, investors can also provide an attested true copy of the relevant documents. Attestation could be done by Notary Public/ Gazetted Officer/ Manager of a Scheduled Commercial Bank.
WHERE TO COMPLETE THE FORMALITIES:
Please contact moneybase, we will help you for completing these formalities
(Click here for Individual KYC Form)
(Click here for Change Form Individual)
(Click here for Non-Individual KYC Form)
Sales Office :
Door No-1289C,
2nd Floor, Almadale
Judges Avenue, Kaloor Road,
Kochi - 682017 .
Tel : 91 484 – 6050335
Mobile : 91 80890 88809
Support Office :
17/1056,
Ground Floor,Sreedevi Residency,
Mettupalayam Street, Sultanpet,
Palakkad – 678001.
support@moneybase.in