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04 NOVEMBER 2024

Investing in mutual funds has become increasingly convenient with the advent of digital processes. One of the essential steps before you can start investing is completing your Know Your Customer (KYC) procedure. This article will walk you through the process of online KYC for mutual funds, ensuring you can start your investment journey seamlessly.

Online KYC for Mutual Funds

Completing online KYC for mutual funds is a convenient and efficient process. Here’s a detailed guide on how to complete your KYC online:

1. Visit a KRA Portal: Start by visiting the website of a KYC Registration Agency (KRA) or the KYC portal of the mutual fund house you wish to invest in. Common KRAs include CAMS, Karvy, NSDL, and CDSL. These portals provide a secure platform for completing your eKYC verification.

1. Enter Personal Details: Fill in your basic details such as name, date of birth, and address. You will also need to provide your PAN (Permanent Account Number). Ensure all the information you provide is accurate and matches the details on your identification documents.

2. Upload Documents: Upload scanned copies of the required documents for proof of identity and address. These typically include your PAN card, Aadhaar card, passport, voter ID, and a recent passport-sized photograph. Ensure the scanned copies are clear and legible to avoid any delays in the verification process.

3. eKYC Verification: Complete the eKYC online process through Aadhaar-based OTP verification or video KYC. For Aadhaar-based OTP verification, you will receive a one-time password on your registered mobile number, which you must enter on the portal. For video KYC, you will have a brief video call with a KYC executive who will verify your documents and details in real time.

4. Submit Application: After filling in all the details and uploading the necessary documents, review your application to ensure all information is correct. Once verified, submit your application for processing. The KYC Registration Agency will verify your details and update your KYC status.

5. The online KYC process is designed to be user-friendly and time-efficient, allowing investors to complete their KYC registration without the need to visit any physical branches. This saves time and simplifies the process of investing in mutual funds, making it accessible to a wider audience.

By following these steps, investors can ensure a seamless and hassle-free experience when completing their digital KYC for mutual funds.

How to Check KYC Status Online?

After submitting your KYC application, you can check the status online through the KRA portal:

1. Visit the KRA Portal: Log in to the KRA website where you submitted your KYC.

2. Enter Details: Provide your PAN card number to check the status.

3. View Status: The portal will display the status of your KYC application.

If there are any discrepancies, the KRA will inform you via email or SMS, and you can correct the issues and resubmit the documents.