KYC (Know Your Customer) is mandatory before investing in any mutual fund. One-time digital process, 10 minutes, and you can invest anywhere across AMCs.
Why KYC is Required
SEBI and PMLA require investor verification. Done via KRAs (KYC Registration Agencies) and shared across AMCs.
KYC Categories
- KYC Compliant - ready to invest
- KYC On-Hold - document mismatch
- KYC Rejected - redo process
- Not Registered - new investor
Documents Required
- PAN Card (mandatory)
- Aadhaar Card (for e-KYC)
- Address proof (if Aadhaar not matching)
- Passport photo
- Bank details (cancelled cheque)
- Signature on white paper
Aadhaar-Based e-KYC (Fastest)
For investments up to Rs.50,000/year. 10 minutes online:
- Visit AMC or platform (Myfolios, MFU)
- Enter PAN - auto-fetch
- Aadhaar OTP verification
- Upload signature
- Add bank details
- IPV video
- Submit
Full KYC (Above Rs.50,000/year)
Extra step: biometric Aadhaar verification at KRA point or AMC branch.
How to Check KYC Status?
- Visit cvlkra.com or karvykra.com
- Enter PAN
- Status shown instantly
KYC Once - Invest Anywhere
After KYC with one AMC, all AMCs recognize it via KRA. No separate KYC needed.
Common Mistakes
- PAN-Aadhaar not linked
- Signature mismatch
- Address mismatch
- Inactive mobile for OTP
FAQs
Is KYC paid?
No. Free via KRAs.
Does KYC expire?
No, permanent unless rejected. Re-validate every 10 years per SEBI.
KYC done? Start with our SIP Calculator.
