Have You Done Your Mutual Fund KYC?  May 21, 2024


Know Your Customer or KYC is mandatory to deal in the securities market.

If the KYC norms are followed in totality, it saves you, the investor the hassle of transacting in securities, such as mutual funds, stocks, etc.

KYC has been prescribed by the market regulator in accordance with the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) and KRA Regulations 2011.

To comply with KYC, KYC Registration Agencies (KRAs) are set up.

For uninterrupted experience when transacting in mutual funds, it is better to have ‘KYC Validate’ status.

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