Mutual Fund KYC Form: KYC Application Links

If you ever wish to diversify your investment portfolios, mutual funds are one of the options that come to everyone’s mind, as they are one of the best options to add diversification. Mutual funds provide a way to dynamically pick up shares from different categories or markets.

The first step towards mutual fund investment requires you to verify your identity with the financial institution. This blog will discuss the details and documents required for the mutual fund KYC form.

What is a Mutual Fund?

A mutual fund is like a basket of stocks collected in one place, it contains multiple stocks which can be of the same category or can be picked up using different strategies or criterias. Mutual funds provides us with more diversification.

They can be of two types : Active or Passive. Active Mutuals funds generally have fund managers regularly picking and updating the stocks list for the portfolio but in passive mutual funds, fund managers do not do much research of their own instead they tend to copy the indices already created and present in the market.

What is Mutual Fund KYC?

KYC or Know your customer is a procedure done to verify the identity of a customer who is willing to apply to the respective mutual fund. Mutual Fund KYC is important as it stores all the identity-related information of a customer in a centralized database, KRA ( KYC registration agency), and if any discrepancy or fraud happens, this information can be used to resolve the discrepancies.

Mutual Fund KYC is needed for both individuals and non-individuals. Nowadays, along with traditional pen and paper KYC, the e-KYC method has already been introduced, through which one can complete their KYC from their home itself. With proper KYC compliance, one can seamlessly perform transactions and can even switch between different funds, transfer their units without any hindrance.

To facilitate the process, multiple KRA (KYC registration Agencies) have been created, namely : 

• CVL KRA – CDSL Ventures Limited
• NDML KRA – NSDL Database Management Limited
• DOTEX KRA –  NSE Data & Analytics (formerly known as DotEx International Ltd.)
• CAMS KRA – CAMS Investor Services Pvt. Ltd.
• KARVY KRA – KARVY Data Management Services Pvt Ltd

Documents Required for Mutual Fund KYC Form

• Proof of Identity: Aadhar Card, PAN card, Passport, Voter ID Card, Driving license. 
• Proof of residence: Aadhar Card, Passport, Voter ID, Rent Agreement, Electricity, Water, Gas or Telephone bill, Bank Statement, Ration Card

Steps to complete KYC

KYC can be done by visiting either the Asset Management Company (AMC) office or through any KYC registered agency (KRA). 

1. Through Offline Mode

You can visit either the AMC or any of the KRA to initiate your KYC process, fill out the required documents, and submit them manually at the respective offices.

2. Through Online Mode ( eKYC)

• You can visit any KRA or AMC website, where you will have an option as “Update KYC” or “Digital KYC”, or “eKYC”
• You can select the option, and can upload the required documents directly. Some agencies, also gives the option of uploading the documents using Digilocker.
• Enter your details such as bank account details, PAN card, and Aadhaar details.
• After that, you will get an option to review and submit your details
• Once you submit your details, you will be asked to verify yourself using the Aadhaar OTP
• You will receive an OTP on the number linked to your Aadhaar. Once you submit and verify it, the process will be counted as completed

Note – Different KRAs or AMCs can have little differences in their procedures, but majorly all will be using the Aadhar-based OTP verification system in order to verify.

How to check KYC status (using CVL KRA)

Here we are using the CVL KYC Registration agency to check the KYC status, but you can use any of the above-mentioned KYC registration agencies according to your needs.

Step 1 – Visit the CVL KYC official website

Step 2 – Click on KYC enquiry

Step 3 – Put in your PAN number

Step 4 – Complete the CAPTCHA and then submit

You will be presented with all the different KYC registration agencies along with your details associated with them.

Mutual Fund KYC Forms

For reference, here are some of the major AMCs or KRAs’ direct KYC application form links:

NAME	LINK
UTI Mutual Fund Digital KYC	Click Here
CAMS KRA Digital KYC	Click Here
Association of Mutual Funds of India (AMFI) KYC Form	Click Here
ParagParikh Mutual Fund KYC Form	Click Here
Edelweiss Mutual Fund KYC Form	Click Here
Nippon India Mutual Fund KYC Form	Click Here
HDFC Mutual Fund KYC Form	Click Here
UTI Mutual Fund KYC Form	Click Here

Conclusion

Being compliant with the KYC regulations is an important step for your Mutual Funds Investment Journey. With both online and offline methods available nowadays, it has become more accessible for people to complete the Mutual fund KYC form process. Completing the KYC procedure on time and keeping it up to date all the time helps you keep your investment journey more streamlined and easier.

FAQ

Disclaimer

This content is for informational purposes only and does not constitute financial advice. Please consult a qualified professional before making a financial decision.

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