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KYC - Know Your Customer


What is KYC?

KYC is an acronym for "Know Your Customer", a term commonly used for Customer Identification Process. SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions and Financial Intermediaries including mutual funds to 'know' their clients. This entails verification of identity and address, financial status, occupation and such other personal information as may be prescribed by guidelines, rules and regulation. Securities and Exchange Board of India (SEBI) has issued guidelines under The Prevention of Money Laundering Act, 2002 (PMLA) which requires Mutual Funds to follow enhanced Know Your Customer (KYC) norms.


Change of Address:


In case a unit holder is KYC Compliant, he needs to submit the requisite documents to the KYC Registration Agency (KRA) for updating the new address. Once the address is updated with the KRA, the unit holders' address would be automatically updated in our records. In case a unit holder is not KYC Compliant, and he wishes to change his address in our records, then he needs to submit below mentioned documents to any of our/ CAMS Investor Service Centers :

1. A request for Change of Address on a Transaction Slip or by way of a letter.

2. An attested copy of Proof of new Address

3. An attested copy of PAN Card. If PAN is not updated in the folio, then investor will have to submit a request for Updation of PAN also in his folio.


Change of Bank Details:


In the event that an Investor wishes to Change his Bank Details in our records, he needs to submit the below mentioned documents to any of our/ CAMS Investor Service Centres

1. Request for Change of Bank Mandate on the Change of Bank Mandate form

2. Cancelled cheque leaf in original of New bank account. Investor name should be pre-printed on Cheque Leaf. If the same is not pre-printed then bank account statement also needs to be submitted with Cancelled Cheque Leaf. If Photocopy of New bank cancelled cheque leaf is submitted, the same needs to be attested (original seen & verified) by KMAMC or CAMS representatives. OR Attested Photocopy of Passbook of new bank account – Attestation (original seen & verified) to be done by KMAMC or CAMS representatives only.

3. Cancelled cheque leaf in original of existing registered bank account. Investor name should be pre-printed on Cheque Leaf. If the same is not pre-printed then bank account statement also needs to be submitted with Cancelled Cheque Leaf. If Photocopy of New bank cancelled cheque leaf is submitted, the same needs to be attested (original seen & verified) by KMAMC or CAMS representatives. OR Attested Photocopy of Passbook of existing registered bank account– Attestation (original seen & verified) to be done by KMAMC or CAMS representatives only.


KYC Registration

Documents required for Individual

1. KYC Application Form for Individual – with ‘In-Person Verification’ duly updated

2. Attested photocopy of PAN Card in the name of Applicant

3. Attested photocopy of Current Address proof in the name of Applicant for (Correspondence and permanent-Not more than 3 months old)


Documents required for Non-Resident Individual

1. KYC Application Form for Individual – with ‘In-Person Verification’ duly updated

2. Attested photocopy of PAN Card in the name of Applicant

3. Attested photocopy of Passport/ PIO Card/ OCI Card

4. Attested photocopy of Overseas Address proof (current and not more than 3 months old)

5. Attested photocopy of Current Address proof in the name of Applicant for (Correspondence and permanent-Not more than 3 months old)


Documents required for Non-Individual

1. KYC Application Form for Non-Individual

2. Attested photocopy of PAN Card in the name of Non-Individual Applicant

3. Attested photocopy of Current Address proof in the name of Non-Individual Applicant for (Correspondence and permanent-Not more than 3 months old)

4. Details of Promoters/ Partners/ Karta/ Trustees and Whole Time Directors forming a part of Know Your Client (KYC) Application Form for Non-Individuals on the Annexure Form.

5. Attested photocopy of Proof of Identity of all members mentioned on the Annexure Form

6. Attested photocopy of Proof of Address of all members mentioned on the Annexure Form


Additional documents to be obtained from Non-Individuals, over & above the afore-mentioned list, is mentioned below.