Before investing in mutual funds in India, it is mandatory to complete your Know Your Customer (KYC) process. KYC ensures that your identity and address are verified, helping maintain compliance and preventing fraudulent transactions.
If you’re unsure whether your KYC is complete, or need to update your details, this step-by-step guide will help you check your KYC status and make necessary updates quickly.
1. Why KYC is Important for Mutual Fund Investments
Regulatory Requirement: SEBI mandates KYC for all mutual fund investors.
Smooth Transactions: Ensures instant processing of purchases, redemptions, and switches.
Security: Prevents fraudulent activity and identity theft.
Eligibility: Without KYC, you cannot invest or redeem mutual funds in India.
2. How to Check Your KYC Status
Step 1: Visit the KYC Portal
Go to the CAMS (Computer Age Management Services) or KFintech website, the official KYC registries.
Step 2: Enter Details
Provide your PAN number and date of birth.
Some portals may require additional details like mobile number or email.
Step 3: Verify KYC Status
The portal will display your KYC status:
Registered (Active): Your KYC is complete and active.
Registered (Inactive): KYC needs revalidation.
Not Registered: You need to complete KYC before investing.
3. How to Update Your KYC Details
Step 1: Submit KYC Form
Download the KYC form from CAMS or KFintech.
Fill in updated personal details, including name, address, PAN, or contact information.
Step 2: Attach Documents
Submit identity proof (Aadhaar/PAN/Passport) and address proof (Aadhaar/Utility Bill/Passport).
Step 3: Visit KYC Center (Optional)
You can update KYC online through e-KYC or offline at a KYC registration center (KRA).
Step 4: Verification
Your updated details are verified by the KRA.
Once approved, you will receive confirmation that your KYC is updated.
4. Tips for Smooth KYC Update
Ensure your PAN and Aadhaar details match to avoid rejection.
Keep scanned copies of documents ready for online submission.
Use registered email and mobile number linked to your PAN for OTP verification.
Regularly check your KYC status to prevent investment delays.
FAQs
Q1: Can I invest in mutual funds without KYC?
No. KYC is mandatory for all mutual fund investments in India.
Q2: How long does it take to update KYC?
Typically, 1–3 business days for online submissions; offline updates may take longer.
Q3: What documents are required for KYC update?
PAN card, Aadhaar card, passport, voter ID, or utility bill for address proof.
Q4: How do I know if my KYC is active?
By checking through CAMS or KFintech portals, your status will show as Active/Inactive/Not Registered.
Q5: Can I update KYC online?
Yes, e-KYC allows online submission and verification using Aadhaar OTP or video verification.
Published on : 4th October
Published by : SMITA
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