Let us look at what is KYC in depth.
Those who are investing for the first time in the mutual fund, for them KYC is mandatory. They have to fulfill all the requirements of KYC norms and thus it is required only once. All the norms under KYC are mainly issued by the Prevention of Money Laundering Act (PMLA). It tracks if the funds invested are legal or not and stops the flow of black money. This is done through KYC registration agency such as CAMS or NSE.
KYC process is completely free and can be done in three different ways. But before that let us find out the documents which are must for KYC along with the Know Your Client application form. Also, you need to attach one passport size photograph.
For ID Proof: PAN Card, Driving License, Passport copy Christian
Miller Womens Jersey , Voter ID, Aadhaar Card or bank photo
passbook.
For address proof: Recent landline or mobile bill,
electricity bill, passport copy, recent demat account statement, latest bank
passbook Will
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Driving License or Aadhaar card
Physical KYC Process
You need to download the KYC form which you can get from the websites of
mutual fund houses or registrar and transfer agents such as Karvy Computershare
and Association of Mutual Funds of India (Amfi: the major body of mutual
fund).
You can also get the form by visiting below link.
>
After downloading, you need to submit the physical copy of the form,
duly signed with mandatory documents as mentioned above Greg
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transfer agent office.
How to get KYC done and invest in mutual fund online?
If you don鈥檛 want to
the physical process, you can get KYC done online and thus further invest in a
fund of your choice. For e-KYC, you should have your Aadhaar number. After
selecting the fund house where you want to invest, visit the respective fund
house website and go ahead with eKYC as per Adhaar. Fill the PAN details and
select the option that you are not KYC-compliant. Further, you need to enter the
mobile number which is given in Adhaar details. Now in your mobile phone, you
will receive a one-time password (OTP). Once you enter that OTP Brian
Burns Womens Jersey , KYC process gets completed.
However, with
the above method, the yearly investment of Rs50,000 per fund house is only
possible. For more investment, you need to opt for physical KYC or a biometric
KYC. With the biometric device, you can apply for the KYC process wherein your
thumb is scanned which ultimately gets linked with Adhaar data. After entering a
few details and fingerprint match Curtis
Samuel Womens Jersey , a photo will get popped up in your phone. It
means your KYC process is successful and thus you can invest further.
Those who are investing for the first time in the mutual fund, for them KYC Process is mandatory through biometric device, you can apply for the KYC process wherein your thumb is scanned which ultimately gets linked with Adhaar data. Visit us to know more about Mutual Funds.
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BEIJING, March 30 (Xinhua) -- The National Basketball Association (NBA) announced Wednesday that NBA Global Games China 2016 will feature two preseason games in Shanghai and Beijing between the Houston Rockets and the New Orleans Pelicans in October.
Two matches will be played at the Mercedes-Benz Arena on Oct.9 in Shanghai and in Beijing on Oct.12 at The LeSports Center. The games could be watched on television, digital and social media in more than 200 countries and regions.
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""Our entire Houston Rockets team is looking forward to returning to China, we are proud of the special bond our team has with the Chinese fans."" James Harden said.
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