Know
your client (KYC)
In order to comply with regulatory provisions
under the Prevention of Money Laundering Act 2002, Rules issued thereunder and
related guidelines/circulars issued by SEBI, KYC formalities are required to be
completed for all Unit Holders, including Guardians and Power of Attorney holders,
for any investment (whether new or additional purchase) of Rs. 50,000 or more
in mutual funds. For the convenience of investors in mutual funds, all mutual
funds have made special arrangements with CDSL Ventures Ltd. (CVL), a wholly owned
subsidiary of Central Depository Services (India) Ltd. (CDSL)). Click
here for Source:
AMFI India |
Investors in Mutual Funds to comply with 'KNOW YOUR CLIENT' (KYC)
