GUIDESMUTUAL FUNDS
How to do KYC for Mutual Funds? The Complete Guide
7 MIN • 
LAST EDITED BY ANOOP MENON ON AUGUST 21, 2024.
LAST EDITED BY ANOOP MENON ON AUGUST 21, 2024.
GUIDES LAST EDITED BY ANOOP MENON ON AUGUST 21, 2024.
For investing in any type of mutual fund, your KYC process needs to be completed. Financial institutions like investment brokerages and fund houses use your KYC information to identify you as a customer. The good thing about it is you can complete your KYC process online or offline. Let’s learn about the mutual fund KYC process here.
You can complete your offline mutual fund KYC through the CDSL (Central Depository Services Ltd) website or an investment intermediary (platforms like banks and investment brokerages).
The CDSL Ventures Limited or CVL is authorised to conduct the KYC norms and processes for mutual funds. Here are the steps for completing this:
Download and fill out the KYC form. You can download the KYC form from the CDSL’s website and fill out the details asked in the form. Fill in details of your PAN (Permanent Account Number), address, phone number, email address and other information correctly in the form.
Keep your physical documents ready before you plan to visit the office of a mutual fund house or an intermediary. The documents required are -
It will take around a week for the offline KYC process to be completed and for your verification to come around. Alternatively, you can choose to do online KYC for mutual funds.
Having your PAN and Aadhaar cards scanned and ready to upload can save you a few minutes as you start the process.
Login to any KRA (KYC Registration Agency). You can find the web portal of any KRA by searching “KYC Registration Agency India” online. Now, select “Individual KYC”, enter your PAN details and verify. This will create your account with the KRA. After your KRA account is created, you can complete the KYC form.
After entering your details in the KYC form, you can upload your documents for verification. The entire verification process for KYC can take around four to five days. Once you have completed your online KYC, the KRA will generate a unique KYC identification number. This KYC number will be common for any platform you choose for investing in mutual funds in India.
You will also be notified through SMS on your registered mobile number once your KYC process is completed. Once your KYC identification number is generated, you can login to your KRA website and update KYC online for mutual fund investing whenever required.
If you are KYC-ready, all that's left is investing in the right mutual fund. Here is a detailed guide for the same.
With the increasing popularity of mutual funds as a means of wealth creation, completing the KYC process has become essential for investors. Whether you choose to complete the process offline through the CDSL website or visit an intermediary office, or opt for the convenience of online KYC via KYC Registration Agencies (KRAs), the steps and documents needed are clearly outlined. By completing your KYC, you ensure compliance with regulatory norms and gain access to a wide range of investment opportunities.
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KYC for mutual funds can be done online through the KRA (KYC Registration Agency) website or a mutual fund investment portal. Once your KYC verification is successful, you can invest through any mutual fund investment platform with the same KYC identification.
The online KYC process for mutual fund investing takes around four to five days to be completed, whereas the offline KYC process can take around a week.
You cannot invest in a mutual fund without completing your KYC process. The KYC process is mandatory for mutual fund investing to avoid fraudulent investments and money laundering.
You can login to any KRA (KYC Registration Agency) online and begin your KYC process by entering your PAN and Aadhaar details. You can change your KYC for mutual funds in India offline and online. It can be done through KRA (KYC Registration Agency), the AMC office (Asset Management Company) or the R&T office (registrar and transfer agent).
