Revised KYC norms for MF customers effective October 1, 2010.

KYC norms for investments in mutual fund are undergoing change with effect from October 01, 2010.
1. KYC will be compulsory for all Non individuals (Corporate, Partnership Firms, Trusts, HUF) NRIs and Channel investors with effective date 01st October 2010.

2. Individual investors (except NRI) are not covered under this and will continue to get exemption for investment below Rs.50,000/- .

3. There is no change in all other rules regarding obtaining KYC.

4. This rule will not be applicable for SIP and STP registrations done prior to 01/10/2010.

5. Applicability of KYC will be as mentioned below:

 
 
 
 
 
 
 
 
 
 
Thanks,
Nimesh.