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KYC Verification
KYC, short for "Know Your Client," is a process used by financial entities and intermediaries such as mutual funds to verify the identities of their clients.
Dear Investor,
To finish your Video KYC on the MySIPonline app, follow these steps:
- Go to the 'Profile' section.
- Click on 'KYC.'
- Enter your PAN number.
- Check your KYC status (verified or non-verified).
- If non-verified, tap on the 'Start Video KYC' button.
You can refer to the video regarding the process: Video KYC
Yes, KYC (Know Your Customer) is mandatory for investing in mutual funds in India. It is a regulatory requirement set by SEBI to verify the identity and address of investors, ensuring transparency and preventing fraud. Investors must complete the KYC process before making any mutual fund investments.
No, KYC is done free of cost.
KYC Validated
Make any mutual fund transaction anytime without hassle.
KYC Registered
Continue transacting in existing funds. To invest in new ones, complete the KYC update using PAN and Aadhaar. Once validated, you can invest freely.
Link for KYC Validation: KYC Modification
Once KYC is validated, it’s a one-time process, allowing you to transact in any mutual fund without any further steps.
Once you've finished the video KYC verification, there's no requirement to send any documents in physical form.
You can upgrade your EKYC by undergoing the 'Video KYC' process available in the Profile section.
NRI investors need to submit certain documents physically to complete KYC formalities.
Documents required:
- Duly-filled KYC form
- Self-attested PAN card
- Self-attested Masked aadhar
- Self-attested Passport
- Self-attested overseas address proof (in English language)
- Cheque copy of NRE/NRO bank account