Know Your Client (Kyc) Application Form (For Non-Individuals: Fill & Download for Free

What is KYC?KYC is an acronym for "Know Your Customer". SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions including Mutual Funds to 'know' their clients.This entails In-Person Verification (IPV), verification of identity and address, financial status, occupation and such other personal information.What should the investor do?Investors can submit the common KYC Application Form along with all necessary documents as prescribed with any SEBI registered intermediaries including mutual funds like Birla Sun Life Asset Management Company Limited. KRA shall send a letter to the investor within 10 working days confirming the details thereof.Apart from KYC, it is mandatory for intermediaries including mutual funds to carry out In-Person Verification (IPV) of all its new investors.TO SUMMARIZE:Step 1 Download and Fill-up the revised KYC form (effective January 01, 2012). Please Click here for (New) KYC FormStep 2 Attach the following documents:For Individuals and Non-Individuals:Documents evidencing Proof of Identity and Proof of Address (as mentioned in the revised KYC Application Form)Step 3 In-Person Verification (IPV):Complete IPV from any of the following:Any SEBI registered intermediary (including Birla Sun Life Asset Management Company Limited)Scheduled Commercial Banks (in case of any applications received directly)Step 4 Submit the KYC form alongwith necessary documents at the nearest Investor Services centre or any other intermediaries of KRA's as mandated by SEBI. Upon receipt and verification of the above documents, a KYC acknowledgement will be issued to each applicant.

Yes, Before investing in mutual funds KYC is required. Without KYC , investment will not be possible in mutual funds.There are two ways to do KYC:Offline KYCAs per recent regulatory developments, from January 1, 2011, KYC (Know Your Client) is mandatory for investors wanting to transact in Mutual Funds, regardless of the transaction amount. This means you will not be able to process any fresh MF purchases post January 1, 2011, unless you are MF KYC compliant as per CDSL Ventures Limited (CVL) norms.So you can always ask your broker’s to get you forms and submit them for your KYC but as there are no mutual funds fees they may not be very helpful at times and so it is better you also know how you can get your KYC done yourself. The process is really very simple.1. Get the FormThe KYC application form is available at the investor service centres of the Fund and CAMS or at any designated ‘Points of Service’ (POS) of CDSL Ventures Ltd. or can be downloaded from your broker, Advisor or AMC. I have uploaded them here for you to download. (KYC Form Individual / KYC Form-Non-Individual).2. DocumentsDocuments required to be submitted along with the KYC application form are:A recent passport size photographPAN card copyAddress proof (Recent bank statement will work but if you have get your bank statement in email you need to visit your bank branch to get an original one.)Once you have the documents ready submit at CAMS Online office in your city. You can find the address of your CAMS Office here. Make sure you carry the originals along with a xerox copy of the documents because at times they want to check with the originals.3. VerificationAfter verification of the KYC application form and accompanying documents, investors will receive a letter certifying their KYC compliance. They normally give you the letter in few hours to a max of 24 hours and there is no charge for this verification.You can verify your KYC status online here. The day you submit your form your status should be processing and once it is processed your status should become VERIFIED.Actually KYC need not be done at your broker’s end but some online system does not accept order if they don’t have the data in their own system and so it is better to get that done as well. Once you have the letter you can send that letter’s copy to your broker to update.2. E- KYC (Online E-KYC)Know Your Customer (KYC) compliance is a prerequisite for investments in mutual funds. Investors are required to fulfill KYC requirements with a KRA (KYC registration agency) once and this is applicable to all investments across funds. KYC formalities can now be completed online, a hassle-free and quicker approach to investing. E-KYC is based on the Aadhaar number.WhereThe investor has to log into the KRA website and enter basic details such as PAN number, email id, AMC name, bank name, date of birth, mode of holding and tax status. On providing these details, the KYC compliance status of the investor will be displayed. If the investor is not KYC compliant, he is required to add his Aadhaar number and registered mobile number.Aadhaar-based authenticationAfter providing the Aadhaar number and registered mobile number, the Aadhaar authentication screen is displayed. An OTP is sent to the registered mobile number. The same needs to be entered on the screen along with pin code.Uploading documentsAfter Aadhaar authentication, the investor is required to upload a self attested copy of e-Aadhaar. Further, he will be required to select consent declaration displayed on the screen for further processing of the request.VerificationThe Aadhaar and registered mobile number of the investor is verified with the Aadhaar database of the UIDAI. Upon successful verification, the screen displays that the investor is e-KYC verified and can carry out transactions in mutual funds.Points to noteThis facility is currently available only for individual investors with single mode of holding.Sebi currently permits investment of Rs 50,000 each financial year per mutual fund for Aadhaar based e-KYC using OTP verification.Once the investment value crosses Rs 50,000 in a financial year, the investor will have to undergo in-person verification.

I shall take up the question related to investing. I have personally found the investment in Equity Mutual Funds as most rewarding.There are a number of good options for this. But you need to first do KYCWhat is KYC?KYC is an acronym for "Know Your Customer". SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions including Mutual Funds to 'know' their clients.This entails In-Person Verification (IPV), verification of identity and address, financial status, occupation and such other personal information.What should the investor do?Investors can submit the common KYC Application Form along with all necessary documents as prescribed with any SEBI registered intermediaries including mutual funds like Birla Sun Life Asset Management Company Limited. KRA shall send a letter to the investor within 10 working days confirming the details thereof.Apart from KYC, it is mandatory for intermediaries including mutual funds to carry out In-Person Verification (IPV) of all its new investors.TO SUMMARIZE:Step 1 Download and Fill-up the revised KYC form (effective January 01, 2012). Please Click here for (New) KYC FormStep 2 Attach the following documents:For Individuals and Non-Individuals:Documents evidencing Proof of Identity and Proof of Address (as mentioned in the revised KYC Application Form)Step 3 In-Person Verification (IPV):Complete IPV from any of the following:Any SEBI registered intermediary (including Birla Sun Life Asset Management Company Limited)Scheduled Commercial Banks (in case of any applications received directly)Step 4 Submit the KYC form along with necessary documents at the nearest Investor Services centre or any other intermediaries of KRA's as mandated by SEBI. Upon receipt and verification of the above documents, a KYC acknowledgement will be issued to each applicant.Once your KYC is through choose good schemes.How to Choose a Mutual FundKeep the following things in mindPedigree of the fund house. There are good names like - Birla, DSP Black Rock, Franklin Templeton, Kotak, L & T, Reliance, Tata, Principal, MiraeGenerally avoid sector specific funds like Infrastructure, Banking, Power, Transport, Pharma; any fund having a specific name attached to it.Its Crisil Rating and Rank. Choose a rating of 5 or 4 star or Rank 1 or 2The AUM – Assets under Management should be minimum Rs. 500 crore and maximum Rs. 10000 crore. More become unwieldy.Chose Large Cap, Medium and Small Cap, Diversified Equity or Balanced.