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Know Your Customer, commonly known as KYC, enables a bank or a financial institution in authenticating the identity of its customers. This helps in prohibiting money-laundering activities and further ensures that the deposits/investments are made in the name of a real person and not fictitious one. KYC is a government-required compliance that all mutual fund investors have to adhere to.

Why is KYC required to invest in mutual funds?

An individual who wants to invest in mutual funds must submit KYC documents to be able to invest. However, such documents need to be submitted only once (in the initial stage) to the intermediaries such as fund companies, brokerages or mutual fund distributors. As per KYC norms for mutual funds introduced in 2012, the customers who comply with KYC norms don’t have to separately submit their PAN card. Before the implementation of these norms, customers had to deposit a copy of their PAN card for the investments which amounted to be ₹50,000 or more in one financial year.

SEBI later announced a common KYC process in order to add uniformity and consistency across SEBI-registered intermediaries including Portfolio Managers, Mutual Fund Companies, Venture Capital Funds, Stock Brokers and many others. This implementation brings duplication of KYC documents to zero and makes it easier for investors to invest in mutual funds without any inconvenience.

Do you have to get KYC done every time you wish to invest?

Investors need to present KYC documents just once before making investments. The KYC Registration Agencies (KRAs) registered under SEBI have accurate records of all KYC documents. After going through the process in the securities market, KRAs are responsible for sharing the details with other intermediaries whom you consider for future investments.

What is the process to get KYC done?

CDSL Ventures Limited, nominated by the mutual fund industry, has the authority to conduct the procedure to be compliant with KYC. The process of KYC can be successfully completed either offline or online. Here is a glimpse of both the processes.


  • Download the KYC application form from the CDSL Ventures website and fill in the required details
  • Sign and submit a physical copy of the form to the specified authorities or intermediaries through whom you wish to invest in mutual funds
  • Attach the photocopies of ID proof, residence proof and a passport size photo along with the form

Online (Aadhaar KYC):

  • Create an account on the KRA’s official website and fill in your personal details
  • Provide your registered mobile number along with their Aadhaar Card number. You will  receive an OTP to verify your phone number
  • Upload a self-attested copy of e-Aadhaar and accept the consent declaration terms

What are the documents required for KYC?

Investors need to submit a valid ID proof, a proof of address and a passport sized photograph along with their KYC application form:

  1. ID Proof: PAN card, driving license, passport copy, voter ID and bank photo passbook. Aadhaar card
  2. Proof of Address: Recent landline or mobile bill, electricity bill, passport copy, recent demat account statement, latest bank passbook, ration card, voter ID, rent agreement, driving license. Aadhaar card

How to check if you are already KYC compliant?

It is now very easy to check KYC your status. You can go to the official website of CDSL Ventures Limited and enter in your PAN number to check if you are KYC compliant or not.

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31st March 2018 is the last date to file last year tax returns
Last date
for filing
2015-16 31 March 2018
2016-17 31 March 2018
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