Are the KYC requirements only for new investments?
Yes. These requirements are only in respect of new investments (new subscriptions). Redemptions, switches and dividend reinvestments of any value are presently exempt from these requirements. • Are Know Your Customer Application Form (KAF) / documentation requirements separate for Individual / Non- Individual applicants? Yes. Separate KAF is available for Individual and Non-Individual applicants. Documentation requirements are also unique to both categories of applicants. • I / We have already provided my PAN copy for my investment in Mutual Fund. Is that not sufficient for KYC compliance? The requirement of providing a PAN is a requirement under the Income Tax Act and SEBI (Mutual Funds) Regulations, 1996. The current requirement is for KYC and under a different law – the PMLA. • Why should I / We comply with KYC norms when all the details are available in my/our Application Form? The KYC norms require submission of information matched by a valid document for proof of identity and pro
