For a HUF investor, who has to comply with the KYC requirements?
The HUF as an entity is required to be KYC compliant. • For a partnership firm investing in a mutual fund scheme, do all partners have to comply with the KYC requirements or merely the Authorised Signatory (ies)? The Partnership entity is required to be KYC compliant and not the individual partners. Hence all requirements as applicable to a non-individual applicant will apply. • Can the address proof and identity documentary proof, be of any date? Only Permanent Account Number (PAN) card can be submitted as a Identity Proof. However, for proof of address a most recent document has to be submitted (not more than 3 months old). If proof of address is for example a passport, such a requirement will not apply as long as it is a valid passport. • Can a document serve two purposes i.e. both as proof of Identity and Address? No, Only Permanent Account Number (PAN) card can be submitted as a valid identity document. • All applicants from a folio have the same address. Do we need to give separa
The HUF as an entity is required to be KYC compliant. • For a partnership firm investing in a mutual fund scheme, do all partners have to comply with the KYC requirements or merely the Authorised Signatory (ies)? The Partnership entity is required to be KYC compliant and not the individual partners. Hence all requirements as applicable to a non-individual applicant will apply. • Can the address proof and identity documentary proof, be of any date? Only Permanent Account Number (PAN) card can be submitted as a Identity Proof. However, for proof of address a most recent document has to be submitted (not more than 3 months old). If proof of address is for example a passport, such a requirement will not apply as long as it is a valid passport. • Can a document serve two purposes i.e. both as proof of Identity and Address? No, Only Permanent Account Number (PAN) card can be submitted as a valid identity document. • All applicants from a folio have the same address. Do we need to give separa
The HUF as an entity is required to be KYC compliant. • For a partnership firm investing in a mutual fund scheme, do all partners have to comply with the KYC requirements or merely the Authorised Signatory (ies)? The Partnership entity is required to be KYC compliant and not the individual partners. Hence all requirements as applicable to a non-individual applicant will apply. • Can the address proof and identity documentary proof, be of any date? Only Permanent Account Number (PAN) card can be submitted as a Identity Proof. However, for proof of address a most recent document has to be submitted (not more than 3 months old). If proof of address is for example a passport, such a requirement will not apply as long as it is a valid passport. Can a document serve two purposes i.e. both as proof of Identity and Address? No, Only Permanent Account Number (PAN) card can be submitted as a valid identity document. –> • All applicants from a folio have the same address. Do we need to give sepa
