What happens when the minor becomes a major?
On attaining majority, he / she has to apply for his / her independent KYC status, should they choose to invest with us thereafter. Guardians will not be able to use their KYC Compliance letter thereafter for the minor. However they can continue to use such KYC Compliance letter for their own individual transactions. • 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
On attaining majority, he / she has to apply for his / her independent KYC status, should they choose to invest with us thereafter. Guardians will not be able to use their KYC Compliance letter thereafter for the minor. However they can continue to use such KYC Compliance letter for their individual transactions. • As an existing Investor / Unit holder, I / We do not have investments of / intend to invest Rs. 50,000 or more. Do I / We still have to meet the KYC requirements? With effect from 1st January 2011 all investors need to be KYC compliant to invest in mutual funds irrespective of the investment amount. • What is a POS? A POS is an official Point of Service that acts as a front office to accept valid KAF, scrutinizes / verifies the supporting documents and issues a KYC Compliance Letter. Such POS locations are available on the website of Association of Mutual Funds in India (AMFI) at www.amfiindia.com and on our website www.hdfcfund.com. The KYC compliance letter must be kept wi
