If you want to invest in mutual funds, there’s one non-negotiable rule — you need to be KYC compliant. “Know Your Customer” (KYC) is a simple verification process that confirms your identity and ensures your investments are compliant with regulations. Without it, you cannot invest in new funds or make fresh purchases in existing ones. The good news? Checking and updating your KYC is quick and can be done entirely online.
Why KYC matters
KYC isn’t just a formality. It’s what allows regulators and fund houses to know who’s investing and to keep the system clean. An outdated or incomplete KYC can freeze your transactions, leaving you unable to buy, sell, or switch mutual fund units. That’s why it’s important not only to complete the process once but to keep your details updated.
How to check your KYC status
You don’t need to visit a bank or AMC office to check your KYC status. Any KYC Registration Agency (KRA) website — such as CAMS KRA, CVL KRA, NDML, Karvy, or NSE KRA — can show your status in seconds. 1. Go to the KRA website and click on “Check KYC status.” 2. Enter your PAN and captcha code. 3. Your status will appear immediately — “KYC Verified,” “Registered,” “On Hold,” or “Rejected.”
If it says “Verified,” you’re good to go. If it shows “On Hold” or “Rejected,” you’ll need to update your information.
How to update your KYC
Updating your KYC is just as simple: 1. On the same KRA site, choose “Update KYC” or “Modify KYC.” 2. Enter your PAN and verify with OTP sent to your registered mobile or email. 3. Upload scanned copies of your ID proof (like PAN) and address proof (like Aadhaar, passport, or utility bill). 4. Submit and you’ll get an acknowledgment. The update usually gets approved in a few working days.
If you prefer, you can also complete the process through in-person verification at CAMS, Karvy, or with your distributor.
When should you update your KYC?
Anytime your personal details change — such as address, phone number, or email — you need to update your KYC. If your KYC was done many years ago in paper form, it’s wise to revalidate it online so it aligns with current norms.
FAQs
Q1. Can I invest in mutual funds without KYC?
No. KYC is mandatory for all mutual fund investors in India. Without it, your transactions will be blocked.
Q2. How long does KYC verification take?
Usually 1–3 working days if done online.
Q3. Do I need Aadhaar for KYC?
Not necessarily. Passport, voter ID, or driving license also work as valid proofs.
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