FAQ's on MF Re-KYC Norms

With effect from January 1, 2011, all categories of investors irrespective of amount of investment in Mutual Funds are required to comply with KYC norms under the Prevention of Money Laundering Act 2002 (PMLA) for carrying out the transactions such as new/ additional purchase, switch transactions, new SIP/ STP/ DTP registrations received from effective date i.e. January 1, 2011.

Basis the recent SEBI regulatory guideline, mutual fund investors are required to adhere to Re- KYC guideline w.e.f 1st April,2024. The guideline states that mutual fund investors whose KYC documents do not match with the Officially Valid Documents (OVD) need to update them by 31st Mar'2024 failing which KYC status will be treated as invalid.

1. KYC Status & Applicability
 

KYC Status 

When 

Impact o;n MF Investments 

Required to do Re- KYC? 

KYC Validated 

Original KYC was based on Aadhar 

Can perform MF transaction across fund houses 

No 

KYC Registered 

Original KYC was based on OVD, except Aadhar 

No impact on existing investments, but can't invest in new fund house apart from the one already invested with 

 Required to do Re-KYC in order to invest in a new fund house apart from the existing one's 

On Hold 

Original KYC was based on Non - OVD  

Debarred from all MF transactions 

Yes 

Rejected 

After KYC has been "On hold" for 10-15 days, status becomes "rejected" 

Debarred from all MF transactions 

Yes 

 

2. What are Officially Valid Documents (OVD)?
 

Sr. No 

Document 

Proof of Identity (POI)* 

Proof of Address (POA)* 

1 

The passport 

Yes 

Yes 

2 

The driving licence 

Yes 

Yes 

3 

Proof of possession of Aadhaar number 

Yes 

Yes 

4 

The Voter's Identity Card issued by Election Commission of India 

Yes 

Yes 

5 

Job card issued by NREGA duly signed by an officer of the State Government 

Yes 

Yes 

6 

The letter issued by the National Population Register containing details of name address 

Yes 

Yes 

7 

Any other document as notified by the Central Government in consultation with the Regulator 

Yes 

Yes 


3. How do I check my KYC Status?

Website 

Links 

CVL 

https://www.cvlkra.com/

NDML 

https://kra.ndml.in/kra-web/jsps/pos/KYCClientInquiry_NEW.jsp

CAMS 

https://www.camskra.com/

NSE 

https://www.nsekra.com/

KARVY 

https://www.karvykra.com/UPanSearchGlobalWithPanExempt.aspx


For scheme wise commission on Mutual Funds, click here

This is on a best effort basis and rates are updated as and when actual rates are received from AMCs

Note :
1) With effect from 1st October 2015, HDFC Bank (AMFI Registered Mutual Funds Distributor) has "Opted-out" for transaction charge.
2) HDFC Bank (AMFI Registered Mutual Funds Distributor) acts a distributor of mutual funds wherein we distribute products of various mutual funds . HDFC Mutual Fund is one of the mutual fund houses whose products are distributed by HDFC Bank (AMFI Registered Mutual Funds Distributor) wherein HDFC Asset Management Company Limited is one of the companies under the common control of our Promoters HDFC Limited.

3) The initial registration date for ARN -0005 is 17th Feb,2007 and the current validity of the ARN is 18th Feb,2027.