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

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Note :
1) With effect from 1st October 2015, HDFC Bank (AMFI Registered Mutual Fund Distributor & SIF Distributor) has "Opted-out" for transaction charge.

2) HDFC bank (AMFI registered Mutual Fund Distributor & SIF Distributor) acts as a distributor of Mutual Funds wherein we distribute products of various Mutual Funds. HDFC Mutual Funds is one of the mutual fund houses whose products are distributed by HDFC Bank (AMFI Registered Mutual Fund Distributor & SIF Distributor) wherein HDFC Bank became the holding company and promoter of HDFC AMC, in place of erstwhile HDFC Limited, with effect from July 1, 2023.

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