What is KYC Form for Mutual Funds?

What is KYC Form for Mutual Funds?

If you are the mutual fund investor than you must have heard about the KYC Form. Well, if not than let me tell you that what it means. Well, KYC means Know Your Client Form.

Up to now, KYC Form was compulsory for the mutual fund investments above Rs.50,000. But from 1st January 2010, KYC Form is MUST for all kind of mutual fund investments – small or large.

Download KYC Form Here

Investors have to submit the KYC form, which is available with fund houses, along with necessary documents at the nearest investor services centre. They have to provide a photocopy of the PAN card , proof of address document and a passport size photograph.

From 1st January 2011, KYC Form is MUST for all kind of investments. So take a note of this. If you fail to submit this form along with your MF investment than your MF investment application will be rejected.

Parts of KYC Form -

KYC Form has 3 parts – A, B & C.

A. Identity Details – Name, Date of Birth, Nationality, Status, PAN

B. Address Details – Address of Correspondence, Address Proof…etc..

C. Other Details – Gross Annual Income, Occupation Details, Signature…etc…

So this form is compulsory now onwards. So kindly take a note of it.