KYC means to know your customer and CKYC means Central KYC. This is an initiative which is taken by the government of India. CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India) will manage the CKYC.
If you are a new investor you have to submit the HDFC Mutual Fund KYC form. After completing the HDFC Mutual Fund KYC you can start investing in HDFC Mutual Fund. You also can check your HDFC Mutual Fund KYC status.
HDFC Mutual Fund KYC is only mandatory for the investors who are currently resident in India and also the NRIs. The date of Birth is also mandatory to fulfill the HDFC KYC Mutual Fund application form. You will also get notified is your KYC got rejected or fails. You will receive a message from CERSAI.
Who should have HDFC Mutual Fund KYC?
- Any individual(s) or non-individual(s) should have HDFC Mutual Fund KYC.
- Any guardian who is investing on behalf of minor should have HDFC Mutual Fund KYC.
- Constituted as Power of Attorney (PoA) holder(s), in case of investment through PoA should have HDFC Mutual Fund KYC.
- If an individual becomes an Investor due to an operation of law, e.g., transmission of units upon the death of an investor, the claimant/person (s) entering the Register of unitholders of the Fund will be required to be HDFC Mutual Fund KYC compliant before such transfer can take place.
Documents Proof of HDFC Mutual Fund
- KYC DOCUMENTS:
- Pan Card
- Adhaar Card
- Voter’s ID
- Passport Size Photo
- The investors will be issued an acknowledgment receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.
Eligibility criteria of HDFC MUTUAL FUND
- Adult citizens residing in India.
- Minor through legal guardians/parents.
- Limited liability partnership.
- Religious and charitable trusts.
- Banking and financial institutions
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- The Karta of Hindu Undivided Family (HUF)
- Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for a subscription either on a repatriation basis or on the non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Foreign Institutional Investors (FIIs) who have a registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations
