OnlineMF: KYC for Mutual Funds.
Know-your-client (KYC) process – Query bank.
1. After obtaining a KYC acknowledgment, will the KYC compliance be updated in the folios automatically? Will CVL inform the mutual funds for updation of KYC in the investor folios?
fund. The investors have to separately inform the fund/RTA about their KYC Registration along with KYC acknowledgements. Your KYC compliance status will be updated across all folios where your PAN number is registered and for any other folios you request.
2. How can an investor update his KYC compliance status in his folios?
house attaching a copy of their acknowledgements.
order to be able to invest Rs 50,000 or more in that folio.
Mutual Fund to complete KYC.
Insurance Company to complete KYC.
invest under various scheme names.
Main Venture Fund to complete KYC.
Proof of address: POA between Sub account/ FII and Sub custodian.
List of authorised signatories duly attested.
The sub custodian can sign the KYC application form.
Assets in India as of the last month end.
Officer / Photo copy of Army Id card duly attested can be accepted as proof of address.
Alternate documents in case the Partnership is not registered.
contact name in the MAF. Any officially valid document viz.
name is stated under contact name to be obtained.
address of the Partnership firm/Trust.
Secretary. All other entities’ documents to be attested by a Notary, etc.
Passport copy and PAN are mandatory.
does not stay at the address).
of a relative as per qs 10 wth proof of relationship?.
alternative documentation that can be taken?
Certificate) is to be produced.
an embassy or a bank abroad.
The page giving details of the registration of the entity has to be attested.
invest on the firm's behalf do?
19. What about proprietorship firm documents? Individual.
Bank Pass book with the name and address of the HUF.
acknowledgement for request of duplicate PAN card.
same be attached for investment?
his individual name & capacity.
address proof e.g. driving license?
a Passport, Driving license, Voters’ identity card.
for PMS clients thru Pool account.
place? In UAE, the PO Box is a genuine issue.
to fund houses’ internal guidelines.
the space provided for Correspondence address.
document evidencing the direct relationship i.e Parent/Spouse/Child.
May need to be modified now that we are treating PIO / NRI on par?
be taken instead of PIO?
Yes. Either an OCI card or a PIO card will be required.
resolution / authority to invest) is mandatory.
document. Do all partners need to sign?
investor) be a valid identity proof?
what is the proof to be submitted.
provide the address of the investors.
regional languages need to be translated.
investor and submitting POI & POA of self.
Mutual Fund transaction form, if applied through a POA.
attestation also required on those ?
copy. The original will be returned across the counter after verification.
proof applicable for local addresses as well.
proof of relation along with the address proof of her husband.
OCI card is not available).
identity and Proof of address.
Should we show him as an Indian Citizen i.e.
He should be categorized as a Foreign Citizen and Resident Indian.
complete KYC for the custodian for this purpose.
may be same or different.
and with out name seal and emp.code no.
bank, Name, Designation and signature is mandatory.
since 2 places have been ticked.
Should be deleted since PAN is the only acceptable POI?
NRIs may only give their overseas address.
can we accept without self attestation ?
accept the application without POA?
applicant except in the case of HUF not having a Deed of declaration???
documents as POA and take them on record?
computer can print such a statement.
65 What is Money Laundering?
and counter-measures to combat money laundering.
the Economic Intelligence Council (EIC) headed by the Finance Minister.
financial status, occupation and such other personal information.
which you do not use or need.
www.franklintempletonindia.com under the 'Contact Us' section.
formalities related to PAN verification and KYC.
documents. Both procedures must be completed together.
b) CVL will not accept a Distributor-attested copy of the PAN card.
any mutual fund as proof of PAN verification and KYC compliance.
folios/accounts with a Mutual Fund?
compliance by submitting a copy of their KYC acknowledgement.
acknowledgement is valid 10 working days from the date of issue.
to register your PAN and KYC status with Mutual Funds.
81 I have given a Change of Address to CVL.
acknowledgement. What do I do?
etc as per the requirements of the Mutual Fund.
changes or cancellations by CVL.
current on the date of submission.
89 I haven’t received my latest Bank Statement.
registered in my Mutual fund?
statement stub portion as “KYC Registered”.
Currently, KYC acknowledgements are issued free of cost.
Guardian must have completed these formalities on behalf of the minor.
specified form can be obtained form the AMFI or Mutual Fund website.
documents required to be obtained?
change to reflect in my details submitted?
a change in the income bracket you declared in the application form.
registered at the time of KYC?
banker attestation for signature difference?
independent of the KYC procedure.
100 Why do I need to give my Income details?
How can I be sure that it will not be misused?
As per PMLA, it is mandatory for Mutual Funds to obtain financial status details from their investors. The information given by you in the KYC. It may be reported to the FIU, if required by law.