Mutual fund investment frozen for KYC? Know who can do re-KYC online and who has to do it offline
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, described a client who completed re-KYC with PAN and a driving licence, got 'registered' rather than 'validated' status, and could use existing folios but not open new ones.
More of Abhishek's views on mutual funds
Economic Times explains the mutual fund re-KYC exercise investors had to complete by 1 April 2024, after bank statements and utility bills stopped counting as officially valid documents. It sets out who can complete re-KYC online using Aadhaar linked to PAN and mobile, why a 'registered' rather than 'validated' status can block investing with a new fund house, and what to do if wrong contact details were recorded.
Publisher source
Mutual fund investment frozen for KYC? Know who can do re-KYC online and who has to do it offline