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Know Your Client
W.E.F. February 1, 2008 Investors in Mutual Funds investing Rs. 50,000/- and above are required to comply with Know Your Client (KYC) norms under the Prevention of Money Laundering Act 2002 (PMLA)
Know Your Client Forms for both individuals and non-individuals can be downloaded from our website.
These must be filled in and submitted to our office as early as possible. Every investor is required to fill in only one form, irrespective of the number of mutual funds he/she has investments in. Both existing and new investors, who have not submitted a KYC form earlier, must do so now. KYC formalities are required to be completed for all Unit Holders, including Guardians and Power of Attorney holders.
Investors must provide the originals of the following documents along with a copy each to be presented and the original will be returned after verification. Alternatively, investors can also provide an attested true copy of the relevant documents. Attestation could be done by Notary Public/ Gazetted Officer/ Manager of a Scheduled Commercial Bank.
Prescribed Documents for Mutual Fund Investments (PAN Mandatory)
For Individual Investors
Proof of Identity :
1. Photo PAN Card
2. In case of Non Photo PAN Card in addition to copy of PAN
Card any one of the following :
Driving License /Passport copy / Voter ID / Bank Photo Pass Book.
Proof of Address (any one of the following) :
1. Latest Telephone Bill: Landline/Mobile (not more than 3 months prior to the date of application).
2. Latest Electricity Bill (not more than 3 months prior to the date of application).
3. Passport copy.
4. Latest Bank Passbook/Bank Account Statement (not more than 3 months prior to the date of application).
5. Latest Demat Account statement (not more than 3 months prior to the date of application).
6. Voter ID.
7. Driving License.
8. Ration Card.
9. Rent Agreement.
For Overseas Address of NRIs:
1. Overseas Bank Account Statement (not more than 3 months prior to the date of application).
2. Any other document duly certified by local authority in the country of residence.
In case the documents are in any language other than English the same must be translated to English and certified by Government Authority in country of residence or by the Indian Embassy. In case investors provide more than one address, proofs of both the addresses need to be provided.
For HUF
Units can only be held in the name of Karta on behalf of the HUF
Proof of Identity (any one of the following):
1. Copy of PAN Card of the HUF.
Proof of Address (HUF)
1. Latest Bank Passbook (not more than 3 months prior to the date of application).
2. Bank account statement (not more than 3 months prior to the date of application).
Alternately, any of the documents listed for proof of address for an individual can be provided by the karta.
Non individuals (PAN Mandatory)
Companies / Bodies Corporate (Certified copy of the following):
1. Certificate of incorporation.
2. Memorandum & Articles of Association.
3. Resolution of the Board of Directors authorizing investment in mutual funds.
4. Power of Attorney granted to its managers, officers or employees to transact business on its behalf (Authorized Signatories List).
Partnership firms (Certified copy of the following):
1. Certificates of Registration, in case of registered Partnership Firms.
2. Any other officially valid documents in respect of holding a power of attorney to transact (Authorized Signatories List and resolution/authority to invest).
Trusts, foundations, NGO's Charitable Bodies, Clubs/Mutual Fund Schemes (Certified copy of the following):
1. Certificate of Registration, in case of registered Trusts.
2. Any other valid documents in respect of holding a power of attorney to transact (Authorized Signatories List and resolution / authority to invest)
3. Offer Document of the Mutual Fund Scheme.
Know Your Client Forms for both individuals and non-individuals can be downloaded from our website.
These must be filled in and submitted to our office as early as possible. Every investor is required to fill in only one form, irrespective of the number of mutual funds he/she has investments in. Both existing and new investors, who have not submitted a KYC form earlier, must do so now. KYC formalities are required to be completed for all Unit Holders, including Guardians and Power of Attorney holders.
Investors must provide the originals of the following documents along with a copy each to be presented and the original will be returned after verification. Alternatively, investors can also provide an attested true copy of the relevant documents. Attestation could be done by Notary Public/ Gazetted Officer/ Manager of a Scheduled Commercial Bank.
Prescribed Documents for Mutual Fund Investments (PAN Mandatory)
For Individual Investors
Proof of Identity :
1. Photo PAN Card
2. In case of Non Photo PAN Card in addition to copy of PAN
Card any one of the following :
Driving License /Passport copy / Voter ID / Bank Photo Pass Book.
Proof of Address (any one of the following) :
1. Latest Telephone Bill: Landline/Mobile (not more than 3 months prior to the date of application).
2. Latest Electricity Bill (not more than 3 months prior to the date of application).
3. Passport copy.
4. Latest Bank Passbook/Bank Account Statement (not more than 3 months prior to the date of application).
5. Latest Demat Account statement (not more than 3 months prior to the date of application).
6. Voter ID.
7. Driving License.
8. Ration Card.
9. Rent Agreement.
For Overseas Address of NRIs:
1. Overseas Bank Account Statement (not more than 3 months prior to the date of application).
2. Any other document duly certified by local authority in the country of residence.
In case the documents are in any language other than English the same must be translated to English and certified by Government Authority in country of residence or by the Indian Embassy. In case investors provide more than one address, proofs of both the addresses need to be provided.
For HUF
Units can only be held in the name of Karta on behalf of the HUF
Proof of Identity (any one of the following):
1. Copy of PAN Card of the HUF.
Proof of Address (HUF)
1. Latest Bank Passbook (not more than 3 months prior to the date of application).
2. Bank account statement (not more than 3 months prior to the date of application).
Alternately, any of the documents listed for proof of address for an individual can be provided by the karta.
Non individuals (PAN Mandatory)
Companies / Bodies Corporate (Certified copy of the following):
1. Certificate of incorporation.
2. Memorandum & Articles of Association.
3. Resolution of the Board of Directors authorizing investment in mutual funds.
4. Power of Attorney granted to its managers, officers or employees to transact business on its behalf (Authorized Signatories List).
Partnership firms (Certified copy of the following):
1. Certificates of Registration, in case of registered Partnership Firms.
2. Any other officially valid documents in respect of holding a power of attorney to transact (Authorized Signatories List and resolution/authority to invest).
Trusts, foundations, NGO's Charitable Bodies, Clubs/Mutual Fund Schemes (Certified copy of the following):
1. Certificate of Registration, in case of registered Trusts.
2. Any other valid documents in respect of holding a power of attorney to transact (Authorized Signatories List and resolution / authority to invest)
3. Offer Document of the Mutual Fund Scheme.
Source: www.amfiindia.com
