Email id, phone no verification: These two forms can make your life simple

Both CAMS and KFintech have launched their respective self-declaration forms through which MFDs can help their clients update email ID and phone number across all fund houses.

You can download CAMS form and KFintech form by visiting both the hyperlinks.

So far, investors are required to update these details at fund house level. With this, they need to fill up these two forms to update these details across all fund houses.

This has come after investors with invalid phone number or email id have been stopped from doing online transaction in mutual funds from Oct 1, 2022. However, they are allowed to submit their investment application through physical mode.

MFDs can get details of such accounts through mail back services offered by CAMS and KFinTech.

Here are a few points to remember:

• MFDs will have to provide family declaration if investment belongs to their family members
• Family involves self, spouse, guardian, dependent children, dependent siblings and dependent parents
• Distributors cannot update mobile number and email id on behalf of their clients