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AMFI has urged MFDs to provide clarity on the recent KYC issue to their clients and give them confidence that they can continue to transact in any MF scheme of their choice.
The trade body said, “As a mutual fund distributor and a guide of your clients, you need to provide clarity to your mutual fund clients and provide comfort to them that they can continue to transact in any of the mutual funds of their choice.”
To resolve KYC issue, AMFI has given a few simple tips:
- Get the data from RTAs on KYC status of clients through mail back service. You can download CAMS WBR-9C or CAMS-WBR-56 and KFIN-MFSD_262
- Approach clients with ‘Registered’ status and request them to complete KYC using Aadhaar XML/Digilocker/M-Aadhaar by visiting website of any fund house. Clients can also do physical KYC at the nearest AMC or RTA office
- Similarly, for the investors whose KYC status is ‘On Hold’, you can guide them on the reason for rejection and help them resolve the issue through reKYC
