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Manoj Kumar, Executive Director, SEBI said the market regulator is actively looking into delays in updation of KYC status by the KYC Registration Agencies (KRAs).
He was speaking on the sidelines of the Association of Portfolio Managers in India(APMI) event held today in Mumbai.
Many distributors complain that the KYC status of their clients has not been updated even after 10 days of undergoing the KYC process again.
Kumar assured that hiccups related to KYC will be resolved completely.
While it takes a little time to streamline the systems and processes across KRAs, it is happening very fast in the MF and PMS industry, said Kumar.
In fact, all KRAs have dedicated helpline numbers for investors, he added.
