L&T Mutual Fund announced the launch of eKYC, the mandatory KYC registration process, which can now be done online.
eKYC process is a simpler, digital version of the regular KYC process, with lesser steps and no hassle. The main objective of eKYC is to reduce turnaround time and paper work.
Once eKYC compliant, you can transact online easily. All you need to do is follow three simple steps:
- Login to www.lntmf.com
- Enter your PAN No. and Aadhaar No.
- Get authenticated through an OTP
Once you complete these three steps, you are KYC compliant and can start investing instantly.
In a press release, Kailash Kulkarni, Chief Executive Officer (CEO), L&T MF said, “KYC formalities are seen as a major decisive factor in getting investors to put in their money in mutual funds. The eKYC platform will enable to simplify and fasten the cumbersome process. Also the feature of being paperless should go very well with the investors who prefer digital experience and thus will be an initiative of great ease to new investors across geographies who can now be KYC compliant with just a click of a mouse."
