It’s responsibility of AMCs to ensure that KYC of MF investor is completed: Regulator

Putting to rest the doubt that if prospective investors have to apply for Know Your Customer (KYC) separately first to become eligible to apply for investments in mutual fund (MF) schemes, Association of Mutual Funds in India (AMFI) has issued a clarification on behalf of the Securities and Exchange Board of India (SEBI), which makes it clear that – it is the responsibility of the Intermediary (i.e., the Asset Management Company (AMC)) to ensure that the KYC is completed as specified in various SEBI circulars / guidelines.

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