News From Press March 31 deadline: MF investors must re-do KYC or be blocked from all transactions

March 31 deadline: MF investors must re-do KYC or be blocked from all transactions

Source: Moneycontrol Mar 28, 2024

The March 31 deadline for mutual fund (MF) investors to re-do their KYC (know your customer) is barely a few days away. As per emails sent by registrar and transfer agents (RTAs), CAMS (Computer Age Management Services) and KFin Technologies (KFintech) to mutual fund distributors (MFD), MF investors whose KYC is not based on any of the ‘officially valid documents’, must do their KYC again before March 31, 2024.

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

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