News From Press Do you need to redo your mutual fund KYC? It depends on your KYC status

Do you need to redo your mutual fund KYC? It depends on your KYC status

Source: Moneycontrol Apr 12, 2024

The April 1 deadline for mutual fund (MF) investors to redo their KYC (know your customer) compliance if they did not meet certain conditions has passed. But the confusion around it has not.

Failure to redo KYC, where needed, can debar an investor either from investing with a new fund house (that is, one in which they currently have no investments) or worse, from carrying out any transactions even with their existing MF investments.

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