News From Press What is the latest KYC challenge with mutual funds and how to resolve it?

What is the latest KYC challenge with mutual funds and how to resolve it?

Source: Mint May 14, 2024

In the last few years, mutual funds have become the preferred mode of investment for retail investors. However, from 1st April 2024, some investors have been facing challenges in making new investments with new AMCs, and some investors have been facing challenges in redemptions due to KYC changes.

In this article, we will understand the new KYC changes applicable from 1st April 2024 and what you should do to ensure smooth investments/redemptions.

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