Electronic know-your-client process or eKYC offers convenience for mutual fund investors. Through this facility, you can complete the KYC process online without going personally or sending physical documents. Recently, mutual fund registrar and transfer (R&T) agency, Computer Age Management Services Pvt. Ltd (CAMS), launched the KYC service which along with its myCAMS facility will help new investors start investing and even start transacting, all in one sitting. Karvy Compushare Ltd, too, has launched the eKYC facility through Quantum Asset Management Co. Pvt. Ltd at moment. Here is a look at how CAMS’ eKYC facility works.
The process
You need to have a valid permanent account number (PAN) and Aadhaar number to use this facility. The objective here is to use details given for your Aadhaar verification for mutual fund-related KYC.
The process involves entering this data along with other basic personal information, which will enable you to start using the myCAMS facility, and transact immediately in mutual funds that are enabled with the platform. You will also have to upload a copy of your Aadhaar card.
