From Feb 1, 2017, new investors in mutual fund will have to do CYKC (Central Know Your Customer), before investing which will replace the earlier KYC (Know your customer).
What is CKYC?
Central KYC Registry or CKYCR will now replace the existing multiple KYC submission process while opening savings bank accounts, buying life insurance or investing in mutual fund products into one time centralized process. The Government of India h ..