KYC status of mutual funds can be checked online.
Before investing in mutual funds, it is necessary that your KYC information is updated and valid. It is necessary to check its status before updating KYC. You can check KYC status by going to any AMC (Asset Management Company) or RTA (Registrar and Transfer Agent) website only by entering your PAN number. Your position will appear as validated, registered, hald or reject.
How to check KYC status
That Mutual fund Or go to the website of RTA where you are investment. Click on the check KYC status link and enter your 10 -digit PAN number. Fill the captcha. Your KYC status will be seen on the screen as validated, registered, hold or reject.
1. KYC validated
If KYC is valid, then you do not need to do anything. You can invest or transact in any mutual funds anytime.
2. KYC registered
If your KYC is registered, you can transact in your existing mutual fund investments. But if you want to invest in a new fund, then you have to update KYC again. You can complete the KYC update or modification process through PAN and Aadhaar (XML, Digilocker or M-Aadhaar) so that your situation becomes valid.
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3. KYC hold or reject
If your KYC is looking hold or rejecting, then these reasons can be behind it. Mobile number or email ID is not verified. PAN and Aadhaar are not links. Or there is any deficiency in KYC documents. All you have to do is follow the steps mentioned on the mutual fund website. As soon as the status changes into registered or varied, you can start investing.
Can update here
Apart from this, you can reach the website of AMFI (Association Mutual Fund of India) and access the Ekyc modification page of 43 AMC like HDFC, ICICI PRUDENIAL, Kotak Mahindra, and Mirae Asset Mutual Fund. From there you can easily update or improve your KYC information.