onlinemutualfund
KYC
Know your Customer
Page under construction
Subsequent to SEBI Circular, KYC was implemented in the Indian Mutual Fund Industry. KYC in MF industry was much similar to other industries like banking, insurance and other financial services.
Customer, client or the investor needs to submit various documents to verify and authenticate fund flow from and to the Asset Management Companies.
Listed below are initial attempts to explain KYC and the procedure followed to register or comply with KYC/ PMLA 2002 guidelines.
DINESH KR said
Dear sir, My folio No XXXXXXX (Magnum taxgain fund-dividend). I want to switch this to equity. Please inform me.
(Some Personal Information is removed for enhanced privacy protection)
onlinemutualfund said
@Dinesh,
SBI Magnum TAXGAIN is a ELSS scheme with lockin period of 3 yrs. You can switch or withdraw only after that period. Tear off the lower half of your account statement and forward a switch request to your nearest SBI Mutual Fund office or contact your local agent.
OMF.