Mutual fund investors: Do you need to do KYC again? Check new rules here
Many investors are discovering that their existing KYC status has become invalid. The validity is determined by the identity or address proof submitted during KYC registration. The regulator has narrowed down the list of officially valid documents (OVD) that can be used as proof. Your previously registered KYC would have been put ‘on hold’ if it was done with non-OVD documents, or your e-mail/mobile were not verified. After a change in norms from 1 April, if your KYC is not ‘validated’, you may have to repeat the process.
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