Notice

Subject: Anti Money Laundering and Know Your Client guidelines

In terms of the Prevention of Money Laundering Act, 2002 ("PMLA"), the rules issued there under and the guidelines/circulars issued by SEBI regarding the Anti Money Laundering (AML) Laws, all intermediaries, including Mutual Funds, are required to formulate and implement a client identification programme, and to verify and maintain the record of identity and address(es) of investors.

In order to make the data capture and document submission easy and convenient for the investors, Mutual Fund Industry has collectively entrusted this responsibility of collection of documents relating to identity, address and record-keeping to an independent agency namely, CDSL Ventures Ltd. [“Central Agency”]. As a token of having verified the identity and address and for efficient retrieval of records, the Central Agency will issue a KYC Acknowledgement letter to each investor who submits an application and the prescribed documents to the Central Agency. Investor/s who has obtained a KYC Acknowledgement letter can invest in the schemes of the mutual fund by attaching a copy of the KYC letter in lieu of submitting information and documents required under Anti Money Laundering laws.

Investors who wish to obtain a KYC Acknowledgement Letter have to submit a completed KYC application Form ('the Form') along with all the prescribed documents listed in the Form along with PAN, at any of the Point of Service ('POS'). POS are the designated centres appointed by the Central Agency for receiving the application forms, processing data and issuing the KYC Acknowledgement Letter. Click here to download the form for individuals and click here to download the form for non-individuals or you can get the form at any POS. POS are the designated centers appointed by the Central Agency for receiving the Forms, processing data and providing the KYC Acknowledgement letter. Click here for the list and locations of POS. On submission of application, documents and information to the satisfaction of the POS, the investor will be given a KYC Acknowledgement letter across the counter. Subsequently, the Central Agency will scrutinize the information and documents submitted by the investor, and in case of any deficiency in the document / information, the form will be rejected.

Any subsequent changes in address or other details could be intimated to any of the POS (with relevant documentary evidence) and the same will get updated in all the mutual funds where the investor has invested.

Presently, it is mandatory for all applications for subscription of Rs. 50,000 and above to attach the KYC Acknowledgement letter for all applicants [both individual and non-individual] including joint holders, PoA holders, and guardian in case of minor, along with the Investment Application Form/s, Transaction Form/s while investing for the first time in every folio. Applications submitted without a copy of the KYC Acknowledgement letter could be rejected.

You may contact any of the Points of Contact or your distributor for any queries. Alternatively, you can write to us or call us at 1800 425 1313 (toll free for BSNL and MTNL landlines) or (040) 2342 8757 (STD charges applicable) from mobile and other landlines for any doubts/clarifications.

Registered Office Address: Forbes Building, Charanjit Rai Marg, Fort, Mumbai 400 001

DOCUMENTS AND INFORMATION TO BE PROVIDED BY INVESTORS FOR OBTAINING KYC ACKNOWLEDGEMENT LETTER:

Investors in mutual fund schemes have to provide:

1. Proof of Identity
2. Proof of Address
3. PAN Card
4. Photograph

Click here for the list of acceptable documents

The originals of these documents along with a copy each to be presented and the original will be returned after verification. Alternatively, investors can also provide an attested true copy of the relevant documents. Attestation could be done by Notary Public/ Gazetted Officer/ Manager of a Scheduled Commercial Bank.

Investors have to provide the relevant documents and information ONLY ONCE for complying with KYC. After that, Investors could invest in the schemes of all mutual funds by merely attaching a copy of the KYC acknowledgement letter with the application form / transaction slip when investing for the first time in every folio (Post KYC) in each Mutual Fund house, without the necessity to submit the KYC documents again.

This facility is being provided absolutely FREE OF COST to the investors. To begin with, investors investing Rs.50,000 or more will have to comply with KYC effective from February 1, 2008.

WHERE TO COMPLETE THE FORMALITIES:

Investors could complete the formalities by submitting the KYC form and relevant documents at the Points of Services (POS).

1. Individual KYC Form (Click here to download the form)
2. Non-individual KYC Form (Click here to download the form)
3. List of POS (Click here to view)

The application form for complying with KYC will be available from these POS. The application form could also be downloaded from CDSL www.cdslindia.com. Investors could contact offices of mutual funds, registrars and mutual fund distributors (ARN Holders) for further details and assistance.

Click here to read the FAQs on KYC Compliance