Mutual fund KYC status: What does each KYC validated, registered, hold/ rejected mean
By Sneha Kulkarni, ET Online |
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How to check mutual fund KYC status
Step 1Visit any Mutual Fund's or 1 Registrar & Transfer Agent's (RTA) Website
Step 2 Check for "KYC Status” link. where you have an investment.
Step 3: Enter your 10-digit PAN.
Step 4 Your KYC Status will be displayed as 'Validated/Registered/On-Hold / Rejected.
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KYC validated
If you KYC is validated, you can do any transaction in any Mutual Fund.
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KYC registered
You can continue making transactions like purchases, redemption, switches, SIPs in all your existing mutual fund investments without any hassle.
Only if you want to invest in a Mutual Fund where you don’t have any investment already, you will have to do your KYC once again.
Only if you want to invest in a Mutual Fund where you don’t have any investment already, you will have to do your KYC once again.
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How to change from KYC registered to validated
You can get your KYC status changed to ‘KYC validated’ by doing the KYC update/ KYC modification process using PAN and Aadhaar from XML, Digi-locker or M- Aadhaar.
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KYC on hold or rejected
The KYC status on the mutual fund/RTA website will show the reason for KYC-ON hold/ rejected status; it could be: Mobile or Email not validated , PAN not linked with Aadhaar, Deficiency in KYC documents. You have to remediate the reason for KYC on hold/rejected
