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MUTUAL FUND KYC
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As per SEBI guidelines & pursuant to implementation of Know Your Customer (KYC)
norms under Prevention of Money Laundering Act, 2002 (PMLA), Investors investing
in Mutual Funds (MF) either by investing a lumpsum amount or through a Systematic
Investment Plan (SIP) will have to comply with the MF KYC procedure effective from
January 01, 2011 ( in Demat Mode Dp a/c is sufficient). This is a one-time process.
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Zen Securities Limited has tied up with CDSL's CVL for being a point of service
(POS) for processing MF KYC application.
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Accordingly, Investors will have to provide the following documents:
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How to get the KYC
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- The MF KYC application forms together with the originals along
with a photocopy (Self-attested) or attested true copies of the above mentioned
documents have to be presented at the nearest
ZEN Branch.
- ¤ The
ZEN Branch will accept the applications verify the documents and will send to
H.O. for processing.
¤ One can collect the Acknowledgment Letter from the Branch where they have submitted
the KYC Forms after 10 days of submission.
¤ If there is any deficiency in documentation, then the investor will be advised.
¤ Please note that PAN will be the only unique identity number for investors and
no new number will be issued.
¤ The investor has to attach the above acknowledgment letter to his/her Mutual fund
investment application.
- Investors, who have completed the KYC procedure by providing PAN
and other documents earlier to CVL POS, need not repeat the process.
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KYC Details Change
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- MF KYC Details Change Application Form- Individual / Non-Individual
- Copy of proof for change details
¤ Can be Attested by notary public/gazette officer/manager of
scheduled commercial bank. (or)
¤ Self-attested when presented with original at CDSL Ventures POS / ZEN Branches
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Additional Information
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- Frequently Asked
Questions ( FAQ)
- At present this facility will be provided free of cost to the
investors. Hence, Please ensure to obtain/apply the KYC application for all applications
irrespective of the amount of investment even though it is mandatory only for applications
of Rs.50,000/- and above.
- To Know more details about MF KYC you can visit our nearest branch or email mutual@zenmoney.com
or call us on 040-39112424.
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