mutual fund help

mutual fund help

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Deal Newbie
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I did my KYC with Paytm money but when I check on other application like ETmoney it shows as my KYC is not verified . whether we need to verify the KYC invidually for every site can any one explain how it works

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5 Dimers
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Deal Subedar
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Yes. Every app would ask separate kyc

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Deal Cadet
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Kyc know your customer, how come one party can know his customer when you did your kyc to secound party

Cropped3208343734116667979
Deal Newbie
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So if I need to buy mutual funds form axis amc again I need repeat the in person video verification and if I went to SBI AMC again I want to repeat the same process ??

Hamster
Entertainer
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Harry-Potter wrote:

So if I need to buy mutual funds form axis amc again I need repeat the in person video verification and if I went to SBI AMC again I want to repeat the same process ??

Easiest way is to take time out and visit any cams or karvy office and submit kyc form with id and address proof (pan and aadhaar), photo and filled form with signature exactly as pan, all photocopies self verified and latest photo. cams/karvy will check documents, might ask a question or two like address or phone number and you are done. kyc will be updated within a week and then you can use any mutual fund. and instead of paytm its makes sense to use mfu which is mutual fund association’s own service. much better than any online platform and free for life.

Hamster
Entertainer
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scool3030266 wrote:

of course not

yes we have. I’m ckyc verified but it’s of no use so far. still not used by many organization. like a gas company will do separate kyc, bank will do it’s own and mutual fund will do it’s own to save themselves from any fraud/ have habit/their will.

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Deal Cadet
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marketdimer wrote:

yes we have. I’m ckyc verified but it’s of no use so far. still not used by many organization. like a gas company will do separate kyc, bank will do it’s own and mutual fund will do it’s own to save themselves from any fraud/habit/will.

Thank you for enlightening me!

Hamster
Entertainer
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scool3030266 wrote:

Thank you for enlightening me!

And yes, mutual funds amc are only institution which accepts ckyc online or offline.

Hamster
Entertainer
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What you did op is ekyc which you have to do every time. better complete offline kyc soon to solve future problems.

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