mutual fund help
- 386
- 11
-
- Last Comment
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
- Sort By
Don’t we have a central KYC ??
of course not
Kyc know your customer, how come one party can know his customer when you did your kyc to secound party
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.
What you did op is ekyc which you have to do every time. better complete offline kyc soon to solve future problems.
Yes. Every app would ask separate kyc