How to Complete KYC for Mutual Fund Investment

KYC (Know Your Customer) is the mandatory first step before you can invest in any mutual fund in India. It is a one-time process regulated by SEBI, and once completed, your KYC is valid across all fund houses. This guide explains how to complete KYC for mutual fund investment, covering both online and offline methods.

What Is KYC and Why Is It Required?

KYC is an identity verification process that financial institutions must perform to prevent fraud, money laundering, and other financial crimes. SEBI mandates that every mutual fund investor must be KYC-compliant before making any investment.

The good news is that KYC is a one-time process. Once you complete it with one entity — whether a mutual fund, a bank, or a broker — your KYC status is valid across the entire financial system.

Documents Required for KYC

Keep these documents ready before starting your KYC process:

• PAN card: Mandatory for all mutual fund investments above ₹50,000 (and recommended even for smaller amounts)
• Aadhaar card: For identity and address verification
• Passport-size photograph: Recent photo (digital copy for online KYC)
• Bank account details: Account number, IFSC code, bank name
• Address proof: Aadhaar usually suffices. Alternatives include passport, voter ID, or utility bill
• Mobile number: Linked to your Aadhaar (for OTP-based e-KYC)

Method 1: Online KYC (e-KYC) — The Fastest Way

Online KYC, also called e-KYC, is the most convenient method and can be completed in under 10 minutes.

Through an Investment App (like Bachatt)

1. Download the app and create your account
2. Start KYC: The app will guide you through the process step by step
3. Enter PAN details: Your PAN is verified instantly against the income tax database
4. Aadhaar verification: Enter your Aadhaar number and verify with OTP sent to your Aadhaar-linked mobile
5. Selfie/Photo: Take a live selfie for identity matching
6. Bank verification: Add your bank account — some apps verify through a penny drop (a small test transaction)
7. E-sign: Digitally sign the KYC form using Aadhaar OTP
8. Done! Your KYC is typically processed within 24-48 hours

Through KRA Websites

You can also complete e-KYC directly through SEBI-registered KYC Registration Agencies (KRAs):

• CAMS KRA: camskra.com
• KFintech KRA: krainfo.kfintech.com
• CVL KRA: cvlkra.com

Method 2: In-Person KYC (Offline)

If you prefer the traditional route or face issues with e-KYC:

1. Download the KYC form from any KRA or AMC website
2. Fill in your details: Personal information, address, bank account, etc.
3. Attach documents: Self-attested copies of PAN, Aadhaar, and photograph
4. Submit at: Any mutual fund office, CAMS service centre, KFintech office, or authorized Point of Service
5. In-Person Verification (IPV): An authorized person will verify your identity in person
6. Processing: Takes 5-10 business days

How to Check Your KYC Status

You can check if your KYC is already done by visiting:

• cvlkra.com — Enter your PAN to check KYC status
• camskra.com — KYC inquiry section
• kfintech.com — Investor KYC status check

If your status shows “KYC Compliant” or “KYC Registered,” you are ready to invest.

KYC for NRIs

NRIs can invest in mutual funds in India but have additional KYC requirements:

• Valid Indian passport or PIO/OCI card
• Overseas address proof
• NRE/NRO bank account in India
• FEMA declarations

Some fund houses accept NRI KYC online, while others require physical submission.

Common KYC Issues and Solutions

• PAN-Aadhaar not linked: SEBI requires PAN-Aadhaar linking. Link them on the income tax e-filing portal before proceeding.
• Mobile not linked to Aadhaar: Visit your nearest Aadhaar centre to update your mobile number.
• Name mismatch: Ensure your name on PAN, Aadhaar, and bank account matches exactly. Minor discrepancies can cause rejection.
• KYC shows “On Hold”: This usually means additional documents are needed. Contact the KRA or your investment platform for guidance.

KYC for Minors

Minors can also invest in mutual funds with a guardian. The guardian must be KYC-compliant, and the minor’s birth certificate or school ID is required as proof of identity.

Complete Your KYC on Bachatt in Minutes

Bachatt offers the simplest KYC experience for Indian investors. Our guided, step-by-step process takes under 10 minutes, and we handle all the backend verification so you can start investing immediately. No paperwork, no branch visits — just your PAN, Aadhaar, and a few taps.

Download the Bachatt app and complete your KYC today. Your mutual fund journey is just minutes away.