PAN & KYC updation mandatory for processing of mutual fund transactions

It is mandatory to update Permanent Account Number (PAN) and complete Know Your Customer (KYC) requirements for all unit holders, and the guardian in case of folio of a minor investor.

Non-updation of PAN and KYC will lead to restriction of financial transactions (including redemptions, switches and all types of systematic plans) and non-financial requests will not be processed if the unit holders have not updated PAN and completed KYC requirements.

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It's time to change your banking mandate

Disclaimer – This document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.