Mutual Funds Are Common For Every Investor And NRI Investor. Buying A Mutual Fund Is Very Easy And Normal For Every One – You Could Even Do It Within A Few Actions. Though, Like Any Other Economic Transaction, It Does Not Include A Lack Of Documentation. As Long As The Right Documents Are Significant Because That Helps Stop Fraudulent Deals, Prevents Tax Misdeeds And Builds People’s Belief In The Customer ‘S Mind. In This Article we Will Confer The Documents You Would Require If You Have Decided To Buy A Mutual Fund.
1 Application Form: You May Need To Fill In More Than 1 Application Form To Get A Mutual Fund Investment Process. One Would Be To Open A Mutual Fund Account, Another Form Would Be Compulsory If You Opt For A SIP Plan Within The Fund, And If You Are Going For An Automated Transfer From Your Bank Account, An ECS Form Will Also Need To Be Completed. Some Asset Management Companies May Inquire For Other Forms Such As A Risk Profile Procedure.
2 KYC Agreement: Your PAN Has To Be Confirmed Under The Know Your Customer Norms Of The Government Of India To Be Able To Capitalize In Mutual Funds. You Can Check Your KYC Agreement Or Register Yourself For KYC By The Website Of CDSL Ventures Limited. If You Are Already KYC-Compliant, You Need To Submit The KYC Byline Letter Or Copy Of The KYC- Agreement Page. If You Are Not KYC- Agreement, Keep The Following Documents Ready
- KYC Individual form
- Passport-sized photograph
Proof of identity: Any of The following Documents are Satisfactory as Proof of Identity:
1. PAN With Photograph
2. Aadhaar
3. Passport
Optional Document For Optional Category
- Voter’s ID Card
2. Driving License
Document With Applicant’s Photo, Delivered By Any Of The Following: Central/State Government, Colleges Affiliated To Universities, Professional Bodies Such As ICAI, ICWAI, ICSI, Bar Council And Its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions. To Their Members; And Credit Cards/Debit Cards Issued By Banks.
Proof Of Address: Any Of The Following Documents Can Be Referred To As Proof Of Identity
1. Registered Lease/Sale Contract Of Residence
2. Flat Care Bill
3. Insurance Copy
4. Utility Bills Such Like Landline Telephone Bill, Electricity Bill Or Gas Bill, Less Than 3 Months Old
5. Bank Account Statement Less Than 3 Months Old
6. Self-Declaration Form By High Court And Supreme Court Judges, Giving The New Address In Respect Of Their Own Account.
7. Proof Of Address Issued By Bank Managers Of Arranged Commercial Banks/Multinational Foreign Banks/Gazette Officer/Notary Public/Elected Representatives To The Governmental Assembly Or Parliament/A Document Issued By Any Government Or Statutory Authority
8. For Foreign Institutional Investors (FII)/Sub Account, Power Of Attorney Given By FII/Sub-Account To The Custodians, Duly Notarized And/or Apostilled Or Consultative
Mutual Fund Investment Are Subject To Market Risk Read All Scheme Related Document carefully.