For investor's convenience, a majority of mutual funds in India have appointed CDSL Ventures Ltd (CVL) as their agents to complete PAN verification and KYC formalities on their behalf. Investors need to submit their details only once for completion of formalities across all these mutual funds.
Please note that PAN is mandatory for completing KYC formalities with CVL. You are requested to carry your original PAN card or an attested copy (in original) of your PAN card to the Point-of-service for verification.
Investors will need to submit the following at the designated ‘Point of Service (POS)’ Centres of CVL for one-time completion of PAN and KYC formalities.
Investors will be issued a KYC acknowledgement letter across the counter by the POS official after verifying the KYC documents.CVL will take 10 days to process the KYC application form. Therefore, the KYC acknowledgement letter will be valid only after 10 days from the date of acknowledgement.
Please do not use the KYC acknowledgement letter before 10 days from the date of acknowledgement.
This acknowledgement can be submitted to majority of mutual funds along with the fresh investment application form / additional purchase request or along with a covering letter containing your folio numbers for updation of PAN / KYC compliance.
Those of you have Completed KYC process with CVL and have been issued a KYC (erstwhile MIN) acknowledgement letter may kindly submit a copy of the KYC (erstwhile “MIN”) acknowledgement letter along with the fresh investment application form / additional purchase request or alongwith a covering letter containing the folio numbers for updation of PAN / KYC compliance.
If, for any reason, the status of KYC registration at CVL is “Incomplete”, please resubmit the required documents to your nearest Point-of-Service (POS) and obtain a fresh KYC acknowledgement letter. |