Mutual Fund KYC: Documents Required and Step-by-Step Process

Before you can invest in any mutual fund in India, you need to complete KYC (Know Your Customer). It is a one-time process that verifies your identity and address. The good news: once your KYC is validated, you can invest with any mutual fund house without repeating the process. Here is everything you need to know.

Why is KYC mandatory?

KYC is required under the Prevention of Money Laundering Act (PMLA) and SEBI regulations for every investor in the securities market. Your KYC record is stored centrally with a KYC Registration Agency (KRA), so all mutual funds and intermediaries can access the same verified record.

Documents required for mutual fund KYC

PAN card — mandatory for all investors.
Proof of address — Aadhaar, passport, voter ID or driving licence.
Recent photograph and signature.
Mobile number and email ID — these must be your own and are verified during KYC.
Bank account details — a cancelled cheque or bank statement, needed when you open your investment account.

How to complete KYC: online and offline

Online eKYC

Enter your PAN and basic details.
Verify your Aadhaar with an OTP sent to your Aadhaar-linked mobile number.
Upload your photo and signature, and complete in-person verification (IPV) through a short video or selfie, if required.
Submit and sign digitally. Your KYC is usually processed within a few working days.

Offline KYC

You can also fill a physical KYC form and submit it with self-attested copies of your documents at the office of a mutual fund distributor, AMC or registrar. Our team at the Kanpur office can help you with this.

What does your KYC status mean?

Status	What it means
Validated	Your KYC is complete and verified. You can invest with any mutual fund.
Registered	Your KYC record exists. You can generally continue investing, but you may be asked to re-verify details in some cases.
On Hold / Rejected	Some detail (often mobile, email or address proof) needs to be updated. You will need to complete or modify your KYC before investing.

You can check your KYC status on the website of any KRA by entering your PAN, or simply ask our team to check it for you.

Other details you will be asked for

Nomination: SEBI requires you to either add a nominee or formally opt out. Adding a nominee makes it easier for your family to claim the investments.
FATCA / CRS declaration: a short declaration about your tax residency and source of income.
Bank mandate: to set up SIP auto-debits through NACH or UPI AutoPay.

Investing for minors and NRIs

Investments in a minor’s name are made with a parent or legal guardian, and KYC of the guardian is required along with the minor’s proof of age. NRIs can also invest in Indian mutual funds, subject to additional documents and AMC-specific rules. Contact us for the exact requirements.

Start investing with Profinity in 3 steps

Download the Profinity app.
Complete your KYC with PAN and Aadhaar.
Start investing — set up a SIP or a one-time investment in the scheme of your choice.

Not sure where to begin? Read our beginner’s guide to SIP or see the FAQ page.

Need help with KYC? Our team in Kanpur can help you complete or update your KYC. Contact Profinity — Monday to Friday, 10 AM to 5 PM.

Disclaimer: Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns. This article is for general information and investor education only and does not constitute investment, tax or legal advice. Profinity Mutual Fund Distribution Pvt. Ltd. is an AMFI-registered mutual fund distributor (ARN-76921).