does one need to have kyc to invest in mutaul fund

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by jay50, Feb 8, 2017.

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  1. Kritesh Abhishek

    Kritesh Abhishek Member

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    Yes, you will need to complete the KYC process before investing in the mutual fund. KYC norms are mandated by the Prevention of Money Laundering Act (PMLA), to track the legality of funds used for investments.

    Read more here: Livemint
     
    Kritesh Abhishek, Jan 22, 2018
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