does one need to have kyc to invest in mutaul fund

if one invests small amount like Rs 15000- 20000 does one still need to have kyc

 

If you choose to invest with a new mutual fund i.e. invest in a new mutual fund other than SBI Mutual Fund where you have not invested earlier (or opened a folio earlier), you will be required to submit 'missing/not available' KYC information and complete the IPV requirements.

 

KYC is mandatory for Mutual Funds to obtain financial status details from its investors.