Know Your Customer (KYC) is a requirement by the government to ensure that only people whose identity is established invest in mutual funds. This is to prevent money laundering by anti social elements.<\/p>\n\n\n\n
The KYC check is done by the mutual fund or the Registrar Agency or an advisor before any investment is taken in. In case the KYC turns out to be \u2018not available\u2019 then the investor has to get a KYC done.<\/p>\n\n\n\n
In the Jama app<\/a> which is one way to get started with investing quickly, the investor is prompted to get an instant eKYC done. They do this by verifying an OTP sent to their mobile number (assuming it is linked to Aadhar). This allows an investor to quickly start investing.<\/p>\n\n\n\n An eKYC allows an investor to invest upto Rs 50,000 in any fund house per year. To relax this limit, one can get a full KYC done which takes about ten days.<\/p>\n\n\n\n\n Maxiom Wealth \u2014 Free Tool<\/p>\n Two funds with similar star ratings can deliver very different outcomes. Use our fund comparison tool to check if you’re in the right scheme for your risk profile and investment horizon.<\/p>\n Compare Funds \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":" Know Your Customer (KYC) is a requirement by the government to ensure that only people whose identity is established invest in mutual funds. This is to prevent money laundering by anti social elements. The KYC check is done by the mutual fund or the Registrar Agency or an advisor before any investment is taken in.… Read More »What is the process for KYC verification to begin investing in mutual funds?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[204,38],"tags":[],"class_list":["post-1214","post","type-post","status-publish","format-standard","hentry","category-kyc","category-mutual-funds"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1214"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1214\/revisions"}],"predecessor-version":[{"id":3617,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1214\/revisions\/3617"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Is Your Mutual Fund Working Hard Enough?<\/h3>\n