Skip to main content

eKYC for Mutual Fund

 

Have you ever invested in mutual fund? If you are a first time investor or a current investor in Mutual Funds, you must complete the Know Your Customer (KYC) formalities. Do you know what KYC is? Let's know more about it here.

KYC is a onetime implement made compulsory to invest in Mutual Funds. The submission of KYC comprises of KYC form, ID proof, PAN Card Copy, Address Proof, and In-Person Verification (IPV). Why KYC is necessary? It is considered as one of the greatest obstacles in attracting new investors into Mutual Fund Investments. Moreover, to conquer this, Quantum Mutual Fund has launched eKYC facility which will allow first time investors to fill up a simple form online and finish their KYC formalities easily. In addition, there is no need to submit any documents proofs. IPV is also not required.

What is Mutual Fund eKYC?

Electronic KYC is a KYC Compliance process that permits investor to complete his KYC formalities fully online without any paperwork. E-KYC is a simplified KYC for Mutual Fund investments based on PAN and Bank account information. eIPV is compulsory.

eKYC process at Quantum Mutual Fund:

Here is the procedure for Mutual Fund e-KYC.

  1. Go to the website http://ekyc.quantumamc.com/.ekyc1
  2. Fill up the form with your name, mobile number and Email ID.
  3. In the next page, fill up your Personal Bank Account details.ekyc2
  4. Now, upload your supporting documents. Document upload in case of Resident individual is optional and for NRI's this step is compulsory.ekyc3

Before you enter details and upload document as mentioned above, you must agree and accept the statement to submit the details online. After you submit the KYC form online, your next step is e-IPV. It is a face to face online meeting with the investor through Skype or Webex. You must show your original PAN Card and bank statement at the time of online meeting. In addition, you will be asked to sign on blank paper in non-black ink color, and it should match with your PAN card signature.

The Reliance Mutual Fund house has also begun accepting eKYC online applications. Here is the process of eKYC at Reliance Mutual Fund.

eKYC process at Reliance Mutual Fund:

 
  1. Go to Reliance Mutual Fund website for eKYC https://investeasy.reliancemutual.com/Online/.ekyc4
  2. Now enter your KYC non-complaint PAN.
  3. On the next page, you can find eKYC process details.ekyc5
  4. Press on "Get Started" and now on the next page, enter your personal and bank account details.ekyc6
  5. Now, download Pre-filled KYC form. Sign it and upload it with the self-attested copies of PAN card and Address Proof.
  6. Arrange a Video Call with the customer care and complete your IPV verification.
  7. You can now begin to purchase Mutual Fund Units.
  8. You also need to send the physical copy of your pre-filled and signed KYC application form to Reliance AMC.Once your EIPV process is completed, your KYC details will be shared with KRA. When it is registered and validated you will get a conformation mail or letter. You can also visit the website of any KRA and confirm your KYC status onlineFor any queries related to eKYC for Electronic KYC for Mutual Fund then please leave comment below!

Best Tax Saver Mutual Funds 2016 or ELSS Mutual Funds for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

Popular posts from this blog

Birla SunLife Manufacturing Equity Fund

The Make in India program was launched by Prime Minister Naredra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub. The primary motive of the campaign is to encourage multinational as well domestic companies to manufacture their products in India. This would create more job opportunities, bring high-quality standards and attract capital along with technological investment to bring more foreign direct investment (FDI) in the country.   Why India as the next manufacturing destination?   The rising demand in India along with the multinational's desire to diversify their production to include low-cost plants in countries other than China, can help India's manufacturing sector to grow and create millions of jobs. In the words of our Honourable Prime Minister- Mr. Narendra Modi, India offers the 3 'Ds' for business to thrive— democracy,...
Read more

Kisan Vikas Patra - KVP

  Kisan Vikas Patra (KVP) First launched in 1988, the Kisan Vikas Patra (KVP) is one of the premier and popular saving scheme offering from the Indian Postal Department. This product has had a very chequered history- initially successful, deemed a product that could be misused and thus terminated in 2011, followed by a triumphant return to prominence and popular consumption in 2014. The salient features of KVP are as follows- The grand USP- Money invested by the applicant doubles in 100 months (8 years, 4 months). KVPs are available in the following denominations- Rs.1000, Rs.5000, Rs.10,000 and Rs.50,000. The minimum purchase value for the KVP is Rs.1000. There is no maximum limit. KVPs are available at all departmental post offices across India. These certificates can be prematurely encashed after 2 ½ years from the point of issue. KVPs can be transferred from one individual to another and from one post office to another. ----------------------------------------------------- Inve...
Read more

Mutual Fund Review: Reliance Regular Savings Equity

    Despite high churn, Reliance Regular Savings Equity has managed to fetch good returns   In its short history, this one has made its mark. Though its annual and trailing returns are amazing, the fund started off on a lousy note (last two quarters of 2005). It managed to impress in 2006 and was turning out to be pretty average in 2007, till Omprakash Kuckian took over in November 2007 and wasted no time in changing the complexion of the portfolio. Exposure to Construction shot up to 28 per cent with almost 21 per cent cornered by Pratibha Industries and Madhucon Projects . Exposure to Engineering was yanked up (18.50%) while Financial Services lost its prime slot (dropped to 6.69%) and Auto was dumped. That quarter (December 2007), he delivered 54.66 per cent (category average: 25.70%).   When the market collapsed in 2008, thankfully the fund did not plummet abysmally. But even its high cash allocations could not cushion the fall which hovered around the category average. ...
Read more

Mutual Fund Review: HDFC Index Sensex Plus

  In terms of size, HDFC Index Sensex Plus may be one of the smallest offerings from the HDFC stable. But that has not dampened its show, which has beaten the Sensex by a mile in overall returns   HDFC Index Sensex Plus is a passively managed diversified equity scheme with Sensex as its benchmark index. The fund also invests a small proportion of its equity portfolio in non-Sensex scrips. The scheme cannot boast of an impressive size and is one of the smallest in the HDFC basket with assets under management (AUM) of less than 60 crore. PERFORMANCE: Being passively managed and portfolio aligned to that of the benchmark, the performance of the index fund is expected to follow that of the benchmark and in this respect, it has not disappointed investors. Since its launch in July 2002, the fund has outperformed Sensex in overall returns by good margins.    While every 1,000 invested in HDFC Index Sensex Plus in July 2002 is worth 6,130 now, a similar amount invested in Sensex then wo...
Read more

How to generate a UAN Online

Best SIP Funds Online   In order to make Employees' Provident Fund (EPF) accounts portable, the Employees' Provident Fund Organisation (EPFO) had launched the facility of Universal Account Number (UAN ) in 2014. Having a UAN is now mandatory if you have an EPF account and are contributing to it. So far, you got this number from your employer and every time you changed jobs, you had to furnish this number to the new employer.  However, in order to make it easier for you to get a UAN , and without your employer's intervention, the EPFO now allows you to go online and generate a UAN on your own. This facility can be used by freshers, or new employees, who are joining the workforce as well as by employees who have older EPF accounts but do not have a UAN as yet. As a new employee, you can simply generate a UAN and provide the number to your employer at the time of joining, when you need to fill up forms for your EPF contribution. As per a circula...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now