You may have been redirected to this page since you are not a KYC registered investor. We advise you to complete your E-KYC registration on our online investment platform in order to invest in Mutual Funds. In case your EKYC registration failed, we request you to send us a physical application form. Please follow the below step for physical KYC application.
Step 1: Download the KYC application form by clicking here.
Step 2: Download Investment Application from by clicking here.
Step 3: Fill in the forms and courier them to the address mentioned at the bottom.
Step 4: Send us the following additional documents along with the application form:
1. A self attested PAN card copy.
2. A self attested address proof.
3. A cancelled cheque with your name on it, if your name is not there on the cancelled cheque then a bank statement is required.
4. An Investment cheque for the amount you wish to invest, in favour of Scheme name (for eg. If you wish to invest in ICICI value discovery fund, you can write in favour of ‘ICICI value discovery fund’
5. A recent passport size photograph.
Please note, effective from 15th Nov’17, we are not accepting any KYC form without Investment application form
Jaidev Dilip Hiranandani
Karvy Stock Broking Ltd
Distribution Department Karvy Millenium,
Nanakramguda Financial District,
Hyderabad - 500032.
If you require any further assistance, Please call us on 040-3321 7140/48 or mail to Karvy.firstname.lastname@example.org
FAQs on KYC
What is KYC ?
It is mandatory for the following transactions:
- New / Additional Purchases
- Switch Transactions
- New SIP Registrations
- New STP Registrations
- New DTP Registrations (including DTP related products)
- Micro SIP
What are the proofs required for an NRI?
If you are an NRI, following are the proofs required:
- Self Attested PAN Card Copy
- Self Attested Aadhaar Card Copy (optional)
- Self Attested copy of Passport
- Self Attested Proof of Address (Latest Bank Statement / Pass Book / Voter Id /Driving Licence not more than 3 months old
- Self - Attested Overseas Address Proof and attested by Authorized Attesting officials.
Does it have to be done every time I need to invest?
No, it is a onetime process and any number of investments can be done once you are KYC registered.
How many days does it take for the C-KYC to get updated after I courier the application form and documents?
It takes 7-8 working days for us to for process the application once we receive all the required documents.
How do I know if my C-KYC registration is completed?
Once the process is completed, you will receive a C-KYC id to your registered email id. You can use this number to register and invest through our portal i.e. online.karvyvalue.com.
What is the difference between KYC, eKYC and CKYC?
KYC – is the known and regular process in the Mutual Fund industry whereby the identity of an investor is verified based on written details submitted by him / her on a form, supplemented by an In Person Verification (IPV) process. Once the verification is done successfully, the relevant investor data is entered into the KRA Registration Agency (KRA) system and subsequently uploaded to their database.
eKYC – is KYC done with the help of a investor’s Aadhaar number. While completing the eKYC, the authentication of the investor’s identity can be done:
(a) Via One Time Password (Limits investments to Rs 50,000 per year per mutual funds and mandates investments via the online electronic mode)
(b) Via Biometrics (No limits on the investment amount here unless those specifically imposed by the scheme / Fund House)
This data is uploaded into the records of the KRA.
CKYC – is an initiative of the Government of India where the aim is to have a structure in place which allows investors to do their KYC only once. CKYC compliance will allow an investor to transact / deal with all entities governed / regulated by Government of India / Regulator (RBI, SEBI, IRDA and PFRDA) without the need to complete multiple KYC formalities which is an inconvenience / hindrance as of now. It will allow for larger market participation by investors, easing their journey on the financial highway. The CKYC processing is handled by CERSAI.
Why are there so many ways of doing KYC? What is the intent / purpose behind this?
Money laundering has become a big problem worldwide threatening the stability of various regions by actively supporting and strengthening terrorist networks and criminal organizations. The links between money laundering, organized crime, drug trafficking and terrorism pose a risk to all financial institutions. This means that we need to know and understand our investors in a much better manner that ever before.
With this in mind, the Government / Regulatory Bodies are introducing new and novel ways, enabling people to complete their KYC formalities in a quick and convenient manner. The targeted aim is to ensure that an investor does his / her KYC formalities only once, post which the focus for the investor can subsequently shift towards the actual dealing with the financial institutions.