CA Chirag Haraniya (Chartered Accountant) (902 Points)
28 December 2010KYC have become compulsory from 01.01.2011 for all Investors to Invest in MF....
Please find attached form to be submited with 1. Address Proof & 2. Photo Identity ...
Every time u make u invest u will have to give Acknowledgement copy of the said KYC to your MF Company/broker......
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114215 Points)
Replied 28 December 2010
Thanks for The Information.....
KYC Means Know Your Customer - KYC enables banks to know/ understand their customers and their
financial dealings to be able to serve them better
Who is a customer of the Bank?
For the purpose of KYC Policy, a „Customer‟ is defined as:
A person or entity that maintains an account and/or has a business relationship
with the Bank;
One on whose behalf the account is maintained (i.e. the beneficial owner);2
Beneficiaries of transactions conducted by professional intermediaries, such as
Stock Brokers, Chartered Accountants, Solicitors, etc. as permitted under the law,
and
Any person or entity connected with a financial transaction, which can pose
significant reputation or other risks to the Bank, say, a wire transfer or issue of a
high value demand draft as a single transaction.
CA Nikhilesh Singla
(CA)
(83 Points)
Replied 29 December 2010
Really thanx Pavan for giving me such useful information...
CA Chirag Haraniya
(Chartered Accountant)
(902 Points)
Replied 29 December 2010
motilaloswal
(Financial Advisor)
(71 Points)
Replied 29 December 2010
UNITED PHOSPHORUS: Maintain Buy with target price of Rs225 (~12.5x FY12 EPS) says Motilal oswal
motilaloswal
(Financial Advisor)
(71 Points)
Replied 05 January 2011
Motilal Oswal believes that a clear policy on spectrum allocation / pricing and potential easing of M&A regulations could be key positives.
motilaloswal
(Financial Advisor)
(71 Points)
Replied 06 January 2011
According to motilal oswal India Strategy report, the stock markets responded well, delivering 18% CAGR returns, among the best performing global markets.
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 12 May 2014
KYC is nothing but the short name (acronym) for “know your client”. This is actually a procedure laid down by SEBI for its financial institutions, intermediaries and depositories. It is essential for an investor to be a KYC compliant (A person who has fulfilled the eligibility criteria laid down by KYC procedure.) Failing to do it, investor will be restricted from investing in financial market whether it is equity market or mutual funds
https://holisticinvestment.in/blog/mutual-fund-kyc-for-nris/
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
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