Kyc done but company demanding pan updation

Amrit (Self Employed) (84 Points)

19 May 2018  

Sir,

I have two foilio in a mutual fund company. One is KYC compliant. For other I submitted KYC but the company is demanding that first I update my PAN then they will accept KYC.In my view if KYC is submitted there is no need to submit PAN  separately,

Please advise what to do