For investor's convenience, majority of mutual funds in India have appointed CDSL Ventures Ltd (CVL) as their agents to complete PAN verification and KYC formalities on their behalf.
Investors need to submit their details to CVL only once for completion of KYC formalities across all these mutual funds.
To complete KYC, investors need to approach designated ‘Point of Service’ Centres of CVL with certain documents.
Investors will need to submit the following for one-time completion of PAN and KYC formalities.
- Completed KYC application form
- Recent passport-size photograph to be affixed on the form (for individuals)
- PAN card copy duly attested
- Prescribed documents for proof of address / constitution.
Please note that the documents need to be in the form of either:
- A self attested copy along with originals (originals will be returned across the counter after verification), or
- A copy attested (in original) by a notary public/gazetted officer/manager of scheduled commercial bank (designation seal to be affixed).
Investors will be issued a KYC acknowledgement letter across the counter by the POS after verifying the KYC documents. CVL will take 10 days to process the KYC application form. Therefore, the KYC acknowledgement letter will be valid only after 10 days from the date of acknowledgement. Please do not use the KYC acknowledgement letter before 10 days from the date of acknowledgement.
This acknowledgement can be submitted to majority of the mutual funds along with the fresh investment application form / additional purchase request or along with a covering letter containing the folio numbers for updation of PAN/KYC compliance.
To know more, you can visit www.cvlindia.com and get information on:
Disclaimer: DSP BlackRock Mutual Fund does not warrant the completeness and absolute accuracy or completeness of the information as updated in the website of CDSL Ventures Limited.