It is mandatory for all investors (including guardians, joint holders, NRIs and power of attorney holders) to submit a photo copy of the PAN card issued to them by the Income Tax Department at the time of purchase. Such photocopy shall have been either verified with the original at the ISCs or verified/attested by AMFI registered distributors, bank managers or judicial authorities. Applications not accompanied by duly verified copy(ies) of the PAN card(s) are liable to be rejected.

Exceptions:

• Investors residing in the state of Sikkim are exempt from the mandatory requirement of PAN, subject to the AMC verifying the veracity of the claim of the investors that they are residents of Sikkim, by collecting sufficient documentary evidence.
• With effect from August 01, 2009, investments through Micro SIPs, i.e. SIPs where aggregate of installments per year per investor does not exceed Rs 50,000, will be exempt from the requirement of PAN. This exemption will be applicable only to investments by individuals (including NRIs but not PIOs), Minors and Sole proprietary firms. HUFs and other categories will not be eligible for Micro SIPs. Investors may note that Micro SIPs are offered under all schemes of the Mutual Fund where SIP facility is available subject to submission of any one of standard specified photo identification documents in lieu of PAN.

Investors may contact any of the investor service Centres (ISCs) of the AMC or Registrar to know the list of acceptable identification documents which may be provided as proof of identification in lieu of PAN.

Know Your Client (KYC) Requirement

Investors may note that in terms of the Prevention of Money laundering Act, 2002 (‘PMLA’), the Rules issued thereunder and the guidelines/circulars issued by SEBI regarding Anti-Money laundering, all intermediaries, including mutual funds, have to formulate and implement a client identification programme as well as verify and maintain records of the identity and address(es) of investors. All investors shall complete a one-time process of KYC, which is mandatory for first time and subsequent purchases of value Rs. 50,000 or more. Further, investors may submit duly filled in KYC application forms together with their photograph, PAN card copy, proof of address/constitution documents and other requisite documents, to a centralized agency appointed by the mutual fund industry, presently CDSL Ventures Ltd. Such form and documents may be submitted at any ‘Point of service’ designated by CDSL Ventures Ltd. The KYC process is required to be done only once to enable transacting across a majority of mutual funds.

Investors/Unit Holders may contact their distributors, if any, or the ISCs for any additional information/clarification. Any queries/clarifications in this regard may also be addressed to DSP BlackRock Investment Managers Ltd., Investment Managers for DSP BlackRock Mutual Fund, Tulsiani Chambers, West Wing, 11th Floor, Nariman Point, Mumbai 400 021. Phone Number: (91 22) 6657 8000. One Step Process For PAN & KYC Compliance. If you have any queries e-mail us at service@dspblackrock.com.