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Thursday February 23rd 2017
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Investing in mutual funds to become cumbersome

From today, any investment in mutual funds require mandatory KYC compliance. Earlier, this was mandatory only for investments of Rs.50,000 or above. KYC (Know-Your-Client) identifies each PAN with a person. One has to fill in a form and submit copies of identity proofs at specified locations. This is a one-time procedure. More details can be found at the official site of Association of Mutual Frunds in India AMFI, here.

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