KYC, or know your customer, is the one-time identity and address check every investor completes before buying mutual funds in India.
Before your first mutual fund purchase, you prove who you are and where you live. This is KYC, required under India's anti-money-laundering rules. It needs:
Once done, the record is stored with a KRA and works across fund houses, so you do not repeat it for each one.
Your KYC status decides where you can invest:
If your name, address or contact details change, you can update them through a fund house, its registrar or a KRA. Mutual fund KYC and KYC status go through each step.
KYC is done once with a KYC registration agency and is accepted by every fund house. The online Aadhaar route, the in-person route and what CKYC adds.
Every KYC record carries one of four statuses. What each one lets you do, how to check yours and how to clear an On Hold status.
Each fund page has its returns, risk, costs, managers and everything it holds.