"PROCESS FLOW FOR MUTUAL FUND KYC"
(Implementation of Know Your Client (KYC) under Prevention of Money Laundering Act (PMLA) through CDSL Ventures Limited (CVL) effective from February 01, 2008)


Dear All,

We would like to inform you that as part of the Prevention of Money Laundering Act all Mutual Funds are required to comply to the "Know Your Customer" guidelines wherein they are required to perform customer due diligence for all their investors. Applicant must be KYC compliant while investing with any SEBI registered Mutual Fund.

Sharekhan has tied up with CDSL's CVL for being a point of service (POS) for processing MF KYC application. Investors investing in Mutual Funds (MF) Online will have to comply with the MF KYC procedure as per latest regulatory guidelines. This is a one-time process.

Accordingly, investors will have to provide the following documents:
MF KYC Common Application Form - Individual / Non-Individual
Proof of Identity - Must be Self-attested when presented with original at CDSL Ventures POS / Sharekhan Branches.
Photograph
Proof of address - Must be Self-attested when presented with original at CDSL Ventures POS / Sharekhan Branches.
PAN Card and also furnish information of their financial status and other demographic details.

How to get the KYC Done:
The duly completed MF KYC application forms together with the photocopies of the above documents (must be Self-attested) have to be presented alongwith the originals for verification to the nearest Sharekhan Branch.
The Sharekhan Branch will verify the documents and will send to H. O. for processing. At the H.O. documents will be processed and uploaded on the CDSL system and the same will be dispatched to CDSL .An Acknowledgement Letter can be collected from the Branch after 15 days of submission.
There will however be a second level of verification at CVL and if there is any rejection due to any deficiency in documentation, then only the investor will be advised. Otherwise, the acknowledgement given will be considered as valid.
Please note that PAN will be the only unique identity number for investors and no new number will be issued. The investors have to provide the self-attested documents only once to obtain the acknowledgement, a copy of which can then be attached with the applications for investing in Mutual Funds without providing the same documents again.
Investors, who have completed the KYC procedure by providing PAN and other documents earlier to CVL POS, need not repeat the process. The copy of KYC acknowledgment letter need to be forwarded to Sharekhan HO address or Fax no: 022-24982626 & further the customer would be enabled to make MF purchases on Sharekhan Online MF.


At present this facility will be provided free of cost to the investors. Hence, Please ensure to obtain/apply the KYC application for all applications irrespective of the amount of investment even though it is mandatory only for applications of Rs.50,000/- and above.

Team Sharekhan

Sharekhan Ltd.: BSE Cash-INB011073351; F&O-INF011073351; NSE – INB/INF231073330; MAPIN – 100008375;DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP00000066; Mutual Fund: ARN 20669. Sharekhan Commodities Pvt. Ltd.: MCX-10080; NCDEX-00132; MAPIN – 100013912, For any complaints email at igc@sharekhan.com Regd/Admin Add:- A-206, Phoenix House, Phoenix Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400013.Please carefully read the risk disclosure document as prescribed by SEBI & FMC and Do’s & Don’ts by NCDEX