| Address: | Mumbai City, Maharashtra |
The KYC status which is a mandatory requirement for Mutual Fund investments above 50K INR is obtained through a centralized company called CDSL ventures limited. Though they say the process will take 15 days dont be fooled by it. It takes for ever for instance mine more than a month and not complete. I am FRUSTRATED to the core at the pathetic state of affairs in India. Consumers have absolutely no value in India. Dont postpone your MF investments thinking that you will get the KYC fast online. My documents are in very good order but their process is toooooo slooooow Was this information helpful? | 
CDSL — What is the use of KYC
I thought the whole idea of KYC was once the Investor PAN card becomes KYc complaint all associated Mutual Funds will update the KYC status & the registered address in KYC. But neither has happened. Though I have become KYC complaint(ADPPN0945B) All Mutual funds i hols has not update either my KYC status or Address. why can;t this be done automatically by all MF companies?