The April 1 deadline for mutual fund (MF) investors to redo their KYC (know your customer) compliance if they did not meet certain conditions has passed. But the confusion around it has not.
Failure to redo KYC, where needed, can debar an investor either from investing with a new fund house (that is, one in which they currently have no investments) or worse, from carrying out any transactions even with their existing MF investments.
Your mutual fund Know Your Customer (KYC) status may show as ‘validated’ or ‘registered’ or ‘on hold’. Read on to find out what that means and what action you need to take.For investors who are still wondering whether they need to redo their KYC or not, the answer lies is what their KYC status is.
