All Rounder is the most convenient investment product in the market. You can transact through your own demat account which makes it more transparent for the user to track their investments.
KYC Changes from 01 April, 2024
There has been changes in KYC norms effective April 2024 and KYC status of the customers are broadly classified in 03 categories as below and its impact on the transactions (Buy/Sell)
Check your KYC status on www.cvlkra.com
KYC STATUS
Investments in Existing Mutual Fund
Investments in NEW Mutual Fund
KYC Validated
Invest seamlessly – no action required
Invest seamlessly – no action required
KYC Registered
Investments allowed without any action
Investor need to do a Re-KYC using Aadhaar as OVD (Officially Valid Document) to remediate the KYC status as Validated for investing in New Mutual Funds.
KYC on Hold
Transactions will not be allowed, Investor will have to do Re-KYC / Remediate the reason of KYC on hold
Investors will have to do a Re-KYC using Aadhaar as OVD (Officially Valid Document) to remediate the KYC status as Validated for investment New Mutual Fund.
WHAT DOES EACH KYC STATUS IMPLY?
Validate
- You can do any transactions in any mutual fund, anytime without any issues
KYC REGISTERED
- You can continue making transactions in all your existing Mutual Fund investments without any trouble.
- If you want to invest in a mutual fund where you don’t have any investment already, you will have to do your KYC once again.
- You can get your KYC status changed to ‘KYC Validated’ by doing the KYC Update/ KYC Modification process using PAN and Aadhaar by uploading the documents in the journey
- The process to do this is simple and takes few minutes to complete the same.
- Once your KYC status changes to Validated you can invest in any Mutual Fund of your choice without any requirement of Re-KYC.
KYC On-HOLD / Rejected
- The KYC status on the KRA websites, cvlkra.com, camskra.com, will show the reason for ‘KYC On-Hold’/Rejected status. It could be due to Mobile or Email not validated / PAN - Aadhaar not linked / Deficiency in the KYC documents, etc.
- You simply have to remediate the reason for KYC On-Hold/Rejected by submitting the required documents or validating Aadhaar with PAN, email and mobile etc. Once your KYC status changes to Validated you will be all set to start transacting, as per the KYC status.
