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Key Aspects to note for investment in Mutual Fund(s) – An Investor Education and Awareness program

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Investors needs to be KYC compliant for investing into Mutual Funds.

KYC

KYC or Know Your Customer is a customer identification process and is a must for investing in Mutual Fund(s). The Securities and Exchange Board of India (SEBI) has laid down guidelines under the Prevention of Money Laundering Act 2002, which makes it binding for financial institutions and financial intermediaries like mutual funds to acquaint themselves with their customers. This one-time process needs to be done by submitting the duly filled KYC application along with the Identity and Address Proof at any of the Mutual Fund office(s).

Hence, investors who want to make an investment in a mutual fund scheme either through a lumpsum or a Systematic Investment Plan (SIP) should complete the KYC process. KYC is mandatory irrespective of the investment amount. A one-time verification is all that is needed for transactions across all mutual funds.

Note: KYC process helps prevent money laundering and other suspicious transactions.

Proof of Identity (Any one of the below documents. PAN is Mandatory if the investment amount is > 50K)

Passport / PAN Card / Voter ID / NREGA Job Card.

Proof of Address: (Any one of the below Document)

Passport / PAN Card / Voter ID / NREGA Job Card./ Aadhar Card

Click here to view the KYC informative section on the Nippon India Mutual Fund website (NIMF).

Update your Profile details

Another important aspect with regard to your investment across AMC’s / Mutual Fund(s) is your profile details. It is very important to keep your profile details updated with us for seamless transacting / investing and being updated about your transactions over your registered Email id or Mobile number and Address. We are glad to inform you that you can very easily update your address, phone number, bank details etc by filling up the respective form and submit the form to your nearest Designated Investor Service Centre (DISC) along with the respective supporting documents.

Quick links (click on the respective form / tab as required to view, download and use)

Change / update of Address

Change of Bank details

Change / update of Mobile number / Email id

For further details , request you to click here and view the Non-Commercial Transaction checklist page on Nippon India Mutual Fund website.

Few Regulatory / cautionary measures

  1. Please always invest with registered Mutual Fund entities / AMC’s, which are explicitly verified on the SEBI website under “Intermediaries / Market Infrastructure Institutions”.

Further, we would also like to update you that for redressal of your complaints / for any assistance please get in touch with your Financial Advisor / nearest Branch or Investor Service Centre or contact us on 1860 266 0111 (Monday to Saturday from 8 am to 9 pm , call charges apply) or write to us at [email protected]. You can also visit the SEBI SCORES portal for redressal of your complaints.

Click here to know more about SEBI SCORES.

This is an Investor Education / Awareness Initiative by Nippon India Mutual Fund (NIMF) and we aim to keep you updated at all times. Do write back to us with your valuable feedback / suggestions.

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Disclaimer:
Helpful information for investors: All Mutual Fund investors have to go through a one-time KYC (know your Customer) process. Investors should deal only with registered mutual funds, to be verified on SEBI website under 'Intermediaries/ Market Infrastructure Institutions'. For redressal of your complaints, you may please visit www.scores.gov.in . For more info on KYC, change in various details & redressal of complaints, visit mf.nipponindiaim.com/investoreducation/what-to-know-when-investing This is an investor education and awareness initiative by Nippon India Mutual Fund.

The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The sponsor, the Investment Manager, the Trustee or any of their directors, employees, associates or representatives (“entities & their associates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Entities & their associates including persons involved in the preparation or issuance of this material shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material. Recipient alone shall be fully responsible for any decision taken on the basis of this document. Language Disclaimer:
While utmost care has been taken in translating the article into respective regional language(s), in case of any confusion or difference of opinion, article available in English language should be deemed as final. The article provided herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional advice for the readers. The document has been prepared on the basis of publicly available data/ information, internally developed data and other sources believed to be reliable. The sponsor, the Investment Manager, the Trustee or any of their directors, employees, associates or representatives (“entities & their associates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Entities & their associates including persons involved in the preparation or issuance of this material shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of loss of profits arising from the information contained in this material. Recipient alone shall be fully responsible for any decision taken on the basis of this article. "ABOVE ILLUSTRATIONS ARE ONLY FOR UNDERSTANDING, IT IS NOT DIRECTLY OR INDIRECTLY RELATED TO THE PERFORMANCE OF ANY SCHEME OF NIMF. THE VIEWS EXPRESSED HEREIN CONSTITUTE ONLY THE OPINIONS AND DO NOT CONSTITUTE ANY GUIDELINES OR RECOMMENDATION ON ANY COURSE OF ACTION TO BE FOLLOWED BY THE READER. THIS INFORMATION IS MEANT FOR GENERAL READING PURPOSES ONLY AND IS NOT MEANT TO SERVE AS A PROFESSIONAL GUIDE FOR THE READERS."

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
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