NEWS / VIEWS 
      
MUTUAL FUNDS NEWS
MF investors get KYC relief as Sebi withdraws PAN-Aadhaar link norm
Thu, May 16, 2024     Source : Economic Times
Investors who have been struggling to make fresh investments in mutual fund schemes due to non-compliance with the stricter Know Your Client (KYC) requirements have got some respite.
MUTUAL FUNDS NEWS
Sebi relaxes draconian KYC norms to simplify risk management framework.
Wed, May 15, 2024     Source : Mint
Markets regulator Securities and Exchange Board of India (Sebi) on Tuesday said that it has decided to relax Know Your Customer (KYC) norms to simplify the risk management framework.
MUTUAL FUNDS NEWS
What is the latest KYC challenge with mutual funds and how to resolve it?
Tue, May 14, 2024     Source : Mint
In the last few years, mutual funds have become the preferred mode of investment for retail investors.
MUTUAL FUNDS NEWS
New KYC norms for investors take effect from 2024-25
Sat, May 11, 2024     Source : Mint
Mutual fund (MF) investors who invested before the advent of the now ubiquitous Aadhaar by submitting bank account statements or utility bills as proof of address but have failed to update the 12-digit dig...
MUTUAL FUNDS NEWS
1.3 crore mutual fund accounts on hold due to incomplete KYC
Thu, May 02, 2024     Source : Economic Times
Around 1.3 crore mutual accounts are ‘on hold’ due to incomplete KYC, according to KYC registration entities (KRAs).
MUTUAL FUNDS NEWS
Choose Aadhaar-based KYC: Once done, you may invest across fund houses
Tue, Apr 30, 2024     Source : Business Standard
Keep Aadhaar, registered mobile number and scanned documents handy before starting online procedure
MUTUAL FUNDS NEWS
AMFI knocks on SEBI doors to resolve KYC impasse
Fri, Apr 26, 2024     Source : Business Line
AMFI and SEBI are in discussions to resolve KYC validation issues impacting mutual fund investors, affecting transactions and flows
MUTUAL FUNDS NEWS
Mutual fund investment frozen for KYC? Know who can do re-KYC online and who has to do it offline
Sat, Apr 20, 2024     Source : Economic Times
Mutual fund investment accounts of many were flagged for re-KYC and they had to complete the exercise by April 1, 2024, failing which their folio would have been frozen.
NEWS
RBI mandates offline payment aggregators to verify KYC for merchants
Thu, Apr 18, 2024     Source : Business Standard
Payment aggregators will need to conduct Contact Point Verification and verify the bank account where funds of small merchants are settled
NEWS
Finmin pitches for enhanced KYC, due diligence for merchants, business correspondents
Mon, Apr 15, 2024     Source : Economic Times
In a bid to check incidence of financial frauds, the finance ministry has made a case for an enhanced KYC procedure and extensive due diligence by banks and financial institutions for onboarding merchants ...
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