KYC (Know Your Customer) — Mutual Fund Term Explained

Mandatory identity and address verification before investing in mutual funds. One-time process — valid across all mutual funds once done.

KYC is a mandatory regulatory requirement where investors must verify their identity and address before investing. Process involves submitting PAN card and address proof.

Since 2012, KYC is centralized in India. Once completed with any SEBI-registered intermediary, it is valid across all mutual funds and stockbrokers.

Related terms

• SEBI (Securities and Exchange Board of India) — The regulatory authority that governs all mutual funds and securities markets in India. Sets rules for AMC operations and investor protection.
• AMFI (Association of Mutual Funds in India) — The self-regulatory body of Indian mutual funds. Maintains NAV database, certifies distributors and publishes monthly fund flow data.
• Folio Number — A unique identifier for your investment account with a specific mutual fund house — like a bank account number but for an AMC.

Browse the full mutual fund glossary, or see this concept in action in the fund screener.