SEBI GETS TOUGH ON KYC NORMS FOR MUTUAL FUNDS
The Securities and Exchange Board of India has directed that new folios (mutual fund accounts) will
be opened only after ensuring that all investor-related documents, including account opening documents, PAN, KYC, Power of Attorney (if applicable), specimen signature are made available with MCs or the Registrar and Trade Agents, and not just with the distributor of mutual funds.
be opened only after ensuring that all investor-related documents, including account opening documents, PAN, KYC, Power of Attorney (if applicable), specimen signature are made available with MCs or the Registrar and Trade Agents, and not just with the distributor of mutual funds.
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