SEBI KRA Regulations
Until recently, if you wanted to invest through multiple intermediaries, you had to complete KYC compliance processes for each of the intermediaries separately. However, as per SEBI’s new KRA regulations, there is a unified KYC process for all securities, and you need to complete this only once. This regulation has been effective since January 1, 2012, and currently, this unified KYC process is carried out by KYC Registration Agencies (KRAs), as notified by SEBI.
In case your PAN and KYC status is already updated in our records, you need not go through the KYC process again. If further details are required as per the new regulations, you will be notified, and can submit the same at our servicing centres. If you are a new investor, and have not completed your KYC process yet, you will need to complete formalities as per SEBI’s KRA regulations.
Yes, that’s absolutely fine. However, make sure you comply with the following:
- Your form is duly filled, correctly and is not incomplete in any way
- The In-Person Verification (IPV) section of your form has been completed either by a National Institute of Securities Markets (NISM)/ Association of Mutual Funds in India (AMFI) distributor who is Know Your Distributor (KYD) complied or by a scheduled commercial bank.
I am an NRI who wants to complete my KYC formalities and invest in SBI Mutual Fund. What do I do?
I am an NRI who wants to complete my KYC formalities and invest in SBI Mutual Fund. What do I do?
You need to complete your KYC form and submit it at any of our servicing centres. Please remember that the In-Person Verification (IPV) section of your form has been completed either by a National Institute of Securities Markets (NISM)/ Association of Mutual Funds in India (AMFI) distributor who is Know Your Distributor (KYD) complied or by a scheduled commercial bank.
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