Mutual Fund KYC
To do mutual fund related transactions online you will first require your Mutual Fund KYC
Things Required to do a KYC
- New MF Account Application Form (Can be downloaded from the MF company website)
- Aadhar Card Photocopies (Self-signed)
- Bank Account (Private Bank Preferred)
- Cancelled Cheque of the bank account with your name printed on it
- Bank Passbook Photocopies (Self-signed)
Go to a Mutual Fund Office and register there or Post-Mail the documents to a mutual fund office
Digital KYC is also an option where documents are emailed and person verification done online.
Go to a Mutual Fund Office and register there or Post-Mail the documents to a mutual fund office
Digital KYC is also an option where documents are emailed and person verification done online.
Demonstration
I have used Kotak Mutual Fund Account and HDFC Net-Banking account for demonstration purposes.
Similar functionalities will also be available in other mutual fund company websites.
Click on any image to enlarge it
Things to be done on a page are given in red colour below the page name
Lump sum Investment
Mutual Fund Home Page (To create online mutual account)
Enter Folio Number and click on “Sign Up”
Mutual Fund Account Home Page (To Login)
Enter username and password and click on Login
Mutual Fund Account Home Page
Click on “Transact Online”
Transact Online - Lump sum Investment/ Purchase Page
Select Folio, choose Direct Plan, scheme type, scheme and enter the investment amount
Transact Online - Lump sum Investment/ Purchase Page (Bottom Part)
Select your bank and click on Submit
Transact Online - Lump sum Investment/ Purchase Summary Page
Click on “Confirm”. This will take you to your Bank’s Net-Banking Account
SIP Creation
Systematic Transactions - Systematic Investment Plan Page
Select Folio, choose Direct Plan, scheme type, scheme and select Reinvest for “Growth” option
Systematic Transactions - Systematic Investment Plan Page (Bottom Page)
Specify Frequency, start and end date, amount & bank (Tenure should not be more than 1 year)
Systematic Transactions - Systematic Investment Plan Summary Page
Accept Terms and Conditions and click on Confirm
Systematic Transactions - Systematic Investment Plan URN Page
The URN has to be registered with Bank Account from where SIP deductions should be done.
SIP Registration with Net-Banking account
SIP Registration with Net-Banking Account - Bill Payment Window
Click on “BillPay & Recharge”
SIP Registration with Net-Banking Account - Billers Window
Click On “Add Biller”
SIP Registration with Net-Banking Account - Biller Category Window
Select Mutual Fund category
SIP Registration with Net-Banking Account - Mutual Fund Biller Window
Select the Appropriate Mutual Fund
SIP Registration with Net-Banking Account - HDFC Mutual Fund Biller Window
Enter SIP Details & Click on Add Biller
