Mutual Fund Basics
KYC & Nomination for Mutual Funds
One-time KYC, KRA status and up to 10 nominees.
Updated 27 September 2026 · SEBI rules as of 2026
Documents
PAN, Aadhaar/OVD, photo, bank proof
Mutual Fund BasicsOverview
KYC is mandatory before investing and is done once through a KYC Registration Agency (KRA) — valid across all AMCs. SEBI’s revamped nomination rules (2025) allow up to 10 nominees per folio with percentage shares.
| Particular | Details |
|---|---|
| Documents | PAN, Aadhaar/OVD, photo, bank proof |
| Modes | e-KYC (Aadhaar OTP), video KYC, in person |
| Status | KYC Registered / Validated / On hold |
| Nominees | Up to 10 per folio |
| Cash investment limit | ₹50,000 per investor per AMC per FY (with KYC) |
KYC status meanings
| Status | Meaning |
|---|---|
| Validated | Verified with issuing authority — can invest anywhere |
| Registered | Can invest with existing AMCs; new AMCs may need re-KYC |
| On hold / Rejected | Fix mismatched PAN/Aadhaar/mobile/email |
Nomination tips
- Add nominees and shares for every folio
- Opt out only via explicit declaration
- Update after marriage or births
Frequently asked questions
Is KYC free?
Yes, via AMCs/RTAs; some intermediaries may charge.
Can NRIs do KYC?
Yes, with overseas address proof and additional documents.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Information is educational and may change with SEBI / tax rules — verify with the AMC, AMFI or SEBI. FinancePortal is not an investment adviser.