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In summary
How to Invest in SIP A Beginner's Guide
KYC, or Know Your Customer, is a mandatory process for investing in mutual funds. It helps financial institutions verify your identity and comply with regulatory requirements. Your KYC status also affects how you can transact across mutual funds and other securities-market intermediaries.
- KYC is mandatory before you invest in mutual funds.
- A KYC Validated status supports portability across intermediaries.
- A KYC Registered status may require fresh KYC documents when you invest with a new mutual fund or intermediary.
- KYC On-Hold or Rejected status requires you to complete the necessary remediation.
- The Bajaj Broking website offers access to 4,000+ mutual fund schemes.
You can start an SIP from Rs. 100 per month, where applicable.
KYC requirements can change, so check your current status and follow the instructions provided by the relevant KRA, AMC, or intermediary.
What is KYC in mutual funds?
KYC stands for Know Your Customer. It is the process used to verify your identity and certain personal details before you invest in mutual funds.
KYC helps financial institutions meet regulatory requirements and supports measures to prevent money laundering and other financial crimes. It is about verifying who you are; it does not assess whether a particular mutual fund will generate a profit.
You can explore AMCs and mutual fund investments through the Bajaj Broking website after completing the applicable KYC requirements.
Why do you need KYC before investing in mutual funds?
KYC is mandatory for mutual fund investments. It helps ensure that transactions are carried out using verified investor information and allows financial institutions to meet applicable regulatory requirements.
Your KYC information can include details such as your name, PAN, address, contact information, and identity documents. You may need to update or re-submit information if your KYC record requires validation or if your circumstances change.
KYC does not protect you from market losses. It is an identity-verification and compliance process, not an investment guarantee.
How can you complete mutual fund KYC online?
You can complete KYC electronically through an eligible mutual fund, intermediary, or KYC Registration Agency (KRA), depending on the process available to you.
The exact steps can vary, but the process generally involves:
- Start the KYC application: Enter your personal details and PAN as requested.
- Submit documents: Provide the required identity and address documents in the prescribed format.
- Complete verification: Follow the applicable authentication or verification process.
Check your status: Once processing is complete, check whether your KYC is Validated, Registered, On-Hold, or Rejected.
Online KYC may reduce paperwork, but the method of verification depends on the service you use and the documents submitted.
You can also use the SIP return calculator or lumpsum calculator from Bajaj Finance to understand illustrative investment outcomes. These calculations do not guarantee actual returns.
How can you complete mutual fund KYC offline?
You can complete KYC offline by obtaining the applicable KYC form, filling in your details, attaching the required documents, and submitting them through the relevant mutual fund, intermediary, or KRA process.
Your documents may need to be verified or attested according to the applicable requirements. Check the instructions provided by the entity processing your KYC before submitting physical documents.
For example, if your existing KYC record needs remediation, you may be asked to submit an OVD, or Officially Valid Document, such as a passport, driving licence, or voter ID, depending on the reason for the issue.
You can also read about CAMS KRA to understand the role of a KYC Registration Agency.
Which documents do you need for mutual fund KYC?
The documents required depend on the applicable KYC process and your existing KYC status. PAN is an important identifier for KYC, while identity and address documents may also be required.
An OVD can include documents such as a passport, driving licence, or voter ID. The documents accepted and the verification method can depend on the current regulatory requirements and your circumstances.
Do not assume that submitting Aadhaar is the only way to complete KYC. Aadhaar can be used for applicable KYC authentication and validation, but your exact requirements depend on the process and your KYC status.
What do the different KYC statuses mean?
Your KYC status tells you whether your KYC record has been validated and whether you need to take further action. SEBI guidance requires AMCs, RTAs, and other relevant entities to provide information about the implications of different KYC statuses.
| KYC status | What it means | What you may need to do |
|---|---|---|
| KYC Validated | Your KYC has been successfully validated. | No KYC remediation is generally required. |
| KYC Registered | Your KYC is registered but has not been fully validated. | You may invest with a new mutual fund or intermediary by submitting the required KYC documents again. |
| KYC On-Hold | Some KYC information or documents require remediation. | Complete the required update or validation. |
| KYC Rejected | Your KYC could not be accepted in its current form. | Complete KYC again using the documents and process specified for your case. |
The precise action can depend on the reason for the status. Current AMFI guidance states that a KYC Registered investor can invest with a new mutual fund by submitting a fresh set of KYC documents, while On-Hold or Rejected cases require remediation.
A simple example
Ravi completed KYC several years ago and finds that his status is KYC Registered. He now wants to invest with a different mutual fund house. He may still be able to invest, but he may need to submit a fresh set of KYC documents to the new intermediary.
If Ravi's status were KYC Validated, his KYC would generally be portable across intermediaries, subject to the applicable requirements. This is why checking your KYC status before investing can save you from unexpected document requests.
How can you check your mutual fund KYC status?
You can check your KYC status through the KYC-status facility provided by the relevant KRA, AMC, RTA, or intermediary.
You will generally need your PAN or other requested identification details. The result should show your current KYC status and, where applicable, the steps you need to follow to update it.
SEBI has directed AMCs and RTAs to provide clear KYC-status information and guidance for investors whose status is Registered, On-Hold, or Rejected.
You can also read how to check mutual fund status with folio number for information about checking your investment records.
What is CKYC and how is it different from KRA KYC?
CKYC, or Central KYC, refers to the centralised storage and retrieval of KYC records through the Central KYC Records Registry. A KRA, or KYC Registration Agency, handles KYC records and related verification functions for the securities market.
The two terms are therefore not interchangeable. Your KYC record may be available through the relevant systems, but the action you need to take depends on your current KYC status and the requirements of the institution you are dealing with.
What should NRIs know about mutual fund KYC?
If you are an NRI, your KYC process can involve additional documentation relating to your identity, overseas address, and residential status.
Documents such as a passport and PAN may be required, along with other documents applicable to your status. Attestation and verification requirements can also differ.
Because KYC rules for NRIs and other non-resident investors can change, check the current requirements with the relevant KRA, AMC, or intermediary before submitting documents.
You can also learn more about investing in mutual funds.
Conclusion
KYC is a mandatory identity-verification process for mutual fund investors. Completing KYC is not the same as choosing an investment, and it does not guarantee returns or protect you from market risk.
Before investing, check your KYC status and complete any required remediation. A KYC Validated status generally provides portability, while other statuses may require additional documents or verification.
The Bajaj Broking website offers access to mutual fund investments once you meet the applicable KYC and other regulatory requirements.
Last reviewed September 2026
Mutual funds are subject to market risk. Please read the scheme-related documents carefully before investing.
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Frequently Asked Questions
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Is KYC mandatory for mutual funds?
Yes. You need to complete the applicable KYC process before investing in mutual funds. KYC verifies your identity and helps mutual funds and other financial institutions comply with regulatory requirements. If your existing KYC is not validated or has another status requiring action, you may need to submit additional documents before carrying out certain transactions.
Can you invest in mutual funds without completing KYC?
No. KYC compliance is mandatory for mutual fund investing. If you have not completed the required KYC process, you cannot simply bypass it to invest. If you already have a KYC record, check its current status because the action required may differ between KYC Validated, KYC Registered, KYC On-Hold, and KYC Rejected.
What should you do if your KYC is On-Hold?
Check the reason for the On-Hold status first. You may need to validate your PAN, mobile number, email address, or submit an appropriate KYC form and supporting documents. The exact remediation depends on why your KYC was placed On-Hold. Follow the instructions provided by your KRA, AMC, RTA, or intermediary rather than submitting documents that may not be required.
Does KYC Validated mean you do not need to submit KYC again?
A KYC Validated status generally supports portability across securities-market intermediaries, so you do not normally need to repeat the complete KYC process each time you invest. However, you may still need to update your details if your personal information changes or if the intermediary asks for information required under applicable regulations.
Can you complete mutual fund KYC online?
Yes. You can complete KYC online where the relevant KRA, AMC, intermediary, or platform provides an electronic KYC facility. You will generally enter your personal details, provide PAN and other required information, submit the applicable documents, and complete the prescribed verification. The exact steps can vary depending on the service and the type of KYC verification available.
Disclaimer
Bajaj Finance Limited ("BFL") is registered with the Association of Mutual Funds in India ("AMFI") as a distributor of third party Mutual Funds (shortly referred as 'Mutual Funds) with ARN No. 90319
BFL does NOT:
(i) provide investment advisory services in any manner or form.
(ii) carry customized/personalized suitability assessment.
(iii) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.
In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on As-is basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme/Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities forming part of the Mutual Fund. The NAV will inter-alia be exposed to Price/Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other/better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.
Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.
Disclaimer on Risk-O-Meter:
Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc, and shall also consult their Professional advisors, if they are unsure about the suitability of the scheme before investing.
Disclosure: Bajaj Finance Limited (BFL) is a distributor of Mutual Funds with ARN - 90319 and distributes mutual funds of Bajaj Finserv Asset Management Limited (BFSAMC). BFL receives commission towards distribution of mutual fund products. BFSAMC is a group company of BFL, carrying business on arm’s length basis without any conflict of interest and in accordance with the prevailing law / regulation.
Disclaimer
Bajaj Finance Limited ("BFL") is an NBFC offering loans, deposits and third-party wealth management products.
The information BFL contained in this article is for general informational purposes only and does not constitute any financial advice. The content herein has been prepared by BFL on the basis of publicly available information, internal sources and other third-party sources believed to be reliable. However, BFL cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed.
This information should not be relied upon as the sole basis for any investment decisions. Hence, User is advised to independently exercise diligence by verifying complete information, including by consulting independent financial experts, if any, and the investor shall be the sole owner of the decision taken, if any, about suitability of the same.
Disclaimer
Mutual Fund SIP calculator may provide potential investors an approximate estimate on the maturity amount of the monthly SIP, purely based on mathematical calculation of the projected annual return rate selected by investor. However, such calculation does not factor the actual performance by the Asset Management Company (AMC) and should not be treated as any advice or assurance about the actual return of investment. Mutual Funds do not have a fixed rate of return and it is not possible to predict the rate of return. Please note that the SIP calculator are for illustrations only and do not represent actual returns which may vary depending on various factors including but not limited to actual performance, expense ratio, taxation, exit load (if any), etc.