People who want to save for the long term have recently turned to mutual funds. The number of investors is increasing significantly, especially after the outbreak of the coronavirus epidemic.
However, it is possible to withdraw from mutual funds before maturity in an emergency, subject to conditions. You can cancel without an exit load using a direct and growth option.
It’s important to note that SEBI has mandated that investors in mutual funds must complete the KYC process before withdrawing, underscoring the responsibility we all share in preventing fraudulent activities.
Sebi has said that this decision has been taken to prevent fraudulent activities and the diversion of illegally earned money into them. Let’s learn how to complete the KYC process.
Even if many people do not withdraw, it is also possible to determine whether the original CVC process has been completed.
- The first step in the KYC process is to visit www.cvlkra.com.
- This will take you to the official website to begin your KYC registration.
- Then, go to the first website that appears on the page.
- Once the PAN card details are entered and submitted, all the details will appear below.
- If you updated it earlier, then it will say ‘New KYC Validated.’
- If the KYC is not updated, your KYC will not be validated, which could lead to delays in your investment activities.
- It also shows the name of your KYC registration agency.
- If you go to the related website, a box will open on the upper right-hand side.
- Enter the PAN details and submit.
- Once you’ve submitted your PAN details, you’re almost there!
- Your KYC process will be complete with just a few more steps.