Are all investors / unit holders required to meet requirements under PMLA / KYC Policy?
Yes, PMLA and KYC requirements apply to all classes of investors. At present, KYC norms are applicable only with respect to investors intending to invest an amount of Rs. 50,000 or more. This threshold limit of Rs. 50,000 may be changed at our discretion at any future date, to a lower amount. If you are not KYC compliant, you will not be able to transact with us. • Are the KYC requirements only for new investments? Yes. These requirements are only in respect of new investments (new subscriptions). Redemptions, switches and dividend reinvestments of any value are presently exempt from these requirements. • Are Know Your Customer Application Form (KAF) / documentation requirements separate for Individual / Non- Individual applicants? Yes. Separate KAF is available for Individual and Non-Individual applicants. Documentation requirements are also unique to both categories of applicants. • I / We have already provided my PAN copy for my investment in Mutual Fund. Is that not sufficient for
Yes, PMLA and KYC requirements apply to all classes of investors. At present, HDFC Mutual Fund is implementing the PMLA / KYC policy with respect to investors intending to invest an amount of Rs. 50,000 or more. This threshold limit of Rs. 50,000 may be changed at the discretion of HDFC Mutual Fund at any future date, to a lower amount in compliance with applicable laws, rules and regulations. If you are not KYC compliant, you will not be able to transact with us.
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