Revision in KYC Norms applicable for RI/UBOs
As per SEBI circular SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated August 11, 2023, KYC Registration Agencies (KRAs) shall verify PAN (including PAN Aadhaar linkage), Name, Address, email id and mobile number. KYC status where all the attributes mentioned above are verified with official databases would be updated as "KYC Validated". KYCs, where any of the attributes mentioned cannot be verified with official databases would be updated as "KYC Registered".
Click below to know your KYC status:
Click here to know your KYC Status
Effective from May 15, 2024, Non-Resident Indian (NRI) Investors, can seamlessly transact in any Mutual Fund till April 30, 2025, if the KYC status is "Registered".
For help: call 1800-2100-168 (toll free) or 022-67319649; or email customercare@helioscapital.in.
Please refer the table below to know the remediation process for the KYC status
| KYC Status | Existing Investor in Helios | New Investor in Helios | Remediation Process |
|---|---|---|---|
| KYC Validated | Invest Seamlessly | Invest Seamlessly | No Action required |
| KYC Registered |
If the KYC status is registered prior to November 30, 2024, Investor can seamlessly transact in Helios MF.
No Remediation process required for investment in Helios MF. |
Investor will need to carry out a Re-KYC for future investments in Helios MF.
Follow the Remediation process as mentioned in the next column. |
If Adhaar was used as OVD in existing KYC but the kyc status is shown as registered, please click the link of respective KRA below to validate KYC.
KRA Links to Validate KYC If for existing KYC any OVD other than Adhaar was used, investor will have to do Re-KYC* Existing investor in Helios MF — Can modify their KYC: invest.heliosmf.in/kycmodification New Investor in Helios MF — If the KYC status is not "validated", click on "Invest Now" (invest.heliosmf.in/newfolio) for completing the KYC process along with the transaction journey. Note — While doing Re-KYC if any other OVD is used other than Aadhar, investor will have to submit the KYC documents every time they approach a new mutual Fund for investment. |
| KYC on Hold / Rejected |
Investor will have to do Re-KYC / remediate the reason of hold/Rejected.
Follow the Remediation process as mentioned in the next column. |
Investor will have to do Re-KYC / remediate the reason of hold/Rejected.
Follow the Remediation process as mentioned in the next column. |
Re-Submit KYC Online or Offline
Online Link Existing investor in Helios MF — Can modify their KYC: invest.heliosmf.in/kycmodification New Investor in Helios MF — If the KYC status is not "validated", click on "Invest Now" (invest.heliosmf.in/newfolio) for completing the KYC process along with the transaction journey. Offline: You may submit the KYC documents at any of our branches of CAMS centres. Click below to locate the nearest branch: Helios Branches CAMS Branches / ISCs |
*We suggest you to complete KYC using Adhaar as OVD to have a "validated" status of KYC,which will save you from doing re- KYC and submission of KYC documents to each of new SRI/MF. Additionally, e-Aadhaar/m-Aadhaar or QR code readable Aadhaar should be provided while initiating or modifying the KYC.
Effective from May 15, 2024, Non-Resident Indian (NRI) Investors, can seamlessly transact in any Mutual Fund till April 30, 2025, if the KYC status is "Registered".
Investors may also note the following:
Even if the investor has submitted physical Aadhaar, his/ her KYC status may not get "validated" because of following reasons:
- Physical Aadhaar QR Code is not readable. (suggestion – Scan your Aadhar QR code & write Aadhar Verification Reference number on Adhaar copy submitted for KYC)
- Aadhaar OVD data could not get validated with the issuing authority i.e. UIDAI.
- PAN-Aadhaar seeding not done. (for NRI seeding is not mandatory but they have to go on IT website & declare their status as NRI) – e-Filing Home Page, Income Tax Department, Government of India
- Email /Mobile validation failed. (refer links shared in above table)
- KYC and Aadhaar database details not matched (i.e. Name , DOB, Gender, Address & Pincode)
- Even where the confirmation on screen shows that the process has been completed, it is not a guarantee that the PAN is KYC validated.
Please note, above listed reasons are the commonly faced challenges and there can be other such challenges specific to individual nature of the PAN validation process.
Documents required for Physical KYC
-
Resident Individuals
- Duly Filled KYC Form
- Passport sized coloured photo.
- Pan Card copy
- Officially Valid Documents (OVD) preferably Aadhar Card. (it is recommended to provide downloaded masked Aadhar copy) — Download Aadhar Copy
-
NRI Individuals
- Duly Filled KYC Form
- Passport sized coloured photo.
- Pan Card copy
- Aadhar Card (Recommended Downloaded Aadhar copy) / Any Other documents declared in Officially Valid Documents (OVD)
- Passport copy
- Overseas Address Proof
-
List Of Officially Valid Documents
- Passport
- Driving Licence
- Proof of Possession of Aadhaar Number
- The Voter's Identity Card Issued by Election Commission of India
- Job Card Issued by NREGA Duly Signed by an Officer of The State Government
- The Letter Issued by The National Population Register Containing Details of Name Address
- Any Other Document as Notified by The Central Government in Consultation with the Regulator
-
Investor may additionally note:
- Effective Date: November 15, 2024, the grace period for acceptance of transactions where KYC status is In-Progress status (only for physical transactions) – has been reduced from 15 business days to 5 business days.
- Effective from December 1, 2024, for the existing investors also if the KYC status remains In-progress even after 5 days, investor will have to do re-kyc for further transactions.
- Additional purchases where folio is already available before November 30, 2024 (to avoid any remediation process for the folios created on or after April 01, 2024) and KYC status is Registered would be accepted as per SEBI guidelines.
If you need any help regarding your KYC, you may reach us at 1800-2100-168 (toll free), 022-67319649 or you can write us at customercare@helioscapital.in
Additionally, please click on the following link to refer detailed FAQs – https://www.heliosmf.in/faq/ (Revised Know Your Customer (KYC) Process)
What is commencement/effective date of CKYC?
CKYC is effective from 1 February 2017.
What is CKYC?
CKYC refers to Centralized KYC (Know Your Customer). The main objective is to have a platform which facilitates investors to complete their KYC only once before interacting with various entities across the financial services sector. Once the CKYC is complete for an Investor, he / she is allotted a 14 digit unique KIN (KYC Identification Number) which needs to be quoted by the investor while doing any transaction.
Who is acting as CKYCR?
Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) is acting as Central KYC Registry (CKYCR). CERSAI is a central online security interest registry of India authorized by the Government of India to act as and to perform the functions of the Central KYC Records Registry under the PMLA rules 2005, including receiving, storing, safeguarding and retrieving the KYC records in the digital form for a client. CERSAI will act as central repository of KYC records of investors in the financial services sector with uniform KYC norms.
Who needs to comply with the CKYC procedure?
Currently CKYC is applicable to Individuals only (Resident Individuals & Non Resident Indian). Any individual customer who has never done KYC with KYC Registration Agency (KRA) and whose KYC is not registered in the KRA as well as CKYC system is required to complete the CKYC process. Existing investors who are registered or verified in the KRA system can continue making investments without any additional documentation. However, for any modification to their existing records, they need to fill up the CKYC form.
How can I apply for CKYC?
For completing the CKYC process, the customer is required to visit the nearest Point of Service / Point of Acceptance and furnish the duly filled in CKYC form, all the required documents (duly attested) as prescribed under CKYC. Further, if any prospective investor uses the old KYC form, which does not have all information needed for registration with CKYC, such customer should either be requested to provide additional/missing information using a supplementary CKYC form or fill the new CKYC form.
How CKYC is different from existing KYC in terms of information?
CKYC requires additional information (for e.g. – investor's maiden name, mother's name, FATCA information, etc.) to be submitted to CERSAI for completion of the CKYC formalities of an investor. Date of Birth is mandatory information under CKYC. All required documentation including proof of identity and proof of address are mentioned in the CKYC form.
Whether PAN and In Person Verification (IPV) is required for CKYC in Mutual Fund?
Yes.
How will I be intimated my CKYC KIN?
KIN is being allotted by CERSAI to investors whose CKYC application is found to be valid. An SMS / email will be sent by CERSAI to the registered mobile number/email address of the investor as soon as the KIN is generated at their end. Since CERSAI will not be sending any physical intimation, applicants should ideally provide their mobile number and/or email ID in the CKYC application form.
What is KYC process to be followed for non-individual customers?
For non-Individuals, the existing KYC template shall continue to be used and uploaded into KRAs, as governed by prevailing SEBI and AMFI guidelines.