Under SEBI's new rules, your KYC must be fully verified to open a mutual fund account. Otherwise, you will not be able to open a mutual fund account.
SEBI new rules 2025: Indian stock market investors consider investing in mutual funds a promising investment that yields good returns in the long term. Many invest through SIPs. If you are also considering investing in mutual funds, this news is for you.
The Securities and Exchange Board of India (SEBI) is planning to amend the rules for opening and investing in mutual funds. Under this plan, investing will be safer and easier than before. Under the new rules, your KYC must be fully verified to open a mutual fund account. Otherwise, you will not be able to open a mutual fund account.
What are SEBI's new rules?
According to information provided by SEBI, a mutual fund account can now be opened only if all the investor's KYC documents have been properly verified and verified. These documents will be sent to the KYC Registration Agency (KRA), which will conduct the final verification. This means that no one will be able to invest without completing the KYC.
Investors will receive all information via email and mobile to ensure all information is clear. Additionally, asset management companies (AMCs) and KRAs will be required to update their systems in accordance with the new regulations. SEBI has sought public feedback on this proposal. People can submit their comments to SEBI by November 14th.
What will change?
With the implementation of the new regulations, both investing and opening a mutual fund account will become more transparent. Losses caused by incorrect and incomplete information will be prevented. Additionally, asset management companies will make investor-related work easier. Investors often face significant difficulties in the claim process due to incomplete and incomplete information. There is every possibility of change in this due to the new rules.
Contact to : xlf550402@gmail.com
Copyright © boyuanhulian 2020 - 2023. All Right Reserved.