12% of Mutual Fund Accounts ON HOLD!

Are you one of them?

Check out the whole reel to know what is happening!

Here’s what different status mean-

1.Registered/Verified: It means your documents cannot be directly verified by the issuing authority and do not include PAN or Aadhaar. Although existing investments remain unaffected, new investments require resubmission of KYC documents.

2.On Hold: Documents not valid or contact details not verified. Transactions restricted until contact details verified or valid documents submitted.

If KYC status is Registered/Verified/On hold, follow these steps:

1.Log into your account with the respective fund house you invest with.

2.You will be able to view your status under your profile. Here, you will get the option to update it.

3.You can use m-Aadhaar or e-Aadhar for this.

4.Once your Aadhar Card is verified with UIDAI, your KYC will be validated across all the fund houses.

If you have any doubts, then let me know in the comments.

[Vignsh Dhayalan, finance, investment, vicky views, tamil, mutual funds, trading, KYC, mutual fund kyc]

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