All You Need to Know About KYC

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All You Need to Know About KYC

KYC is the abbreviation for Know-Your-Customer, a term used for Customer Identification Process that the government has put in place to track retail investment in mutual funds. The Indian Government has made it mandatory for all retail investor to comply and complete their KYC requirements irrespective of the amount invested. Previously, retail investors, who had invested less than Rs 50,000 were not required to follow KYC guidelines.

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