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Ch.4 · SEBI Mutual Fund Regulations · easy

eKYC (electronic KYC) for mutual fund investments is done using which identity system?

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EXPLANATION

eKYC for mutual funds is done using Aadhaar-based biometric or OTP authentication via UIDAI (Unique Identification Authority of India). This allows investors to complete KYC digitally without submitting physical documents.

A.PAN database of Income Tax Department

B.Aadhaar-based authentication via UIDAI [✓ Correct]

C.Passport database of Ministry of External Affairs

D.Voter ID database of Election Commission

EXPLANATION

eKYC for mutual funds is done using Aadhaar-based biometric or OTP authentication via UIDAI (Unique Identification Authority of India). This allows investors to complete KYC digitally without submitting physical documents.

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