Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is 'Know Your Customer' (KYC) centralization in mutual funds through KRAs?
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EXPLANATION
SEBI established KRAs (KYC Registration Agencies) to centralize investor KYC — once an investor completes KYC with any SEBI-registered KRA (CAMS-KRA, KFintech-KRA, CVL-KRA, etc.), the KYC is valid across all mutual funds, stockbrokers, and other SEBI-registered intermediaries. This eliminated the need for investors to repeat KYC with every AMC.
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