Mutual Fund

Investing thru e-wallets in mutual funds must conform to KYC regulations-SEBI

According to a recent circular issued by the Securities and Exchange Board of India (Sebi), e-wallets utilized for investing in mutual funds must adhere to the KYC guidelines set by the Reserve Bank of India (RBI). This provision will be implemented from May 1, 2023.

In 2017, Sebi permitted the use of e-wallets for mutual fund investments up to Rs 50,000 per financial year, to encourage digital payments and encourage household savings to enter the capital market, particularly among young investors.

The circular is intended to safeguard the interests of securities investors and regulate the securities market.

Check your Nominee in Mutual Funds. Click below links
2) Kfintech

Link or check you PAN- Aadhaar status linking
1) PAN – Aadhaar Link

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