Cams KRA KYC Validation – How to validate the KYC Status and continue investment Journey

On October 2023, SEBI released a Master circular on KYC. This has details information of every query related to Client, intermediary and uniformity of KYC (Know your customer) across different financial Asset class.

As per Securities and Exchange Board of India, effective from April 1, 2024, investors with an ‘on hold’ KYC status will not be able to carry out any transactions in mutual funds. This new rule has impacted almost 3% of the total Investors ( 1.3Cr)

Cams KRA KYC Validation

Check the “KYC Status” using Link – CVL KRA There are 3 Type of KYC status – on Hold, Registered and Validated. Use the “KYC Inquiry” tab to put PAN number.

On Hold means – you have to find reason and modify your KYC [ Connect your Advisor and get modification done or follow Online process mentioned at Link]

Registered Means – you will continue the transaction in existing funds, but not in new funds. You need to validate  your Mobile Number and Email ID by visiting KRA Website ( Process mentioned below)

Validated Means – All are good, No action required.

There are 5 KRA, you need to identify the KRA name from CVL Portal and verify your Email and Mobile number with that KRA only. and “How to Validate” is mentioned in the Article.

Note: If your KYC is showing Registered and your KRA is CVL. There is simple process available to validate the KYC online using Adhaar Card. Go to KYC Validation tab and following the process.

•    Login to – CVL KRA
•    Select the Tab KYC Validation. or directly hit – CVL | KRA Verification (cvlindia.com)
•    put your PAN Card followed by Captcha
•    verify your email ID and Mobile Number
•    Once verified, again follow the same above 3 steps and reach to same verification page
•    Select the option – “Proceed with Aadhaar Validation.   you must have downloaded e-Adhaar (Protected with OTP – 4 char NAME and Year of Birth)
•    Upload the E-Aadhaar and Password for the PDF and submit
•    Within 30 Min, your KYC status will change from Registered to Validated

Now you are ready to invest in any of the Mutual Fund.

Officially Valid Documents (OVD) –

• Passport;
• Driving licence;
• Proof of possession of Aadhaar number;
• Voter’s Identity Card issued by Election Commission of India;
• Job card issued by NREGA duly signed by an officer of the State Government;
• Letter issued by the National Population Register containing details of name address; or
• Any other document as notified by the Central Government in consultation with the Regulator.