Have you validated your Mutual Fund KYC yet?

After days of painstaking research on the right funds, you are finally ready to invest in a mutual fund. The latest episode of Mint Money Shots, presented by Invesco Mutual Fund, saw Assistant Editor at Mint, Aprajita Sharma, delve into why validating your KYC is crucial for Mutual Funds. Just follow the steps mentioned below: · Visit any mutual funds or Registrar Transfer Agent ’s website where you have an investment · Next, check for the KYC status link, if available. If yourKYC status is “registered”, you can continue making transactions like Purchases, Redemptions, Switches, SIPs, etc, in all your existing mutual fund investments without any hassle. There are two ways to change your KYC status from “registered” or “rejected” to “validated” – one is online and offline, and the second is only online.