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Know Your Distributor (KYD)
Introduction of Know Your Distributor process for Mutual Fund
 

AMFI vide Circular 35P/ MEM-COR/ 13/ 10-11 dated August 27, 2010, has decided to introduce Know Your Distributor (KYD) for Mutual Fund Distributors with effect from September 1, 2010, which will be similar to that of Know Your Client (KYC) for investors. KYD process requires distributors to submit mandatorily identity proof, address proof, PAN and bank account details with proof. Further AMFI has also decided to introduce bio-metrics as a part of KYD process.

The prescribed form for KYD and updation of information such as change of address, contact details, bank account, etc. are available on AMFI Website.

Please click here for Communication and Process note sent by AMFI to all the Asset Management Companies