Submission of Pan and KYC
This is to inform you about certain important formalities that you as an
investor need to comply with in order to invest in our mutual fund account.
Submission of Pan Mandatory
As per the Securities and Exchange Board of India (SEBI) circular dated April
27, 2007, with effect from July 02, 2007, Permanent Account Number (PAN) issued
by the Income Tax Authorities has been made the sole identification number for
all participants transacting in the securities market including mutual funds,
irrespective of the amount of transaction.
for Online PAN application
This means that submission of PAN card copy (along with original for
verification which will be returned across the counter) is mandatory for all
investors (including joint applicants / holders, guardians and NRIs) for
investing with mutual funds
All fresh investment applications (irrespective of the amount) have to be
enclosed with a certified copy of the PAN card. The certification can be done
by any of the following:
The distributor/broker through whom transaction is done or
The offices of Edelweiss Mutual Fund or
Investor Service Centers of our Registrar & Transfer Agents or
Bank Manager or
Please note that the original PAN card should be furnished to any of the above
Know Your Customer –KYC Formalities
All investors including guardians and power of attorney holders need to
complete 'Know Your Customer' (KYC) formalities by completing a KYC application
form along with photograph, PAN card and Proof of Address for individuals, or
Corporate Documents for bodies corporate, in accordance with the Prevention of
Money-Laundering Act, 2002 (PMLA), Rules issued there under and the guidelines
/ circulars issued by SEBI thereto. We request you to complete the said
formalities at the earliest.
We will be tying up with M/s CVL (CDSL Ventures Ltd) to increase reach and
convenience for our investors. Applications for KYC along with PAN may be
submitted at any "Point of Service" of CVL. All documents must be submitted in
original along with a self-attested copy. The original will be returned across
the counter after verification. Investors may also submit notarized copies of
the requisite documents.
Effective February 1, 2008 for any investment (Purchases / Additional Purchases
and new SIP registrations) of Rs.50,000 or more, KYC must be completed for all
individual unit holders / investors in a folio (including guardian
where the investor is a minor and NRIs) irrespective of the mode of holding,
and any Power of Attorney holders. For non-individual investors, KYC must be
completed irrespective of the amount of investment. Investments where KYC is
not registered may not be accepted.
In this regard, Association of Mutual Funds in India (AMFI) has started
releasing series of advertisement through various leading newspapers, on behalf
of mutual funds.
All investments in Edelweiss Mutual Fund need to comply with the PAN and KYC
requirements as noted above.
For investor's convenience, a majority of mutual funds in India have appointed
CDSL Ventures Ltd (CVL) as their agents to complete PAN verification and KYC
formalities on their behalf. Investors need to submit their details only
once for completion of formalities across all these mutual funds.
Please note that PAN is mandatory for completing KYC formalities with CVL. You
are requested to carry your original PAN card or an attested copy (in original)
of your PAN card to the Point-of-service for verification.
Also note that once you have completed KYC formalities, there is no need to
separately register your PAN with Mutual Funds.
Investors will need to submit the following at the designated ‘Point of Service
(POS)’ Centers of CVL for one-time completion of PAN and KYC formalities
Completed KYC application form :
Recent passport-size photograph to be affixed on the form
Copy of PAN card
Prescribed documents for proof of address / constitution
Please note that the above documents need to be in the form of either:
A self attested copy along with originals (originals will be returned across
the counter after verification) or;
A copy attested (in original) by a notary public/gazette officer/manager of
scheduled commercial bank (designation seal to be affixed).
This acknowledgement can be submitted to majority of mutual funds along with
the fresh investment application form / additional purchase request.
Those of you who have Completed KYC process with CVL and have been issued a KYC
acknowledgement letter may kindly submit a copy of the KYC acknowledgement
letter along with the fresh investment application form / additional purchase
request for updation of PAN / KYC compliance.
If, for any reason, the status of KYC registration at CVL is “Incomplete”,
please resubmit the required documents to your nearest Point-of-Service (POS)
and obtain a fresh KYC acknowledgement letter
Non-completion of PAN and KYC formalities:
Effective February 1, 2008, investments of value Rs.50,000 or more with
Edelweiss Mutual Fund may not be accepted in cases where KYC formalities have
not been completed and / or KYC acknowledgement is not enclosed for any holder,
including Guardian and Power of Attorney holder as applicable.
As the above requirements are mandatory, we request your cooperation in
completing these formalities without delay