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I am the resident of a town called madhugiri in tumkur district associated with malleswaram UFC in Bangalore.I really appreciate UTI AMC & staff as well who handle KYC & investor grievances very well.

THE ONLY SOLUTION TO THESE PROBLEMS IS THAT SEBI SHOULD ACCEPT PAN CARD AS KYC OR IF ANY BODY HAS ADDHAR CARD AS KYC. FURTHER THE PERSON SITTING AT THE FRONT DESK ARE IGNORANT ABOUT THE BASICS AND REFUSE THE KYC ON PETTY ISSUES. SEBI SHOULD ENSURE THAT A PROPER FAQ ON KYC SHOULD BE MADE AVAILABLE ON AMFI OR SEBI WEBSITE AND ALSO IN THE OFFICE OF ALL AMCS.

I am leaving in small town and work with all amc situated at Baroda. as Mr. Indranil said that HDFC MF is doing good job, i say that there are many problems raisd by them also and as Sanghit and Senthilkumar said the work of UTI MF are excellent. But i also agree with Mr. Shabbir the problem raised by him is true and i also suggest that there is single guideline for all AMCs are required.

I agree with you and i want to add with your vioce that now a big problem is if somebody want to make KYC in advance i.e prior to the investment the amc do not help the investor but why?

Shabbir bhai u are very correct, we all are facing similar difficulties.AMFI should address the issue & sort it out immly. so as to strengthen the Industry.As per solution amfi should instruct strictly for other AMCs as UTIMF is doing things very nicely. Thanks.

Why do not you put UTI AMC in the headline?

I Think hdfc-AMC Also Provides with KYC- Services. But the POINT is Its IMPERATIVE that An UNIFORM Platform should be There, Applicable for ALL AMCs.....AMFI IS VERY DICEY & GREY, As A Monitoring / Regulating Authority !!!???

EVERY FINANCIAL ENTITY LIKE BANK, INSURANCE CO.MUTUAL FUND, POST OFFICE, NSC BSE SHOULD HAVE ASSESS TO THE DATA MAINTAINED BY PAN CARD ISSUING AGENCIES. AND SHOULD VERIFY PAN NUMBER, PHOTO & ADDRESS FROM THAT DATA. AND FINALY THAT DATA SHOULD ACCEPTED.

The KYC process is Really becoming a CRUEL Joke on IFAs and investors.Why cant SEBI get along with just the PAN which is issued on submitting relevant KYC documents. IF AMFI OR AMC OR SEBI IS NOT SATISFIED WITH ANY INVESTORS PAN DETAILS THEN THEY MIGHT ASK THE INVESTOR TO GO FOR KYC

The geniune voice/clais of the IFA is being crashed repeated supressed under the upper hands of the SEBI/AMFI the August regulators. The slow poisoning tactics should be stopped/loked in to early.

yes , i fully agree with your comment , i have also given application with fresh kyc to axis mf at karvy , vadodara in march 2013 , the application has been process ,but the kyc has not been process at the same day & the application has been rejected by karvy . they have rejected the application for reason that the kyc has been not done on the same day.this is not the valid reason.

Dear All Anyone can take a printout of the KYC acknowledgement from the KYC agencies (cvlkra.com, camskra.com, ndmlkra.com, dotexkra.com etc) websites if one knows the correct PAN number. No need of this confusion. CAMS/ KARVY used to do KYC Process. Now a days almost all AMCs are not doing KYC Process if there is CAMS/KARVY exist in the location. Whatever it is after doing the process anyone can enter the respective website from even an Internet cafe and enter the correct PAN number and take one printout and then take enough photocopies of the printout and attach it with the transmission documents. Thats all.

i have some difficulty in kyc status,it is normal process for both

It is really a great job SEBI is doing by asking KYC docs for a Purchase of M/F of tini amount of Rs 1000/= and to take KYC No you need to carry All ORIGINAL DOCUMENTS WITH YOU, but if you want to Buy a CAR Value Rs 25,00,000/= just give copy of pan card or pan card No, thats it, This happens only in India, A salute to SEBIs Wise people.

Just Ask investor (nominee or minor became major person) to invest Rs.500 in any tax saving scheme. A nominal investment. This way their kyc will get done. Generally nobody refuses for the same. Then u can apply everywhere for transmission of units.

well i would suggest before solving any problem...of ur clients u can do a single investment of his/her and at the same time ..u have to make KYC ..so by doing a single investment in any of the scheme for juss a week ..can be withdraw after some days after...so before goin in too much time consuming process..do a single investment then go for ...ur cases ...like ...transmission of units or nominess is minor now major...

i truely agree with uu .. but at the same time it also depend upon yr personal relation wit oither amc people... . it is fact that some of the amcs pretend that they r very strict ... .. not helping clients and distributors

Correctly said . I am in the field for the last seven years and serving my customers through UTI AMC , which is the mother of Mutual fund Industry. A mother will know the requirements of her wards better than anybody else.

Back office staff , in most cases, avoid their duties.. They hardly apply their minds and causes, unknowingly, tremendous burden on investors.. Recently, one prominent MF REFUSED TO VERIFY ZEROX COPIES--- EVEN THOUGH, ORIGINALS WERE SUBMITTED FOR THEIR VERIFICATION.. We complained to SEBI & AMFI, AND they started accepting and verifying.. Thus we must fight for every lapses of BACK OFFICE WORK.. I had insisted for some punishment to such employee.. The answer is awaited from AMC Bosses.. SHALL WE BOYCOTT SUCH AMCS? If IFA(S) fight with unity, AMC SHALL HAVE TO CO-OPERATE... OTHERWISE, MF ROUTINE WORK SHALL BE INFERIOR TO even POST OFFICES WORK, which have lost image...

The Acknowledgement can be printed from www.cvlkra.com .This can be attached to the transmission request or Change in status request and AMCs shall process the transaction. In some cases even acknowledgement is not required, mention the PAN and AMCs will check it on CVL website and process the requests.