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Its just that we have many dream , and less deeds. But many times our dreams turn out to be other nightmares! By using this great KYC mechanism , we want to prevent the "Wrong Money" entering the market. I wonder , if it ever had happened. There is no check at the issuance of the primary documents( like for example the birth cerificates and the address proofs). But there are many secondary level documents like , KYC and Passport , which insist on some primary document. This is not going to solve the problem. Per haps it costs lot more for the paper work , and may be a little profit for the KRAs. Yes , for all those law abiding people , KYC is another testimony , fos sure. Thankfully , its not at a (direct)charge .

I submitted KYC change form at CAMS for updatation of res.address. Client had done redumption of funds,therefore presently has no investments in any fund.The kyc change form for updatation of address was not accepted.How to update change in KYC if presently no invested amount in mutual fund?

A brain behind KYC issue should be awarded Padma Bhushan.

A simple issue of KYC has been made so complicated with the grace of our great SEBI officials. Is it really such a big issue that big SEBI has made it? Anyway, at the moment, SEBI should arrange to ensure proper coordination between different KRAs.

This issue should be solved asap.

I very much agree that the KYC procedure must be made simpler and easier for IFAs and Clients. The FUNNIEST thing is our INCOME TAX, Sales Tax,Central Excise All beleive in PAN but SEBI does NOT Believe in PAN.

Dear Mr. George... just download KYC status by entering PAN on cvl india site (if stauts not updated - refurninsh change form & follow with AMC where submitted) within three weeks its get uploaded. Send thereafter downloaded copy every time your client is making transaction. Its simple .....

Yes, I fully agree with Mr. George. There should be only one Website to check KYC.

I really do hope somebody who is interested in simplifying our & investors lives takes note. The way things are, that seems a very high & heavy expectation. Hope for some respite from the endless paperwork.

It is a long long time since the investors (and consequently IFAs)have been facing the issue. Obviously it is a technical issue that should have been sorted out a long time ago. I doubt whether the issue is brought to the notice of the regulator until now or not.

INVESTOR SUFFERED VERY MUCH PROBLEMS AT KRAS RULES . ALL KRA NOT AVAILABLE EVERYWHERE SO HE HOW TO ABLE CHANGES IN KYC

I fully agree with Mr. George Joseph on this. The system is not friendly for an investor to come across. We request the regulator to explore every feasibility of allowing interconnectivity between the various KRAs. This will ensure more clients to the markets otherwise another reason for an exodus.

I agree with suggestions that for the KYC process to go on smoothly, it is imperative that there should be inter-connectivity between intermediaries. There is a need to address this issue .