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| Discuss Mutual Funds: PAN,KYC, MIN and Other Documents at the Mutual Funds Discussion Forum within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi I have already applied for on-line mutual fund transaction(HDFC Bank) with KYC form. So, ... |
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#21
27th February 2008, 08:09 PM
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confused between MIN and KYC
Hi
I have already applied for on-line mutual fund transaction(HDFC Bank) with KYC form. So, Do i need to take MIN(Mutual fund Identification Number) also? what is diff between KYC and MIN 
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#22
27th February 2008, 08:34 PM
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Re: confused between MIN and KYC
i guess instead of min now pan is the only number u need.....
Kyc is added jus to prevent money laundering and u should apply once and will get acknowledgement...which u should paste a copy when u make application for new Mf the only doubt i have is how the 50k limit is applicable.....50k at one go???or 50k all ard n different funds....and wht if i make a 55k investment all together in 13 months??
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#23
28th February 2008, 10:37 AM
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Re: confused between MIN and KYC
MIN and KYC are essentially for the same purpose - for them to ensure that you really exist, can be found at certain address and are not a bad dude. Last year they called it MIN and gave a number. Then they had second thoughts about yet another tracking number and dropped it in favor of using just the PAN number.
If you had applied and got a MIN number last year, just take the acknowledgment for that to the AMC. -- Milind
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#24
28th February 2008, 12:21 PM
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Re: confused between MIN and KYC
Quote:
 
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#25
28th February 2008, 12:44 PM
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Re: Mutual Funds: PAN,KYC, MIN and Other Documents
ohhh...actually i have invested 32k in 3 elss funds..and need to invest 20k more to save tax.....so total 52k and no need to fix Kyc copy...kool.....but is it good i get one for future time saving purpose...how long is the Kyc stuff eligible(1year)???
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#27
30th April 2008, 09:41 PM
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Re: Mutual Funds: PAN,KYC, MIN and Other Documents
I have applied for KYC through HDFC Bank. They have accepted my form and the supporting documents.
When I enquire status of KYC at the CDSL site, it says "PRESENT_IN_PROCESS". I have not yet received the KYC acknowledgement. Please let me know where I stand, and what I should do now. Thanking you in advance.
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