Indian mutual fund regulator announces fresh ‘KYC’ and ‘KYD’ norms for investors and distributors respectively

5 January 2011 | 1 minute read

The Association of Mutual Funds India (AMFI) has announced that with effect from January 2011, all categories of investors in mutual funds are required to comply with ‘Know Your Client’ (KYC) norms and all distributors or ARN holders are required to complete ‘Know Your Distributor’ (KYD) process by February 2011, according to a statement issued by the regulator.  To comply…

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