Invest In Tax Saving Mutual Funds Online

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It's a unique number that you get from a Sebi-approved KYC Registration Agency (KRA) after you have filled up a form and submitted some documents to prove that the information given in the form is correct. You need to disclose your name, father/spouse's name, your gender, marital status, date of birth, nationality, income tax PAN, address for correspondence, contact details like telephone/cell phone numbers, e-mail ID and a few other details. You also need to paste your recent passport size photograph on the form.

Once you have submitted the filled-up form and attached the photocopies of relevant documents like PAN, proof of address, proof of identity, etc with the KRA, the agency would take about two weeks to process your KYC application. After that, if everything is in order, the KRA will intimate you your KYC compliance number.

Once you have a KYC number, it would be valid for all investments and transactions that you undertake with every financial institution that is regulated by Sebi. These institutions include all mutual funds, brokers, portfolio management schemes offered by brokers, banks, etc. It's been a little over a year now that Sebi has put in place a uniform KYC format for all financial entities under its regulation.

If you are not very confident of doing it on your own, you can approach a mutual fund agent, distributor, financial planner, mutual fund house or a broker to help you become KYC complaint.

Another positive aspect is that even if you do not have a KYC, you can still invest in a mutual fund. However, when you fill up the form to invest in a fund for the first time, simultaneously you also need to fill up the KYC compliance form. This will then be sent to a KRA for your KYC compliance.

Happy Investing!!

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online