KYC (Know Your Customer) is a regulatory requirement by SEBI to control fraud and illegal activities and thereby protect your money.
Under this process, you need to provide certain information that is recorded at one place and used by all the mutual funds.
You need to do KYC only once across all mutual funds. Once you sign up with Clearfunds, we will take care of KYC if required.
Here's everything you need to know about Mutual Fund KYC.