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Key Takeaways
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KYC registration using CAMS KRA adheres to standardised SEBI criteria that apply to all capital market intermediaries.
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Multiple SEBI-registered companies can access and rely on the same KYC record.
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Aadhaar OTP-based e-KYC has regulatory limitations and does not always meet the criteria for full KYC.
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Completing the Video-based Customer Identification Process (V-CIP) is required for full digital onboarding.
What is CAMS KRA?
Computer Age Management Services (CAMS) is a leading mutual fund transfer agency in India. They provide comprehensive services, including KYC registration, for mutual fund investors. They simplify the process and enable seamless transactions across multiple fund houses. Their robust infrastructure and expertise in managing customer data make them a trusted partner for both investors and financial institutions.
Purpose of CAMS KRA KYC for Mutual Fund
SEBI has established the KRA for Mutual Funds to streamline the KYC process and ensure uniformity across SEBI-registered intermediaries. This initiative eliminates the need for investors to undergo KYC multiple times and enables them to invest or trade through various intermediaries after completing the KYC process once with any intermediary.
Once registered under the KYC norms, investors can make investments through different intermediaries. Furthermore, any updates or modifications to an investor's information can be made through a single request to the KRA. This eliminates the requirement to approach the KYC centres for changes.
CAMS KRA KYC Process
CAMS KRA uses top-end technology to process, store and retrieve the documents required for KYC. Being a reputable KRA, they constantly implement regulatory changes and ensure compliance. The CAMS eKYC process can be done online on the CAMS online website, or a paper-based KYC is also allowed. The KYC registration process in CAMS KRA is done in two ways:
CAMS KYC Process - Online
Here are the steps you need to follow for the e-KYC process using your Aadhaar card.
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Go to the CAMS online website.
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Enter your email address and PAN card number.
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Now enter your details as mentioned on the online form.
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As you are processing via your Aadhaar card, an OTP will be sent to your Aadhaar-registered mobile number (allowed only for limited investment thresholds)
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Once the OTP verification is done, you need to provide further documents.
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On submitting the details successfully, your KYC status will be updated accordingly.
CAMS KYC Process - Offline
For paper-based KYC, an application form is available on the CAMS online website. You need to download the application form (for individuals or non-individuals) and fill out the form with the right details. Attach the required documents like identity proofs, address proof and your photographs and submit them at any SEBI-registered intermediary or Mutual Fund AMC. They will process the application to the KRA for verification.
Note: According to SEBI regulations, Aadhaar OTP-based e-KYC using CAMS KRA is only permitted for limited investment caps. Investors must undergo In-Person Verification (IPV) or the Video-based Customer Identification Process (V-CIP) to activate full KYC and conduct higher-value transactions. SEBI requires V-CIP for full digital onboarding to improve identity verification and regulatory compliance.
Types of CAMS KRA Forms
CAMS KRA offers various forms tailored to meet the needs of different types of investors, ensuring that the KYC (Know Your Customer) process is smooth and efficient. Whether you are an individual investor, a company, or a minor, CAMS KRA provides the appropriate forms to ensure compliance and easy participation in mutual fund investments. Here's a breakdown of the key types of CAMS KRA forms:
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The Individual KYC Form: It is meant for individual investors who wish to complete their KYC verification under their personal name. It requires basic details like the investor’s name, date of birth, address, and valid identification proof. CAMS KRA simplifies the KYC process for individuals, verifying all the submitted information efficiently.
Once the KYC is approved, investors can proceed with mutual fund investments—whether through lump sum or Systematic Investment Plans (SIPs)—without needing to resubmit KYC details for every transaction. This form serves as a gateway for individuals to confidently invest in mutual funds.
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Non-Individual KYC Form: Designed for organisations such as companies, trusts, and institutions, the Non-Individual KYC Form is more comprehensive than the individual form. It gathers detailed information about the entity, including its corporate structure, registered address, and details of authorised signatories.
This form helps non-individual investors ensure smooth regulatory compliance. Once the KYC process is completed, these entities can participate in mutual fund investments, helping them diversify their portfolios efficiently.
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Modification Form: The Modification Form is intended for investors who need to update their KYC details. If an individual or entity’s personal information—such as their address or identification proof—changes, this form allows for easy updates to keep the KYC records current. This ensures that all personal data is up-to-date, allowing for seamless continuation of investment activities.
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KRA KYC Change Form: This form is similar to the modification form but focuses on allowing investors to amend their KYC details in the KRA database. Whether it’s a change in personal or organisational information, this form facilitates quick updates, ensuring the accuracy of the investor’s data in the KYC database.
Each of these forms is designed to streamline the KYC process, making it easier for different types of investors to enter and stay in the world of mutual fund investments.
Also Read, How to do KYC for Mutual Funds?
Check CAMS KRA KYC Status
You can check your CAMSKRA KYC status easily on their official website.
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Open the website
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Find the ‘My KYC Status’ option
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Enter your PAN number
You will get the status of your KYC.
Documents Required for KYC Verification
While registering yourself for CAMS KRA KYC, the documents that you need to keep handy are,
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PAN Card
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Aadhaar Card
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Address Proofs - Telephone bill or electricity bill
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Voter’s ID
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Driving Licence
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Latest bank account statements
SEBI Guidelines of KRA
SEBI has provided guidelines for the implementation of KRA in the financial industry. These guidelines aim to ensure standardisation, efficiency, and security in the KYC process. SEBI's guidelines specify the role of KRAs in maintaining customer data, validating identity and address proofs, conducting risk assessment, and facilitating seamless transfer of KYC records between intermediaries.
The guidelines by SEBI also emphasise the importance of customer privacy, data protection, and periodic updates of KYC information. By adhering to SEBI's guidelines, KRAs contribute to a strong and reliable KYC framework, promoting investor confidence and safeguarding the integrity of the financial markets.
Benefits of KRAs for Investors
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It is a one-time process, and KRA eliminates duplication of data.
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On registering yourself with any KRA centre, you can open an account with a SEBI-registered intermediary easily.
CAMS KRA vs other KRAs
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CAMS KRA KYC, and other KRAs work under SEBI rules and follow the same basic framework.
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All KRAs store investor KYC details in a central system that can be accessed by authorised intermediaries.
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Completing KYC with any one KRA is enough; investors do not need to repeat the process elsewhere.
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CAMS KRA is commonly used for mutual fund investments and supports both online and offline KYC.
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KYC status checks and detailed updates can be done easily through the KRA system.
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Differences between KRAs are mostly in process flow and ease of use, not in purpose or validity.
Conclusion
If you are interested in investing in mutual funds, it is important to complete your KYC with any one of the SEBI-recognised KRAs. Once the KYC is done, you can proceed with your investments hassle-free. Also, to invest in the stock market, it is important to have a Demat account. Open a Demat Account now for free on Angel One. Happy Investing!
