Dear Associate,
With a view to bring about uniformity in basic KYC requirements in securities markets, SEBI has prescribed a common KYC form to be used by all SEBI registered intermediaries. In light of regulatory requirements, the existing common Mutual Fund KYC form has been modified and new forms are attached for your convenience. The new forms will soon be available on CVL website and at various Points of Service.
What is the Effective Date? The new forms will be applicable from January 01, 2012 and we advise you to use the new forms only. Kindly note that old KYC forms will not be accepted on and after January 01, 2012.
What is new in these forms? Here are some salient changes in the KYC process, applicable forms and supporting documents requirements.
1.	For Individuals:
a.	Marital Status (mandatory),
b.	Unique Identification Number (UID)/Aadhar (Non Mandatory),
c.	Modification in slabs for Gross Annual Income Details, or
d.	Individuals have the choice to mention their Net Worth as on a recent date in lieu of Gross Annual Income Details.
2.	For Non - Individuals:
a.	Photograph of any one of the authorized signatories required on the form with signature across it
b.	Additional details like ‘Place of Incorporation’, ‘Date of commencement of Business’, ‘Net Worth as on a recent date’,
c.	Name, Photograph, PAN, Proof of Identity, Proof of Address of Karta/Partners/Trustees/Promoters(holding direct or indirect control)
d.	DIN/UID of Promoters/Partners/Karta/Whole Time Directors
e.	Copy of balance sheets for last two years; latest share holding pattern etc.
3.	In-Person Verification (IPV) - Mandatory: SEBI vide circular number MIRSD/Cir-26/2011 dated December 23, 2011 has mandated IPV for all new clients
a.	In case of mutual funds, the IPV can be performed by AMCs or AMFI/NISM certified distributors who have complied with KYD requirements.
b.	Further, details like name of the person doing IPV, designation, organization name, signatures and date of IPV should be are recorded on the KYC form at the time of IPV
c.	Hence, should you conduct the IPV in your capacity as distributors, kindly mention the details as required at the end of the form
For full details and list of various documents admissible along with validity period, please click on the links below: KYC - For Non Individuals      KYC - For Individuals
We at DSP BlackRock always look to keep our partners updated and well informed about industry norms and regulations and we look forward to your feedback/ suggestions/ comments if any.
Mutual Fund investments are subject to market risks, read the Scheme Information Document and Statement of Additional Information carefully before investing.