Individual & Non-Individual KYC
What is KYC?
KYC stands for Know Your Client, a term commonly used for client identification process. SEBI has prescribed certain requirements relating to KYC norms for financial institutions & financial intermediaries including Mutual Funds to know their clients. This would be in the form of identity & address, providing information of financial status, occupation & other demographic information. All investors, whether Individual or Non-Individual, investing in Mutual Funds are required to be KYC compliant in order to execute financial transactions in Mutual Fund Folios. As a Mutual Fund Distributor, it is our role to provide & guide investors in completing the KYC process. Individual includes KYC done for personal accounts, whereas Non-Individual includes Sole Proprietorship, HUF, Partnership Firm, Private Limited Company, Public Limited Company, Society, Trusts, Limited Liability Partnership, Association of Persons or Body of Individuals, Liquidator, Public Sector Banks, Central or State Govt Departments, Artificial Juridical Person, International Organisation, or Foreign Embassy etc.
Steps to Check Your KYC Status:
1. Visit www.cvlkra.com & click on KYC Inquiry
2. Enter your 10-digit PAN & Captcha & click Submit
3. Your KYC status will be displayed as KYC VALIDATED / KYC REGISTERED / KYC ON HOLD
What Does Each KYC Status Imply?
1. KYC VALIDATED: Relax! You have to do nothing. You can do any transaction in any Mutual Fund, anytime.
2. KYC REGISTERED: You can continue making transactions (Purchases, Redemptions, Switches, SIPs, etc.) in all your existing Mutual Fund investments without any hassle. You need to do KYC again if you want to invest in a Mutual Fund where you don’t have any investment. You can get your KYC status changed to KYC VALIDATED by completing KYC. Once KYC is done, you can invest in any Mutual Fund of your choice.
3. KYC ON HOLD / REJECTED: This could be due to Mobile or Email not validated, PAN not linked to Aadhaar, or deficiencies in KYC documents. Simply redo KYC to update your status to KYC VALIDATED.
For any KYC related queries, reach out to us at 8490860099 or support@investorpoint.co.in. We will be happy to assist you.
What is KYC?
KYC stands for Know Your Client, a term commonly used for client identification process. SEBI has prescribed certain requirements relating to KYC norms for financial institutions & financial intermediaries including Mutual Funds to know their clients. This would be in the form of identity & address, providing information of financial status, occupation & other demographic information. All investors, whether Individual or Non-Individual, investing in Mutual Funds are required to be KYC compliant in order to execute financial transactions in Mutual Fund Folios. As a Mutual Fund Distributor, it is our role to provide & guide investors in completing the KYC process. Individual includes KYC done for personal accounts, whereas Non-Individual includes Sole Proprietorship, HUF, Partnership Firm, Private Limited Company, Public Limited Company, Society, Trusts, Limited Liability Partnership, Association of Persons or Body of Individuals, Liquidator, Public Sector Banks, Central or State Govt Departments, Artificial Juridical Person, International Organisation, or Foreign Embassy etc.
Steps to Check Your KYC Status:
1. Visit www.cvlkra.com & click on KYC Inquiry
2. Enter your 10-digit PAN & Captcha & click Submit
3. Your KYC status will be displayed as KYC VALIDATED / KYC REGISTERED / KYC ON HOLD
What Does Each KYC Status Imply?
1. KYC VALIDATED: Relax! You have to do nothing. You can do any transaction in any Mutual Fund, anytime.
2. KYC REGISTERED: You can continue making transactions (Purchases, Redemptions, Switches, SIPs, etc.) in all your existing Mutual Fund investments without any hassle. You need to do KYC again if you want to invest in a Mutual Fund where you don’t have any investment. You can get your KYC status changed to KYC VALIDATED by completing KYC. Once KYC is done, you can invest in any Mutual Fund of your choice.
3. KYC ON HOLD / REJECTED: This could be due to Mobile or Email not validated, PAN not linked to Aadhaar, or deficiencies in KYC documents. Simply redo KYC to update your status to KYC VALIDATED.
For any KYC related queries, reach out to us at 8490860099 or support@investorpoint.co.in. We will be happy to assist you.
Distributor’s Role
We at Investor Point Financial Services Private Limited have always believed that when it comes to investing your hard-earned money in mutual funds, always look for proper guidance from a Mutual Fund Distributor. We believe that an investor can be an expert in their own field, but it is impossible for any investor to possess expertise in every field. Here comes the important role of a Mutual Fund Distributor who, with subject expertise & deep knowledge of Mutual Fund schemes, can make Mutual Fund investing simple for investors. Investing can be complicated without a Mutual Fund Distributor.
Benefits of investing through a Mutual Fund Distributor:
1. Personalised Guidance
Proper guidance from a Mutual Fund Distributor can make a big difference. Online investors often pick schemes based on past performance and lack understanding of the scheme objectives or risks. Through a Distributor, investors get personalised guidance based on their financial goals, risk profile, and investment horizon.
2. Simplifying Key Financial Terms
Mutual Fund Distributors explain complex financial terms in simple language.
3. Making Volatility your Friend
During market volatility, distributors help investors stay calm, guide them with proper knowledge, manage emotions, and remain committed to long-term financial goals.
4. Less chance of mis-selling with MFDs
Distributors are less likely to mis-sell products as they face investors during investment and withdrawal. Investors will not continue with a Distributor who fails to meet goals.
5. Hassle-Free Process
Distributors guide through KYC, executing transactions, and after-sales support. Processes like Minor to Major, Transmission, or bank updates are easier and faster. Capital gain statements or tax packages are also provided free of cost.
6. Regularly Review Portfolio
Distributors regularly review portfolios to ensure investments align with financial goals, risk tolerance, and market conditions.
7. Subject Expertise
Mutual Fund Distributors are NISM certified experts aware of market trends, fund performance, and other critical information, giving them an edge over regular investors.
We at Investor Point Financial Services Private Limited have always believed that when it comes to investing your hard-earned money in mutual funds, always look for proper guidance from a Mutual Fund Distributor. We believe that an investor can be an expert in their own field, but it is impossible for any investor to possess expertise in every field. Here comes the important role of a Mutual Fund Distributor who, with subject expertise & deep knowledge of Mutual Fund schemes, can make Mutual Fund investing simple for investors. Investing can be complicated without a Mutual Fund Distributor.
Benefits of investing through a Mutual Fund Distributor:
1. Personalised Guidance
Proper guidance from a Mutual Fund Distributor can make a big difference. Online investors often pick schemes based on past performance and lack understanding of the scheme objectives or risks. Through a Distributor, investors get personalised guidance based on their financial goals, risk profile, and investment horizon.
2. Simplifying Key Financial Terms
Mutual Fund Distributors explain complex financial terms in simple language.
3. Making Volatility your Friend
During market volatility, distributors help investors stay calm, guide them with proper knowledge, manage emotions, and remain committed to long-term financial goals.
4. Less chance of mis-selling with MFDs
Distributors are less likely to mis-sell products as they face investors during investment and withdrawal. Investors will not continue with a Distributor who fails to meet goals.
5. Hassle-Free Process
Distributors guide through KYC, executing transactions, and after-sales support. Processes like Minor to Major, Transmission, or bank updates are easier and faster. Capital gain statements or tax packages are also provided free of cost.
6. Regularly Review Portfolio
Distributors regularly review portfolios to ensure investments align with financial goals, risk tolerance, and market conditions.
7. Subject Expertise
Mutual Fund Distributors are NISM certified experts aware of market trends, fund performance, and other critical information, giving them an edge over regular investors.
After Sales Support – We are Just a Phone Call Away
The most important part of any business is after sales support. At the time of selling, everyone makes good promises but the real test is when your client has concerns and the way you address them is important. If you address client concerns & resolve them at the earliest it leads to customer satisfaction, builds customer loyalty, positive experiences, enhances brand reputation & provides you with competitive advantage.
Mutual Fund Distributor after sales support includes reviewing investors’ portfolios regularly, helping investors with transaction executions, assisting investors in updating their KYC, bank details, nomination details, Minor to Major process, Transmission process, or any concerns raised by investors.
At Investor Point Financial Services Private Limited, we have always believed that clients’ concerns need to be addressed promptly. Our employees have one goal: deliver the best investor services. For our clients, we are just a phone call away. Clients can call, message, or mail us anytime, and we ensure their concerns are addressed at the earliest.
The most important part of any business is after sales support. At the time of selling, everyone makes good promises but the real test is when your client has concerns and the way you address them is important. If you address client concerns & resolve them at the earliest it leads to customer satisfaction, builds customer loyalty, positive experiences, enhances brand reputation & provides you with competitive advantage.
Mutual Fund Distributor after sales support includes reviewing investors’ portfolios regularly, helping investors with transaction executions, assisting investors in updating their KYC, bank details, nomination details, Minor to Major process, Transmission process, or any concerns raised by investors.
At Investor Point Financial Services Private Limited, we have always believed that clients’ concerns need to be addressed promptly. Our employees have one goal: deliver the best investor services. For our clients, we are just a phone call away. Clients can call, message, or mail us anytime, and we ensure their concerns are addressed at the earliest.
Get Easy Finance through Loan Against Securities
Need Money? No need to sell your mutual funds. Avail loan against your mutual fund investments in minutes.
What is Loan Against Securities?
Loan against securities is a type of overdraft facility where you need to pledge Shares/Mutual Funds as collateral & get a loan ranging from ₹2 Lakh to ₹10 Crores. To meet your short-term requirement without disturbing your investment, LAS is the best option.
Benefits of Loan Against Securities:
• Easy way to get finance
• Lower interest rates
• Pay interest only on what you use
• Retention of ownership
• Avoid Tax implications
Approved List of Securities include:
• Equity Shares
• Mutual Funds
• Life Insurance Policies
• National Savings Certificates
• Kisan Vikas Patra
• Bonds
Need Money? No need to sell your mutual funds. Avail loan against your mutual fund investments in minutes.
What is Loan Against Securities?
Loan against securities is a type of overdraft facility where you need to pledge Shares/Mutual Funds as collateral & get a loan ranging from ₹2 Lakh to ₹10 Crores. To meet your short-term requirement without disturbing your investment, LAS is the best option.
Benefits of Loan Against Securities:
• Easy way to get finance
• Lower interest rates
• Pay interest only on what you use
• Retention of ownership
• Avoid Tax implications
Approved List of Securities include:
• Equity Shares
• Mutual Funds
• Life Insurance Policies
• National Savings Certificates
• Kisan Vikas Patra
• Bonds
Goal Based Investing
Goal based investing is the process of identifying & drawing up a strategy to achieve your financial goals. It is said that investments started with a goal in mind are likely to be more effective than aimless or impulsive investments.
From day one of our business, we have followed a goal-based investing process. We understand client risk profile, identify the goal, decide timeline for the goal, and then identify the most suitable schemes for our investors. Further, we monitor clients’ investments at regular time intervals.
Let’s start with your goals:
• Buying a House
• Wealth Creation
• Children’s Education or Marriage
• Emergency Corpus
• Tax Planning
• Travel or Vacation
• Retirement Planning
• Regular Monthly Income
Goal based investing is the process of identifying & drawing up a strategy to achieve your financial goals. It is said that investments started with a goal in mind are likely to be more effective than aimless or impulsive investments.
From day one of our business, we have followed a goal-based investing process. We understand client risk profile, identify the goal, decide timeline for the goal, and then identify the most suitable schemes for our investors. Further, we monitor clients’ investments at regular time intervals.
Let’s start with your goals:
• Buying a House
• Wealth Creation
• Children’s Education or Marriage
• Emergency Corpus
• Tax Planning
• Travel or Vacation
• Retirement Planning
• Regular Monthly Income
View your Mutual Fund Portfolio like a PRO!
Are you finding it difficult to track your mutual fund portfolio across multiple apps? Now, no need to worry as Investor Point provides tracking & analyzing for you & your family’s portfolio in one place. Our mobile app offers a one-stop solution for tracking & analyzing all investments including family members’ portfolios.
Other features include:
• Online transactions
• Check Risk Profile
• Allows investors to plan their goals
• Asset-wise portfolio breakup
• As-on-date Portfolio statement in PDF & Excel format
• Portfolio statement with all transactions since first investment in PDF & Excel format
• Capital Gain Report in PDF & Excel format
• Dividend Report in PDF & Excel format
• SIP / STP / SWP statements
• Long-Term & Short-Term Holding statements
• Tax Package (reports in Excel format for Chartered Accountant)
• Folio master (all details according to folio)
Most importantly, the mobile app & website are completely dedicated to mutual fund portfolio tracking & analyzing. No products are sold and no ads are posted on the platform, making it secure & convenient for managing all mutual fund investments.
Are you finding it difficult to track your mutual fund portfolio across multiple apps? Now, no need to worry as Investor Point provides tracking & analyzing for you & your family’s portfolio in one place. Our mobile app offers a one-stop solution for tracking & analyzing all investments including family members’ portfolios.
Other features include:
• Online transactions
• Check Risk Profile
• Allows investors to plan their goals
• Asset-wise portfolio breakup
• As-on-date Portfolio statement in PDF & Excel format
• Portfolio statement with all transactions since first investment in PDF & Excel format
• Capital Gain Report in PDF & Excel format
• Dividend Report in PDF & Excel format
• SIP / STP / SWP statements
• Long-Term & Short-Term Holding statements
• Tax Package (reports in Excel format for Chartered Accountant)
• Folio master (all details according to folio)
Most importantly, the mobile app & website are completely dedicated to mutual fund portfolio tracking & analyzing. No products are sold and no ads are posted on the platform, making it secure & convenient for managing all mutual fund investments.
Empowering Investors
It is the Mutual Fund Distributor who simplifies key financial terms by explaining complex products in simple language. The role of an MFD is very crucial in empowering investors. MFDs can conduct Investor Awareness Programmes & webinars in association with Asset Management Companies to educate investors about Mutual Fund investing.
It is the MFDs’ role to help investors understand the basics of mutual funds, types of mutual funds, risks associated with investing in mutual funds, tax implications, and strategies associated with mutual funds. Other important concepts which MFDs need to simplify for investors include:
• Asset Allocation & Diversification
• Power of Compounding
• Rupee Cost Averaging
• Risk Profiling
• Risk & Return
• Impact of Inflation
• Goal Based Investing
At Investor Point Financial Services Private Limited, we understand the importance of financial literacy and we firmly believe that an informed investor is an empowered investor. From time to time, we conduct Investor Awareness Programmes in association with Asset Management Companies and strive to simplify mutual fund investing for our investors.
It is the Mutual Fund Distributor who simplifies key financial terms by explaining complex products in simple language. The role of an MFD is very crucial in empowering investors. MFDs can conduct Investor Awareness Programmes & webinars in association with Asset Management Companies to educate investors about Mutual Fund investing.
It is the MFDs’ role to help investors understand the basics of mutual funds, types of mutual funds, risks associated with investing in mutual funds, tax implications, and strategies associated with mutual funds. Other important concepts which MFDs need to simplify for investors include:
• Asset Allocation & Diversification
• Power of Compounding
• Rupee Cost Averaging
• Risk Profiling
• Risk & Return
• Impact of Inflation
• Goal Based Investing
At Investor Point Financial Services Private Limited, we understand the importance of financial literacy and we firmly believe that an informed investor is an empowered investor. From time to time, we conduct Investor Awareness Programmes in association with Asset Management Companies and strive to simplify mutual fund investing for our investors.
Mutual Fund for NRIs
Can NRIs invest in Mutual Funds in India? Yes, NRIs can invest in Mutual Funds in India. At Investor Point Financial Services Private Limited, we manage the Mutual Fund portfolios of many NRI investors. We guide them with everything from doing KYC, executing online transactions, and allowing them to track their portfolio.
The simple process for NRIs to invest in Mutual Funds includes:
Step 1: Open a NRI Bank Account
For investing as an NRI, you can’t use your normal savings account. You are required to open an NRI Bank account. There are two types of NRI accounts: • NRE (NON-RESIDENT EXTERNAL) ACCOUNT: For investing your foreign earnings, use NRE account. Money in this account is fully repatriable, meaning you can freely transfer the funds abroad & interest earned in this bank account is tax free in India. • NRO (NON-RESIDENT ORDINARY) ACCOUNT: For investing your Indian income, which includes rent income, dividend income, or any other income, use NRO account. Repatriation from this account is limited to USD 1 million per year. The interest earned in your NRO account is taxable in India.
Step 2: Complete your KYC
For NRIs to invest in Mutual Funds in India, KYC is a must. Before doing any investment, your KYC status should be reflected as non-resident. For NRI KYC, whether physical or digital, Investor Point will guide you. You are required to submit the following documents: • Copy of your PAN Card
• Copy of your Aadhaar Card or any other valid Indian address proof
• Overseas address proof
• Copy of your passport
• Cancelled cheque from your NRE/NRO account
Step 3: Creating Unique Client Code on NSE Mutual Fund platform
Once your NRI KYC is done, we will create your Unique Client Code (UCC) on the NSE Mutual Fund platform. Once the UCC gets activated, you can start your wealth creation journey with Investor Point.
Can NRIs invest in Mutual Funds in India? Yes, NRIs can invest in Mutual Funds in India. At Investor Point Financial Services Private Limited, we manage the Mutual Fund portfolios of many NRI investors. We guide them with everything from doing KYC, executing online transactions, and allowing them to track their portfolio.
The simple process for NRIs to invest in Mutual Funds includes:
Step 1: Open a NRI Bank Account
For investing as an NRI, you can’t use your normal savings account. You are required to open an NRI Bank account. There are two types of NRI accounts: • NRE (NON-RESIDENT EXTERNAL) ACCOUNT: For investing your foreign earnings, use NRE account. Money in this account is fully repatriable, meaning you can freely transfer the funds abroad & interest earned in this bank account is tax free in India. • NRO (NON-RESIDENT ORDINARY) ACCOUNT: For investing your Indian income, which includes rent income, dividend income, or any other income, use NRO account. Repatriation from this account is limited to USD 1 million per year. The interest earned in your NRO account is taxable in India.
Step 2: Complete your KYC
For NRIs to invest in Mutual Funds in India, KYC is a must. Before doing any investment, your KYC status should be reflected as non-resident. For NRI KYC, whether physical or digital, Investor Point will guide you. You are required to submit the following documents: • Copy of your PAN Card
• Copy of your Aadhaar Card or any other valid Indian address proof
• Overseas address proof
• Copy of your passport
• Cancelled cheque from your NRE/NRO account
Step 3: Creating Unique Client Code on NSE Mutual Fund platform
Once your NRI KYC is done, we will create your Unique Client Code (UCC) on the NSE Mutual Fund platform. Once the UCC gets activated, you can start your wealth creation journey with Investor Point.
