The online KYC process is different for (i) already KYC-compliant customers and those who are (ii) not already-KYC compliant, i.e., are first-time investors.
(i) Process for already-KYC compliant customers (existing mutual fund investors)
If you are an existing mutual fund investor, your KYC can be completed quite quickly. All you have to do is enter your PAN details, and your profile will be pulled out from the centralised repository of KYC records, created and maintained under the guidance of SEBI.
(ii) Process for customers who are not already-KYC compliant (first time mutual fund investors)
In this case also, the process if very simple and user-friendly. Savvy will prompt and guide you at every stage through this process.
You will have to provide a photograph of your PAN card, an address proof, a photograph and your signature. All these have to be provided online – you just have to click a picture of these documents and submit.
That’s it! You are ready to start investing!