India’s Securities and Exchange Board (SEBI) proposed a uniform KYC-verified system for mutual fund folio creation to eliminate record discrepancies and simplify investor onboarding across AMCs. The proposal aims to link folio data through centralized registrars, enhancing transparency and reducing duplicate accounts. Public feedback is open until November 14, after which final guidelines will be issued. Industry experts said the initiative could streamline KYC compliance and support India’s financial digitization push while improving investor protection.