Uniform KYC Proposal Aims To Streamline Mutual Fund Onboarding

Sebi outlined a plan to standardize KYC processes across mutual fund folios, seeking faster investor onboarding and cleaner records. The framework targets reduction of unclaimed amounts and errors arising from inconsistent data capture across intermediaries. Asset managers and registrars would align documentation, verification checkpoints, and digital workflows to a single norm. Industry participants expect lower friction for first-time investors and quicker remediation of discrepancies. Implementation specifics, including transition timelines and system integration guidelines, remain under discussion with stakeholders.