Know Your Client

To comply with regulatory provisions under the Prevention of Money Laundering Act 2002, ‘Know Your Client (KYC)’ formalities are required to be completed for all Investors in mutual funds, including Fortis Mutual Fund. From 1st February 2008, investors investing INR 50,000 or more will have to comply with KYC norms. Investors have to provide the relevant documents and information ONLY ONCE for complying with KYC. After that, investors can invest in the schemes of all mutual funds by merely attaching a copy of the KYC acknowledgement slip with the application form / transaction slip.