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If you wish to invest Rs.50,000/- or more into any mutual fund, you would now, under the KYC policy, be required to complete a KYC form, and submit proof of identity and residence. On completion of this form, you would be assigned a MIN (Mutual Fund Identification Number), which you can use across all mutual funds for all your transactions as proof that you have complied with KYC disclosure norms. The KYC form and MIN allotment therefore is a one-time activity that you would need to complete.
To make the data capture and document submission convenient to you, CDSL Ventures Ltd has been appointed by the mutual fund industry as the Central Agency to verify and maintain records of all investors.
Investors who have obtained the MIN can invest in the schemes of the mutual fund by quoting the MIN in lieu of submitting information and documents required under AML Laws.

When is MIN required?

It is mandatory to quote the MIN every time a fresh purchase is made in Mutual Funds for value Rs.50,000 or more. The MIN will be validated with the records of the Central Agency before allotting units. Applications for the said value without a valid MIN may be rejected. This minimum threshold for quoting the MIN is subject to change and the AMC reserves the right to prescribe a lower threshold.
How to apply for MIN?Investors (individuals / non-individuals) can apply and procure MIN (a unique number) by filling up a simple application form and meeting certain mandatory requirements establishing their identity and address. Enclosed herewith is the application form, which also provides the list of documentation required, for your use. You may also download the MIN application form from our website www.sundarambnpparibas.in or from www.amfiindia.com. A list of documents, which will be accepted as proof of identity and address, is mentioned in the form
You can submit these documents at our Investor Service Centers (ISCs) or designated ‘Points of Service (PoS)’. A complete list of PoS is available on the above-mentioned websites. A provisional MIN will be allotted across the counter. Subsequently, the central agency will scrutinize the information and documents and confirm the MIN. Should there be any discrepancies, the MIN may be cancelled within 15 working days from the date of allotment of the provisional MIN and the investor will be informed immediately.