Documents Required to Buy a Mutual Fund

The list of documents required for mutual fund investments are mentioned below:

1. PAN Card

1. Required as identity proof for mutual fund investments.

1. PAN is not mandatory for micro-investments under Rs.50,000 per year (with valid alternate ID).

1. As per government rules, it must be linked to Aadhaar.

2. Aadhaar Card

1. Serves as proof of both identity and address.

1. Enables e-KYC with a Rs.50,000 per annum investment limit per AMC.

1. Higher investments require in-person verification (IPV).

3. Proof of Address

The following is the list of address proof required for mutual fund investment: 

1. Aadhaar Card

1. Passport

1. Voter ID

1. Driving License

1. Utility bills (not older than three months)

1. Bank statement or passbook with updated address

1. Rent agreement (if applicable)

4. Bank Account Details

Bank account details are needed for SIPs, withdrawals, and dividend payouts.  Submit any of the below-mentioned documents to invest in mutual funds:

1. Cancelled cheque with your name

1. Recent bank statement or passbook

1. IFSC and MICR codes

5. KYC Documents

The list of KYC (Know Your Customer) documents required for mutual fund investments are mentioned below:

1. Mandatory for all investors in India.

1. Requires ID and address verification.

1. 2025 updates include:
   1. CKYC: Centralized system to avoid multiple verifications.
   2. Video KYC (VKYC): Online verification via video call.

6. FATCA Declaration

FATCA stands for the Foreign Account Tax Compliance Act. It is a U.S. law enacted in 2010 with the primary goal of preventing tax evasion by U.S. taxpayers through the use of foreign financial accounts. FATCA declaration is required for individuals who hpld tax residency abroad.

The following are the details needed:

1. Country of tax residence

1. Taxpayer Identification Number (TIN)

1. Declaration of non-residency, if applicable

7. Nominee Details

The list of nominee details required for mutual fund investments:

1. Ensures easy transfer of funds in case of the investor’s demise. Information required:

1. Nominee’s name and date of birth (if minor)

1. Relationship with the investor

1. Guardian’s details (for minor nominees)

8. Documents for Minors

When investing on behalf of a minor, the following is the list of documents required for mutual fund investment:

1. Minor’s Aadhaar or birth certificate

1. Guardian’s PAN card

1. Proof of relationship

1. Guardian’s KYC compliance

9. Documents for NRIs

Non-Resident Indians must provide the following list of documents to invest in mutual fund:

1. Passport with valid visa

1. Overseas address proof

1. Indian address proof (if available)

1. Inward remittance certificate

1. FATCA declaration

10. Corporate or Trust Investments

Entities like companies or trusts must submit:

1. Memorandum and Articles of Association or Trust Deed

1. Board resolution for investment authority

1. List of authorized signatories

1. KYC documents of the signatories

Key Updates on Documents Required for Mutual Fund Investment

The updates on documents required for mutual fund investment as of 2025 are listed below:

1. CKYC Integration:
   1. Investors with completed CKYC (Central KYC) need not re-submit KYC documents for mutual fund investments across different Asset Management Companies (AMCs). Investors must ensure that their CKYC details are current.

1. Streamlined Video KYC:
   1. The Video KYC process has been enhanced to allow completion in under 15 minutes. Applicants must ensure that they have a stable internet connection and have all their documents ready for verification.

1. Aadhaar-PAN Linking Requirement Removed:
   1. SEBI has withdrawn the mandate to link Aadhaar with PAN for obtaining 'KYC registered' status for mutual fund transactions.

1. Simplified Nominee Registration:
   1. To reduce duplication and enhance ease of investment, a one-time nominee registration process has been introduced for all mutual fund folios.