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Wednesday, November 19, 2025 , BSE Sensex : 85,046.68 85,046.68(0.44%) , Adani Ports : 1,485.00 1,485.00(-0.67%) , Asian Paints : 2,904.05 2,904.05(-0.05%) , Axis Bank : 1,269.00 1,269.00(0.30%) , Bajaj Finance : 1,009.10 1,009.10(-0.44%) , Bajaj Finserv : 2,042.50 2,042.50(-0.39%) , Bharat Electron : 421.25 421.25(0.10%) , Bharti Airtel : 2,152.50 2,152.50(0.12%) , Eternal Ltd : 306.95 306.95(0.34%) , HCL Technologies : 1,664.85 1,664.85(4.40%) , HDFC Bank : 988.15 988.15(-0.35%) , Hind. Unilever : 2,449.50 2,449.50(1.91%) , ICICI Bank : 1,380.45 1,380.45(0.62%) , Infosys : 1,535.00 1,535.00(3.32%) , ITC : 403.70 403.70(-0.51%) , Kotak Mah. Bank : 2,102.50 2,102.50(0.51%) , Larsen & Toubro : 4,016.10 4,016.10(0.43%) , M & M : 3,731.35 3,731.35(0.95%) , Maruti Suzuki : 15,777.50 15,777.50(-0.95%) , NTPC : 325.75 325.75(-0.85%) , Power Grid Corpn : 275.00 275.00(0.29%) , Reliance Industr : 1,518.95 1,518.95(-0.05%) , SBI : 979.40 979.40(0.70%) , Sun Pharma.Inds. : 1,777.80 1,777.80(1.03%) , Tata Motors PVeh : 362.75 362.75(-2.29%) , Tata Steel : 173.35 173.35(0.55%) , TCS : 3,147.70 3,147.70(2.01%) , Tech Mahindra : 1,440.30 1,440.30(1.35%) , Titan Company : 3,915.00 3,915.00(0.82%) , Trent : 4,372.00 4,372.00(0.01%) , UltraTech Cem. : 11,691.00 11,691.00(-0.13%) ,

Nifty 50 : 26,019.20 109.15(0.42%) , Adani Enterp. : 2,439.50 2.70(0.11%) , Adani Ports : 1,486.50 -8.50(-0.57%) , Apollo Hospitals : 7,468.50 83.00(1.12%) , Asian Paints : 2,906.00 0.00(0.00%) , Axis Bank : 1,272.10 6.70(0.53%) , Bajaj Auto : 8,930.00 9.00(0.10%) , Bajaj Finance : 1,008.40 -5.20(-0.51%) , Bajaj Finserv : 2,045.40 -4.80(-0.23%) , Bharat Electron : 421.25 0.35(0.08%) , Bharti Airtel : 2,151.80 2.60(0.12%) , Cipla : 1,526.30 11.80(0.78%) , Coal India : 380.90 -3.05(-0.79%) , Dr Reddy's Labs : 1,245.00 1.20(0.10%) , Eicher Motors : 6,819.00 4.50(0.07%) , Eternal Ltd : 306.85 0.70(0.23%) , Grasim Inds : 2,760.00 -2.00(-0.07%) , HCL Technologies : 1,660.50 65.30(4.09%) , HDFC Bank : 987.65 -4.80(-0.48%) , HDFC Life Insur. : 759.80 -2.00(-0.26%) , Hind. Unilever : 2,440.10 36.10(1.50%) , Hindalco Inds. : 794.65 -2.50(-0.31%) , ICICI Bank : 1,380.50 7.10(0.52%) , Infosys : 1,533.70 47.30(3.18%) , Interglobe Aviat : 5,742.00 2.50(0.04%) , ITC : 403.70 -2.15(-0.53%) , Jio Financial : 305.20 -0.75(-0.25%) , JSW Steel : 1,167.80 4.80(0.41%) , Kotak Mah. Bank : 2,103.10 10.00(0.48%) , Larsen & Toubro : 4,015.40 15.80(0.40%) , M & M : 3,738.50 43.70(1.18%) , Maruti Suzuki : 15,788.00 -142.00(-0.89%) , Max Healthcare : 1,164.70 48.00(4.30%) , Nestle India : 1,275.50 10.40(0.82%) , NTPC : 325.90 -2.55(-0.78%) , O N G C : 249.25 2.30(0.93%) , Power Grid Corpn : 275.45 1.25(0.46%) , Reliance Industr : 1,519.30 -0.10(-0.01%) , SBI : 979.35 6.90(0.71%) , SBI Life Insuran : 2,004.60 11.30(0.57%) , Shriram Finance : 824.70 4.50(0.55%) , Sun Pharma.Inds. : 1,781.80 23.00(1.31%) , Tata Consumer : 1,161.10 7.00(0.61%) , Tata Motors PVeh : 363.20 -8.10(-2.18%) , Tata Steel : 173.30 0.85(0.49%) , TCS : 3,141.80 54.70(1.77%) , Tech Mahindra : 1,442.30 20.30(1.43%) , Titan Company : 3,914.00 34.80(0.90%) , Trent : 4,368.30 -5.70(-0.13%) , UltraTech Cem. : 11,702.00 -5.00(-0.04%) , Wipro : 246.01 5.11(2.12%) , Wednesday, November 19, 2025

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28-Oct-2025     14:46
SEBI issues proposal to standardize mutual fund KYC and folio opening norms

In a recently released draft circular, the Securities and Exchange Board of India (SEBI) has proposed a uniform procedure for opening new mutual fund folios and executing the first investment.

The purpose of introducing this uniform procedure is to address issues faced by investors and fund houses due to incomplete know your client (KYC) verification.

Under the new proposed rules, mutual fund investors can only start making transactions after their Know Your Customer (KYC) verification is fully completed and confirmed by the KYC Registration Agency (KRA).

Specifically, their investment accounts (folios) must be marked as compliant in the KRA's system.

This change is designed to eliminate errors and discrepancies that occur under the current system, where asset management companies (AMCs) sometimes open folios before the KRA's final review is finished.

Currently, asset management companies (AMCs), perform their own internal 'Know Your Customer' (KYC) checks and allow investors to proceed with transactions, even as the investor documents are sent to the KYC Registration Agency (KRA) for a final check.

If the KRA later finds any discrepancies or deficiencies, the investment account (folio) is flagged as non-compliant, often resulting in significant delays and transaction blockages for the investor.

The market regulator, SEBI, notes that these operational lapses have created substantial practical difficulties. Investors face the frustration of being unable to transact or redeem their investments.

Meanwhile, fund houses encounter hurdles when trying to communicate with unitholders, or when attempting to credit redemption proceeds and dividends due to incorrect or incomplete information.

Ultimately, these ongoing operational issues have also been a factor in the rise of unclaimed investor funds.

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