Invest In Tax Saving Mutual Funds Online
Sebi's know your customer rules aim to prevent scams, money laundering and flow of terror funds into markets
As an investor when you go to any mutual fund or a broker, register with a bank as a customer, buy insurance policy or subscribe to a pension plan, you need to prove your identity, the genuineness of the identity that you present to them, and also the cleanliness of the money you are investing or keeping in the bank. This process is called know your client compliance, or KYC. This is a process that almost every individual investor, or a bank customer should comply with to have a smooth financial journey.
KYC compliance is gaining increasing importance globally too. This is because KYC compliance aims to prevent money laundering, diverting of money from terrorists into the financial market and the reverse flow, that is terrorists investing in the market to reap handsome gains that they could use for unlawful activities, and also to stop financial frauds, scams, etc. "To become KYC compliant, you need to prove your identity and your address in the eyes of the law," said a top official at a leading domestic mutual fund house.
In this article, we will deal with the process that an individual investor should follow to be KYC compliant under the ambit of Sebi, the stock market and mutual fund regulator; how and where to get yourself KYC complaint; the advantages and disadvantages of not having a KYC; how to update or change your KYC information, and the problems you may face if your KYC information is not updated.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
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