How to re-KYC for mutual funds (upgrade Registered to Validated)
Re-KYC means upgrading a Registered KYC (from Aadhaar OTP eKYC, with Rs 50,000 per AMC per FY limit) to a Validated KYC (full status, no limits). This is required when an investor outgrows the OTP-based onboarding limit or when refresh cycles trigger.
Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any KRA, AMC, RTA, or service provider. No affiliate commission is earned from KYC services.
Step-by-step procedure
See the procedure infobox above.
Why Validated KYC matters
Aadhaar OTP eKYC is convenient but limited. The Rs 50,000 cap (per AMC per FY) is per AMC, not aggregate, so you can technically invest in many AMCs to scale up. But for serious investors with a single AMC of choice, the cap binds quickly.
Validated KYC removes all transaction-amount caps.
Periodic refresh requirement
AMFI’s Best Practice Guidelines on KYC periodic review suggest a refresh cycle of 5 years for low-risk investors, 2 years for medium-risk, and annual for high-risk (politically exposed persons, high-value investors). The refresh involves re-confirming address, identity, and current contact details.
For most retail investors, the 5-year cycle is the relevant one. Calendar a re-KYC every 5 years if you remain on Registered KYC.
What’s preserved vs reset
| Item | Behaviour |
|---|---|
| KYC reference number | Preserved at KRA |
| Folio history | Preserved at all AMCs |
| Investment limit | Reset (no limit after Validated) |
| Cost basis records | Preserved at RTAs |
| SIP mandates | Preserved (no need to recreate) |
Cascade timeline
- Video KYC at KRA portal: T+1 working day to Validated status.
- IPV at service centre: 3-5 working days.
- AMC folio recognition: 1-2 working days after KRA update.
See also
- How to complete MF KYC via Aadhaar OTP
- How to do video KYC for mutual funds
- How to complete IPV KYC for mutual funds
- How to check KYC status at CAMS/KFin
- How to fix KYC on hold or rejected
- How to do KYC modification at CAMS/KFin
- How to do CKYC verification (MF)
- How to complete PPFAS video KYC
- How to update mobile on MF KYC
- How to update email on MF KYC
- How to update name on MF KYC
- How to update KYC address (MF)
- How to update bank mandate on MF folio
- How to link PAN to Aadhaar (MF context)
- KRA (KYC Registration Agency)
- CKYC (Central KYC)
- Validated KYC status
- Registered KYC status
- CAMS
- KFin Technologies
- MFU India
- PAN (Permanent Account Number)
- Aadhaar
- Mutual funds in India
- AMFI
- SEBI
External references
References
- SEBI Master Circular for KYC dated 12 October 2023 (SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2023/171).
- SEBI (KYC Registration Agency) Regulations, 2011.
- AMFI Best Practice Guidelines on periodic KYC refresh.
- UIDAI Aadhaar limited eKYC (OTP) framework.