How to do video KYC for mutual funds (KRA / AMC route)
Video KYC (also called V-CIP, Video Customer Identification Process) is a SEBI-approved method for completing mutual fund KYC remotely. Unlike Aadhaar OTP eKYC (which is OTP-only and limits investments to Rs 50,000 per AMC per year), video KYC produces a full Validated KYC status with no transaction limits.
Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any KRA, AMC, MFU, or video-KYC service provider. No affiliate commission is earned from KYC services.
Step-by-step procedure
See the procedure infobox above.
Why video KYC vs Aadhaar OTP
| Aspect | Aadhaar OTP eKYC | Video KYC (V-CIP) |
|---|---|---|
| Investment limit | Rs 50,000 per AMC per FY | No limit |
| Time | 5 minutes | 30 minutes |
| Identity proof | OTP only | OTP + live video + document visual |
| KYC status | Registered | Validated |
| Output | Modified KYC | Full KYC, all categories |
Video KYC is the standard for serious investors who plan annual investments above Rs 50k per AMC.
V-CIP regulatory framework
SEBI’s master KYC circular (October 2023) and RBI’s V-CIP guidelines (January 2020, updated periodically) authorise video-based KYC as equivalent to in-person verification (IPV). The framework requires:
- Live video call with a trained KYC officer (not a recorded video).
- Geo-fencing: GPS proves you are in India (NRI video KYC has separate provisions).
- Document visual capture: PAN and Aadhaar shown clearly on camera.
- Aadhaar OTP cross-verification during the call.
- Verbal consent on camera.
Typical AMCs / providers offering V-CIP
- PPFAS Mutual Fund (well-documented V-CIP, used as benchmark).
- Quant Mutual Fund .
- HDFC Mutual Fund , SBI Mutual Fund , ICICI Prudential Mutual Fund , and most large AMCs via their direct portals.
- MFU India for cross-AMC video KYC.
- CAMSKRA and KFinKRA for standalone V-CIP that registers at KRA.
Cascade to all AMCs
Video KYC completed at any of CAMSKRA, KFinKRA, CVL KRA, NDML KRA, or BSE KRA produces a Validated KYC at the KRA level. All AMCs in the AMFI ecosystem then recognise the Validated status and permit transactions without any per-AMC limit.
See also
- How to complete MF KYC via Aadhaar OTP
- How to complete PPFAS video KYC
- How to do CKYC verification (MF)
- How to check KYC status at CAMS/KFin
- How to re-KYC for mutual funds
- How to fix KYC on hold or rejected
- How to do KYC modification at CAMS/KFin
- How to update mobile on MF KYC
- How to update KYC address (MF)
- How to link PAN to Aadhaar (MF context)
- KRA (KYC Registration Agency)
- CKYC (Central KYC)
- CAMS
- KFin Technologies
- MFU India
- PPFAS Mutual Fund
- Aadhaar
- PAN (Permanent Account Number)
- UIDAI
- SEBI (Mutual Funds) Regulations 1996
- SEBI
- AMFI
- Mutual funds in India
- Consolidated Account Statement
External references
- SEBI Master Circular for KYC (October 2023)
- RBI V-CIP guidelines
- UIDAI
- AMFI India
- PPFAS Mutual Fund V-CIP
- MFU India
References
- SEBI Master Circular for KYC dated 12 October 2023 (SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2023/171).
- RBI Master Direction on KYC, V-CIP provisions.
- AMFI Best Practice Guidelines on video-based identification.
- UIDAI Aadhaar authentication documentation.