04/05/2016
Important Regulatory requirement - FATCA
Use the below link to submit FATCA Declaration Online
Individuals: https://www.karvymfs.com/karvy/fatca-kyc.aspx
Non-Individuals (Entities): https://www.karvymfs.com/karvy/fatcakycnonindividual.aspx
Submission of - Additional information required under Foreign Account Tax Compliance Act [FATCA], Common Reporting Standards [CRS], UBO Declaration & Supplementary KYC information
The following disclosures have now become mandatory.
AMFI through its circulars dated September 18, 2015 directed the AMCs to adhere to the following requirements from November 1, 2015:
All new investors to provide additional KYC details - Income slab, Occupation, Net worth, Politically Exposed Status, etc.,
All new non-Individual investors to provide the Ultimate Beneficial Ownership (UBO) details
All investors to submit FATCA/CRS declaration while opening account from 1st November 2015 and also for all the new accounts opened after 1st July 2014 to 31st October 2015
Similarly, from 1st January 2016 all Mutual Funds have been advised to make it mandatory for existing investors to:
Provide additional KYC details as mentioned above in order to make additional purchases (including switch) in their MF accounts
Provide missing details and complete IPV (In-Person Verification) for all CVL-MF cases
Update the Ultimate Beneficial Ownership (UBO) details in their existing accounts
For investor convenience, Karvy Computershare is collecting this mandatory information for updating across all participating Karvy Serviced Mutual Funds where you are already an investor or would become an investor in future. This information is required for all the holders.
