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What is CKYC?

Wednesday, May 10, 2017, 11:18 AM

To get away with the hassle of repeatedly complying with KYC requirements for customers of mutual funds, central know Your Customer (CKYC) is in place. The process requires updation of KYC details of investors by mutual fund players in order to centralize it. Now for multiple investments i.e. investments into different mutual funds shall not require repetition of the KYC process.
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