“KNOW YOUR CUSTOMER” AND MUTUAL FUND IDENTIFICATION NUMBER (“MIN”)
Prevention of Money Laundering Act, 2002 and Know Your Customer(KYC):
Pursuant to the enactment of Prevention of Money Laundering Act, 2002, effective, July 2005 and the subsequent circulars issued by SEBI, all Mutual Funds are required to implement a policy as per the guidelines of Anti Money Laundering measures and adopt the KYC policy. In terms of KYC policy, existing investors are required to provide certain additional mandatory information such as photograph, proof of identity, address, source of income, etc. JM Financial Mutual Fund has to abide by the KYC guidelines latest by 1st January, 2007.
In this connection, we request you to fill up the relevant details in the KYC form and send the same along with the required documents to our Registrar & Transfer Agent i.e, M/s Karvy Computershare Pvt. Ltd., Karvy Plaza, H. No. 8-2-596, Avenue 4, Street No 1,Banjara Hills Hyderabad 500034, Andhra Pradesh, immediately or to any of our Investor Service Centres.
Please note that the details as mentioned in the enclosed form shall be noted in our records superseding the earlier details.
The KYC form is to be filled and signed by all the joint holders.
We seek your co-operation in furnishing us the required details and proofs as mentioned above. Kindly contact our nearest Branch or Distributor or you can email us at investor@jmfinancial.in for any clarifications
Mutual Fund Identification Number ('MIN")
Keeping in mind investor convenience, Mutual Funds have come together to provide a common platform for facilitating the KYC process. An Investor will have to obtain a Mutual Fund Identification Number (“MIN”) through this platform after completion of the verification process relating to proof of identity and proof of address. This MIN can be quoted while transacting with any Mutual Fund.
Accordingly the Mutual Fund Industry has entrusted this responsibility of collection of documents relating to identity, address and record keeping to CDSL Ventures Limited that will act as central record keeping agency ("Central Agency"). As a token of having verified the identity and address and for efficient retrieval of records, the Central Agency will issue a MIN to each investor who submits an application and the prescribed documents to the Central Agency.
Investors who have obtained the MIN can invest in the schemes of the mutual fund by quoting the MIN in lieu of submitting information and documents required under AML Laws.
Investors who wish to obtain a MIN have to submit a completed Application Form for MIN ("MIN Form") along with all the prescribed documents listed in the MIN Form, at any of the Point of Service (POS). The MIN Form is available at our website (www.JMFinancialmf.com) and AMFI's website (www.amfiindia.com). POS are the designated centres appointed by the Central Agency for receiving application forms, processing data and allotment of MIN. List and locations of POS is available at our website and AMFI's website.
Presently, it is mandatory for all applications for subscription of value of Rs.50,000/- and above to quote the MIN of all the applicants (guardian in case of minor) in the application for subscription. Applications for subscriptions of value of Rs.50,000/- and above without a valid MIN may be rejected.
Unitholders may note that if they have already applied for a Mutual Fund Identification Number (MIN), they need not re-apply for a MIN. The MIN allotted to you is one time, unique and can be used for transacting across Mutual Funds.
For further details, please contact our Investor Service Centres/POS/AMFI certified Distributors.