October 28, 2010 7:27 pm
Does anyone know how important is KYC compliance ?
If some one has invested some money , but he is KYC non-compliant , how troublesome is it ?
Is it illegal ?
I don’t think it is troublesome. I have invested in some funds which are not KYC. Also i invest only via sharekhan, in that too i was not KYC complaint. However after 1st Oct, I was not able to buy any new funds due to this but i can sell off my existing funds. I had to get the KYC form filled and send it to them and they activated my account.
Thanks for the answer 🙂
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