Know your (KYC)
To comply with regulatory provisions under the Prevention of Money Laundering Act 2002, ‘Know Your Client (KYC)' formalities are required to be completed for all Investors in mutual funds, including SBI Mutual Fund. From 1st February 2008, investors investing Rs.50,000 or more will have to comply with KYC norms Investors have to provide the relevant documents and information ONLY ONCE for complying with KYC. After that investors could invest in the schemes of all mutual funds by merely attaching a copy of the KYC acknowledgement slip with the application form / transaction slip when investing for the first time in every folio (Post KYC) in each Mutual Fund, without the necessity to submit the KYC documents again This facility is being provided absolutely FREE OF COST to the investors.
 

Two separate forms have been created in this regard – for individual (click here to download the form) and non-individual (click here to download the form) investors respectively.

Investors could complete the formalities by submitting the KYC form and relevant documents at the Points of Services (POS).
(Click here to download the list of POS)

The application form for complying with KYC will be available from these POS. Investors will have to provide following documents in order to be
KYC Compliant:
  For all investors (individual or non-individual) who have already obtained MIN (Mutual Fund Identification Number) and if the PAN is mentioned in the MIN acknowledgment, need not submit the documents again for KYC compliance. However if the MIN acknowledgement letter does not contain the PAN, then the investors approaching them to write a letter to CVL at the below mentioned address providing MIN allotted and enclosing their PAN card copy. CVL would incorporate PAN in the client details and generate a new acknowledgement letter, mentioning PAN of the client, which would be sent to the client's correspondence address by CVL.