Ridding a MIN(e) of hassles... Mutually!

IIPM PUBLICATION
The Association of Mutual Funds of India (AMFI) recently launched the much awaited unique Mutual fund Identifi cation Number (MIN). Investors that have obtained the MIN by submitting their documents once, can get invested with any mutual fund offerings using the MIN. This will save consumers from reproducing their documents to fulfil the 'Know your Customer' norms under the SEBI guidelines, every time they approach a new fund house which will be valid for a lifetime. Those investing Rs.50,000 or more will have to obtain MIN effective from January 1, 2007. MIN which will be free of cost will be provided by CDSL Ventures Limited will keep the records for the investors.

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative