Step 5: You will receive the OTP (One time password) on registered mobile no. and email id both. Enter the OTP and submit.

Step 7:- After submitting the information you will receive a message as shown in below image. 

Step 4: After selecting AMC, fill your PAN number, Date of Birth and bank account no. registered in the folio and click on the generate OTP option. You will receive an OTP on the mobile no. registered with respective AMC.

This means the KYC is successfully updated and you do not need to update the same at other AMC’s serviced by CAMS. However the same process has to be repeated if you have investment with AMC’s which are serviced through KARVY or investment with Franklin Templeton. This can be done by visiting Karvy website here and Franklin Templeton website here. 
 
Note: If you are not able to update the details online, we suggest you to download the form and submit it at respective offices. Please make sure the process is completed before 1st January 2016, else you will not be able to transact (except redemption). You can also contact your advisor who will help you in updating your KYC status.

Step 2:- On the next page, at bottom you will find an option to submit information online. Click on the option to proceed further:-

Recently AMFI (Association of Mutual Funds in India) through its circular dated September 18, 2015 directed the AMC (Asset Management Companies) to gather the mandatory required information from all new and old investors.  This is due to the FATCA (Foreign Account Tax Compliance Act) which was passed by US government to find if any black money is held by US citizen outside their country. Also, recently India and USA signed a bilateral deal to track assets which nationals of either country hold in the other nation without reporting it to local tax authorities. As a result in India, Trusts or Individual investors who are NRI and US citizen have to disclose all the details to the tax office. 
 
The information required for new customers is as under:- 

1. All new investors to provide additional KYC details such as Income Slab, Occupation, Net Worth, Politically Exposed Status, etc.
2. All new Non – Individual investors to provide the Ultimate Beneficial Ownership (UBO) details.
3. All investors to submit FATCA (Foreign Account Tax Compliance Act) declaration while opening account on or after 1st November 2015.

Similarly, existing customers have to provide below information latest by 1st January 2016, failing to which except redemption no transaction will be allowed. Existing Investors have to: 

1. Provide additional KYC details such as Income Slab, Occupation, Net Worth, Politically Exposed Status, etc.
2. Provide missing details and complete IPV (In Person Verification) for all MF cases.
3. Update the Ultimate Beneficial Ownership (UBO) details in their existing accounts.  

How to update the KYC? (Only for existing customers) 
There are two ways through which an existing investor can update KYC details, which are:-

1. Download the declaration form, (Karvy form and CAMS Form) fill and submit at the nearest CAMS or Karvy branch. 
2. Investors can also update the details online through CAMS, Karvy, or respective Mutual Fund website. The process of updating through CAMS website is explained below:-   

​Step 1:- Go to www.camsonline.com and click on highlighted figure on right side, as shown in below image.

Step 6: After submitting, the form will be visible on the bottom of the same page. Fill the mandatory information, click on the declaration as shown in the below image and then click on submit button.

​Step 3:- You can select the respective AMC in which you hold investments which is serviced by CAMS.