Mutual Fund investors alert! Your transaction will be blocked if you don't do this by March 31. Here's why?

livemint.com:

Mutual fund registrar and transfer agents (RTAs) CAMS and KFintech are urging MF investors via email to ensure they comply with this essential requirement. According to Ashish Aggarwal, Director, Acube Ventures, non-compliance could mean a sudden halt to the crucial transactions of SIPs, SWPs, and redemptions from April 1. This RE-KYC is a regulatory need, in the sense that it is SEBI's master circular on norms of KYC and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, said Aggarwal.

Mutual fund investors who haven't completed their KYC using officially valid documents must do so by March 31. Valid documents include an Aadhaar card, passport, and voter ID card. “Investors are advised to pay attention to this vital task, which aims to ensure continuous trading to put the funds they have accrued and the plans that they have made to safety.

Indeed, some sweat today allows you to rest assured that the path for you to a profitable and worry-free investment lies ahead," said Ashish Aggarwal. Documents considered as officially valid, requiring re-KYC, comprise identity cards issued by central or state governments, letters from gazetted officers, utility bills, property or municipal tax receipts, bank account or post office account statements, as well as pension or family pension payment orders, Mint reported. On processing the KYC data, the updated KYC information is displayed on all mutual fund-linked equities of the investor to which their PAN is linked.