NISM-Series V-A: Mutual Fund Certification Exam Notes
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PAN Exempt limit of Rs 50,000 is per mutual fund per FY per Investor including Micro-SIP
Central Registry of Securitisation and Asset Reconstruction and Security Interest of India (CERSAI) acts as Central KYC Record Registry under the PML Rules 2005 and its functions are receiving, storing, safeguarding and retrieving the KYC records in digital form of all the clients in the financial sector
After the successful completion of cKYC (Central KYC) process, an investor is allotted a 14 digit KYC Identification Number (KIN) by CERSAI.
e-KYC service of UIDAI - Investors to authorise the transaction through OTP send by Unique Identification Authority of India (UIDAI) to the mobile number linked with Aadhar. However only investments upto Rs 50,000 can be done through e-KYC
KYC template finalised by CERSAI must be used by the registered intermediaries
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