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CAMS Investor Services gets SEBI nod to launch KYC Registration Agency

CAMSKRA shall obtain and store KYC documents of customers from intermediaries and their authorized agents.

July 03, 2012 5:04 IST | India Infoline News Service

In its vision to harmonize the KYC process across capital market players, SEBI has accorded license to CAMS Investor Services Pvt. Ltd,  a wholly owned subsidiary of CAMS,   to serve as a KYC Registration Agency. 

The KRA initiative is aimed to eliminate duplication of KYC efforts which an investor has to undergo while dealing with multiple intermediaries like Mutual Funds, PMS, PE Funds, Brokers, Depository Participants, etc

CAMSKRA shall obtain and store KYC documents of customers from intermediaries and their authorized agents. It will facilitate reliable and quick information update to all intermediaries that avail of the services to avoid duplication of KYC process.

CAMS will bring the convenience of pan India reach through its network of service centers for administering the KYC process. CAMS has been serving the Mutual Fund investors and intermediaries for nearly two decades now. 

This powerful combination will bring speed and reliability to KYC process resulting in efficient, hassle-free  customer on-boarding.

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