Mutual funds start e-KYC for 1st-time investors

Quantum and Reliance Mutual Funds rolled out e-KYC (Know Your Customers) to first-time investors, which would enable them to complete the formalities in a paperless manner. “e-KYC will make investment simpler and faster. The new measure will attract retail investors in a big way", said Quantum Chief Executive. Other fund houses are reportedly very likely to incorporate this service soon.

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