How eKYC for Mutual Fund is Streamlining Compliance?
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eKYC has greatly helped Mutual Fund companies follow the rules, or "compliance," easily. Before, checking who an investor was took a lot of paper and time. Now, with eKYC for Mutual Fund, it's all done online. This makes it much faster to check if someone is who they say they are, using things like Aadhaar. This digital way helps stop bad things like money fraud because it's harder for people to pretend to be someone else. Also, eKYC keeps records digitally, so it's easy for companies to show they are following the rules. So, eKYC helps Mutual Funds meet all the rules without lots of paperwork, making everything faster and safer for everyone.
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