Revision in KYC requirements Dear Investor,
Thank you for investing with Franklin Templeton Mutual Fund. As you would be aware, mutual funds are required to formulate and implement a client identification program as well as verify and maintain records of the identity and address(es) of investors in accordance with the Prevention of Money laundering Act, 2002 ('PMLA') and SEBI guidelines. Effective January 1, 2011, in addition to the other category of investors, Know Your Customer (KYC) norms will be mandatory for all resident individual investors as well (including for the following), irrespective of the amount of transaction. i) Each of the applicants in case of application in joint names ii) POA (Power of Attorney) holder in case of investments through a POA. iii) Guardian in case of investments on behalf of a minor iv) Claimant in case of transmission of units on account of death of existing holder KYC shall be mandatory for following transactions effective January 1, 2011: a.. New / Additional Purchases b.. Switch Transactions c.. New SIP Registrations (including SIP related products) d.. New STP Registrations (including STP related products like trigger facilities) e.. New DTP Registrations (including DTP related products) CDSL Ventures Limited (“CVL”) has been appointed by all mutual funds, including Franklin Templeton Mutual Fund, to complete KYC and PAN verification formalities together on their behalf, hence investors need to submit their details only once for completion of these formalities across all mutual funds. Investors are therefore advised to complete KYC / PAN formalities with CVL at the earliest. What do you need to do:- 1) If you are KYC compliant : In case you have completed KYC requirements and not submitted the acknowledgement to us, kindly submit a copy of acknowledgement along with a list of folio number(s). The status will be updated in our records, post verification, which will enable you to transact with us as usual. In case you have already submitted the KYC acknowledgment to us, we request you to ignore this communication. 2) If you are not KYC compliant Please submit the duly completed KYC Application Form along with requisite documents at any designated 'Point of Service' Centres of CVL or any of the Franklin Templeton Investor Service Centres. Upon receipt and verification of the same, a KYC Acknowledgement Letter will be allotted to each applicant. The KYC Acknowledgement is currently being issued free of cost. All documents must be submitted in original along with a self-attested copy. The original will be returned across the counter after verification. Alternatively, investors may submit copies of the requisite documents attested by a Notary Public / Gazetted Officer / Manager of a Scheduled Commercial Bank or Multinational Foreign Banks (Name, Designation and Seal should be affixed on the copy). 3) KYC for Micro SIPs and investors residing in Sikkim Since PAN is not mandatory for Micro SIPs i.e. up to Rs.50, 000 per year per investor and for investors residing in Sikkim, KYC would be handled by each AMC separately. Hence, we request these investors to please contact us for more information or assistance. Please note that transactions are liable to be rejected if KYC requirements as stated above are not completed. (Click Here for the list of CVL 'Point of Service' Centres. Click Here for list of Franklin Templeton Investor Service Centres). Click Here to download the CVL KYC Application Form for Individuals Click Here to download the CVL KYC Application Form for Non Individuals For more information or assistance, please call us at 1800 425 4255 or 60004255 or email us at serv...@templeton.com Thanking you, and assuring you of our best services always. With Regards Franklin Templeton Asset Management (India) Pvt. Ltd www.franklintempletonindia.com | unsubscribe -- You received this message because you are subscribed to the Google Groups "BETTER PERSONALITY GROUP" group. To post to this group, send email to better_personal...@googlegroups.com. To unsubscribe from this group, send email to better_personality+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/better_personality?hl=en.