PAN card
Required for KYC verification.
Digital KYC process
New investor? Complete KYC before you invest.
Complete PAN, Aadhaar, DigiLocker and OTP verification securely — typically through CVL KRA — before starting your investment journey.
This guide is for new investors who still need digital KYC onboarding to access index fund and SIP investing through MFnxt.
KYC onboarding usually takes around 10–15 minutes when documents and DigiLocker access are ready.
Before you start
Keep these documents ready
Digital KYC is smoother when you can access these items on the same device.
Aadhaar card
Used for identity verification.
Bank account
An active bank account for investments.
DigiLocker access
Required for secure digital document verification during KYC onboarding.
Digital KYC process
Complete KYC in simple steps
A digital onboarding process for new investors, typically through CVL KRA verification.
Create your account
Register using your mobile number and email address. See the create account guide for the app signup sequence.
- Secure mobile verification
- Account creation in the app
- Then continue to KYC
PAN and Aadhaar verification
Verify your PAN and Aadhaar details as part of the KYC process.
- PAN validation
- Aadhaar verification
- Identity authentication
DigiLocker and OTP authentication
Complete DigiLocker access and OTP verification for digital KYC processing.
- Paperless KYC process
- OTP verification
- Encrypted verification flow
Bank verification
Verify your bank account details for investment transactions.
- Cancelled cheque upload where required
- Bank validation
- Transaction setup
You are ready to explore investing
After successful KYC, you can explore index fund baskets in the app. Start with the Emergency Basket or the Growth Basket depending on your horizon — then read the scheme documents.
- Verification completed
- SIP and lump sum options
- Goal-based baskets
New investor guide
Complete KYC, then decide how to invest
If you are a new investor or not yet KYC compliant, MFnxt’s app walkthrough covers PAN verification, Aadhaar authentication, DigiLocker access and bank verification before SIP or lump sum investing is available.
KYC helps verify investor identity under applicable SEBI and mutual fund regulations. Completing KYC through CVL KRA does not guarantee investment outcomes. Mutual funds remain market-linked.
After KYC, you can learn more about index fund investing in India, passive investing, and MFnxt’s fund selection process.
Digital KYC
Identity verification is completed in a guided in-app flow.
Paperless steps
Aadhaar OTP and DigiLocker are commonly used.
Then explore funds
Index fund baskets become available after onboarding.
SIP when ready
Periodic investing is optional and not a return guarantee.
Common questions
New investor KYC
What is a non-KYC investor?
A non-KYC investor is someone who has not yet completed the identity verification required for investing through regulated mutual fund platforms.
What documents are required for KYC onboarding?
PAN card, Aadhaar card, bank proof, mobile number and DigiLocker access may be required during onboarding.
Why is KYC required before investing?
KYC verification helps verify investor identity as per applicable regulatory requirements before investing in mutual funds.
Can new investors start SIP after KYC verification?
Users may explore SIP and lump sum investment options after completing onboarding and verification.
What is DigiLocker verification?
DigiLocker helps facilitate secure digital document verification during the onboarding process.
Next step
Complete KYC in the MFnxt app
Download the app to create an account and follow the digital KYC steps.
Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. MFnxt is an AMFI-registered Mutual Fund Distributor (ARN-300764). This page explains KYC onboarding and is not investment advice. Past performance is not indicative of future returns.