To Update the Investor’s tax status changes—such as from Resident to NRI or Vise versa, it must be updated across all mutual fund folios to remain compliant with KYC, FATCA, and other regulatory requirements. 


Required Documents: Change of Tax status

✅ Step 1: Update Tax status in KYC (if not already done)

✅ Step 2: Submit Tax Status Change Request (AMC-wise)

  1. Tax Status Change Request Letter (AMC-wise) for both RI-NRI (NRO) and NRI-RI.
  2. Self-attested PAN Card copy (Name and tax status should match ITD records)
  3. Self-attested Address Proof (as per new tax status)
  • For RI - Aadhaar / Driving License / Voter ID
  • For NRI - Passport copy, Overseas address proof (Driving License / Utility Bill)

       4. Updated FATCA Declaration Form (Enclosed)

       5. Bank Proof (OLD and NEW)           

  • Original Cancelled Cheque with pre-printed Name and Account number, IFSC code, Account type
  • Bank Passbook (Front page) showing Name, Account number, IFSC, Account type with Statement (not older than 3 months) with bank seal and Signature, Designation, Emp.ID, Contact details.
  • Bank Statement (not older than 3 months) with Name, Account number, IFSC, Account type with Statement (not older than 3 months) with bank seal and Signature, Designation, Emp.ID, Contact details.

         If Old Bank Account Is Closed:

          Please provide any one of the following as a replacement for the old bank proof:

  • Cancelled cheque leaf (or)
  • Bank closure letter with banker’s attestation and seal (or)
  • Latest 3-month bank statement of the old account with bank seal and Signature, Designation, Emp.ID, Contact details.

     Important Notes:

  • KYC should first be updated with new tax status in KRA (KYC Registration Agency) before submitting to AMCs.
  • Tax status must be consistent across KYC, PAN, and AMC records.
  • If not updated properly, Folios may be restricted.
  • Since the investment was originally made from a resident Indian account, the updated bank account must be an NRO account only.

      TAT:

          The Change of Tax Status process typically takes 8–10 working days after the documents are submitted to the

          respective AMCs.


Please Find the below link for all AMC forms: Click Here