Earlier AMFI required every investor to do an In-Person Verification (IPV) to ensure all the documents provided are done so by the investor, as a part of the Know Your Customer (KYC) process. With an increase in the use of smartphones and a push towards digital India, AMFI allows investors to conduct their IPV at their own convenience, by using the camera on their smartphones to do a video verification. This part of the process is done using the CAMS/KARVY platform as they are secure and preferred by the Asset Management Companies (AMCs).
Why am I required to do a video verification?
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