Mumbai, Oct. 24 -- The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing to standardise the process for opening mutual fund folios and executing the first investment.

The market regulator has invited comments from the public on the proposal titled "Process for Opening of Mutual Fund Folios and Execution of First Investment" by November 14, 2025.

According to SEBI, the objective of the consultation paper is to streamline and make uniform the procedure for opening new mutual fund folios.

The proposal seeks to ensure that every new folio is fully Know Your Client (KYC) compliant, both at the Asset Management Company (AMC) level and in the KYC Registration Agency (KRA) system, before any transaction ...