I have invested in Quantum Long Term Equity Growth Option Fund through fundindia.com. While checking the fund’s site, I came to know that IPV should also be there along with KYC documents. My KYC documents are in place. What is IPV and what to do for it?
IPV is In Person Verification which is a regulatory requirement. Now a days almost all financial companies are asked to do the same where by they have to meet the person before opening his account. As such no fiduciary accounts get opened.