How to update your mobile number and e-mail ID for SIPs – A Step-by-Step Guide

Being an active investor means you need to keep a check on many things. One of those things is keeping your KYC updated. If you have recently changed your e-mail ID or mobile number, then you also need to update it in your Mutual Fund Investments. This way, you can be sure to keep receiving all updates and notifications about your investments. Read this blog and learn how to easily update your details.

Why it’s important to keep your contact details updated

Understand the many reasons why updating your contact details is important for investments:

1. Receive timely transaction alerts (buy/sell/SIP confirmation)

When you are planning to change your e-mail ID or mobile number, it also becomes important to update the same in your Mutual Fund investments to receive instant alerts for all Mutual Fund transactions. This way, you can stay updated on your investments and keep track with ease.

2. Stay updated with Account Statements

Keeping your KYC details updated can help you get regular updates for your Account Statements. It is important because you get notifications directly into your mailbox and mobile number for activities like review of investment performance, tracking holdings and assessing portfolio growth.

3. Prevent Account misuse

If your contact information is outdated, someone else might misuse your investment account. With updated details, only you receive important alerts and verification codes, adding an extra layer of security and preventing unauthorised access to your Mutual Fund investments.

4. Important updates from your fund house

Asset Management Companies (AMCs) frequently send updates about changes in fund performance, policy changes, Net Asset Values (NAVs) or upcoming SIP due dates. Accurate mobile and e-mail details ensure you stay in the loop and make well-informed decisions regarding your investments at the right time.

How to update your mobile number and e-mail ID

Below are the two ways to update your details:

Method 1: Online process to update your mobile number and e-mail ID through ICICI Bank:

• Login to iMobile > Invest > Mutual Funds

• At the bottom tool bar, click on ‘Service Request’

• Select ‘Change/Update E-mail Address or Mobile Number'

• Select folios in which you want to update your ‘Mobile Number or E-mail ID’

• Verify through OTP and confirm changes.

OR

You can also visit the official KRA link below or respective AMC website to update your mobile number and e-mail address:

Update E-mail ID in Mutual Fund Folios | CAMS

MFS Investor Login | Mutual Fund Investors | MF Services

*Please note – To change your old mobile number or e-mail ID, the old mobile number should be active to receive the OTP for validation.

Method 2: Offline process to update your mobile number and e-mail ID

If you prefer the traditional route, you can also update your details offline. This is especially useful for those who are not comfortable with online platforms or lack internet access.

Follow the procedure below:

1. Visit any ICICI Bank branch

2. Ask for the ‘KYC Change Form’

3. Enter your PAN (in upper case), Aadhaar and Mutual Fund folio details

4. Fill in the new mobile number and/or e-mail ID

5. Attach a self-attested copy of your PAN Card or any other valid ID proof

6. Submit the form to the Bank representative.

Once verified, your contact details will be updated across all Mutual Fund investments linked to your KYC within 3 to 4 working days.

Important things to keep in mind

1. Check your contact details carefully

Always double-check your new mobile number and e-mail ID before submitting. Even a small error can stop you from receiving important alerts or updates from Mutual Fund platforms.

2. Provide clear and signed documents

For offline KYC updates, make sure your documents are clear and properly self-attested. incomplete details may lead to rejection of your update request.

Conclusion

Updating your mobile number and e-mail ID in your Mutual Fund investments is a very important step to keep your investments safe and up to date. Whether you go online or offline, the process is quite simple and doesn’t take much time. Keeping your contact details updated ensures you never miss an important alert, statement etc.

And remember, one update at the right place can reflect across all your Mutual Fund investments.