I am planning for 5000/- per month investment via SIP. While I tried applying online through Birla Sunlife AMC website - it shows a KYC (know your client) checkbox and a note is there "mandatory for investment over 50000/-"

I didn't apply for KYC till now

My question :
1- Do I need to get this KYC done and only after that I am eligible?
2- How long this takes to get KYC ready?

3- I tried to go through the KYC documents - couldn't understand much about this. Is it soem sort of equivalent of PAN (reqd for investment over 50K)

Anyone who has done this - please can you advise?

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