KRA Full Form: In the share market, KRA stands for KYC Registration Agency. KRAs maintain a centralized database of all KYC (Know Your Customer) information for the securities market. This database is regulated by SEBI (Securities and Exchange Board of India) to ensure accuracy and security. KRA plays a vital role in fostering transparency and trust within the financial market.
KRA’s Role in Trading
Since 2013, complying with KRA norms has been mandatory for anyone investing in mutual funds. KRA’s main responsibility is to collect, store, and manage the KYC details of investors involved in the demat industry. It serves as a crucial link between market participants—like brokers, mutual funds, depository participants, and investors—by facilitating the seamless sharing of KYC data across the financial market.
How to Apply for a Fresh KRA Form
If an investor is not KYC compliant, they will need to fill out a new KRA form. This form can be easily downloaded online, but it requires a few additional documents to complete the process. You’ll need a self-attested copy of your PAN card, proof of address, and a recent passport-sized photo. Keep in mind, the KRA form cannot be submitted on its own; it must be submitted along with your existing mutual fund investments. KRA Full Form
