What is FATCA Declaration under Manage Profiles?

FATCA declaration in mutual funds is a mandatory self-certification form where an investor provides their tax residency details, so that the mutual fund company can report the investments to tax authorities in compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS).

• Every new mutual fund investor in India (individuals, HUFs, companies, NRIs, etc.) must submit FATCA/CRS self-certification at the time of investment or account opening.
• Existing investors may also be asked to provide it if not already submitted.
• Your mutual fund transactions (new purchases, SIP registrations, etc.) may be restricted or rejected until you submit the declaration.
• Redemptions usually remain unaffected, but fresh investments require compliance.