Sebi has relaxed Know Your Customer (KYC) rules for mutual fund (MF) investors, addressing concerns from residents and non-resident Indians (NRIs). NRIs now have a one-year extension to fulfill KYC requirements due to challenges in passport validation. Additionally, investors can now opt for either email or mobile verification instead of both. Non-verified investors are allowed redemptions, subject to intermediary diligence. Clear instructions from KYC Registration Agencies are awaited. This move simplifies the process and addresses specific challenges faced by investors, especially NRIs.