KRA

Full form: KYC Registration Agency

Investments

KRA (KYC Registration Agency) is a SEBI-registered entity that maintains centralised KYC records for all capital market investors. Once KYC is done with any SEBI-registered intermediary, the data is stored with KRA -- enabling a single KYC for all mutual fund, demat, and brokerage accounts.

In detail

KRAs registered with SEBI:nCVL KRA (CDSL Ventures): largest, used by most AMCsnNSDL eKYC (NSDL): second largestnDotex (BSE subsidiary)nCAMSKRA (Computer Age Management Services)nKarvy KRAnnCentral KYC (CKYC): separate from KRA, managed by CERSAI for all financial sector (banks, insurance, mutual funds). Your 14-digit CKYC number works across all regulated financial entities.nnFor investors: complete KYC once online (eKYC via Aadhaar OTP on Groww, Zerodha, or AMC website). Never redo KYC for new accounts with same intermediary type.

Real-life example

🇮🇳 India example

Anjali completes eKYC on Zerodha using Aadhaar OTP. Her KYC is registered with NSDL KRA. When she opens a mutual fund folio on Groww: Groww fetches her KYC from NSDL KRA -- she does not submit documents again. When she opens a CAMS-processed fund folio: CVL KRA system handles it. The entire mutual fund and brokerage ecosystem shares KYC data through the KRA network.