India’s Securities and Exchange Board proposed a uniform mutual-fund folio framework to resolve long-standing Know-Your-Customer discrepancies. The initiative seeks to streamline investor identification across asset-management companies, reduce duplication, and improve transparency. Regulators said the standardized structure will enhance tracking of cross-fund investments and curb fraudulent entries. Industry participants welcomed the move, noting that consistent KYC standards could accelerate digital onboarding and operational efficiency. The proposal remains open for stakeholder feedback before implementation later this fiscal year.