The KRA Full Form in the share market is “KYC Registration Agency.” It is responsible for maintaining a comprehensive database of all the KYC (Know Your Customer) information within the securities market. This database is regulated by SEBI (Securities and Exchange Board of India), ensuring the security and accuracy of the information. KRA plays a vital role in building a transparent and trustworthy financial market.

Role of KRA in Trading

Since early 2013, compliance with KRA norms has been mandatory for anyone investing in the mutual fund market. The primary role of the KRA is to collect, store, and maintain the KYC data of investors in the demat (dematerialized) industry. It serves as a link between market intermediaries such as brokers, mutual funds, and depository participants, ensuring the seamless sharing of KYC information across the market.

How to Apply for a Fresh KRA Form?

If a trader is not KYC compliant, they must apply for a fresh KRA form. This form can be downloaded online, and additional documents are required to complete the process. These include a self-attested copy of the PAN card, self-attested proof of address, and a colored passport-size photograph. The KRA form must be submitted with existing mutual fund investments, as it cannot be submitted independently.

In conclusion, the KRA Full Form in the share market represents a crucial system that ensures compliance, transparency, and security in the financial markets.