Register Or Renew Mutual Fund (2024)

AMFI REGISTERED MUTUAL FUND DISTRIBUTORS

Intermediaries play a pivotal andvaluable role in promoting sale of Mutual Funds. It is therefore vital thatthose engaged in selling Mutual Funds have the highest standards of knowledgeattitude and ethics. Their well being, quality orientation and ways of doingbusiness will have a significant impact on how the Mutual Fund Industrydevelops in the future.

AMFI introduced the process to registerthe intermediaries who have passed the certification test as AMFI Registered Mutual Fund Distributor (ARMFD), thus laying the foundation for an organizedindustry and allotting a unique code-AMFI Registration Number (ARN)along withan identity card. SEBI recognizing the importance of this initiative taken byAMFI had made Registration with AMFI after passing AMFI Certification Testcompulsory for intermediaries. SEBI has clarified that after obtainingcertification from NISM as per changed mandate (w.e.f. June 01, 2010), therequirement of registration with AMFI, in terms of its circular dated November28, 2002 would continue.

As such, all NISM CertifiedIntermediaries engaged in marketing and selling of Mutual Fund schemes arerequired to be registered with AMFI after passing NISM Certification Test. Minimum age for obtaining ARN is 18 years. TheMutual Funds will not be able to deal with intermediaries who are not registeredwith AMFI and obtained ARN.

In terms of SEBI Circulardated September 13, 2012, "AMFI shall create a unique identity number ofthe employee/ relationship manager/ sales person of the distributor interactingwith the investor for the sale of mutual fund products, in addition to the AMFIRegistration Number (ARN) of the distributor.The application form for mutualfund schemes shall have provision for disclosing the unique identity number ofsuch sales personnel along with the ARN of the distributor."

AMFI Registration Number (ARN) : SALIENT FEATURES

The AMFI Registration Number (ARN) has been introduced as the unique code, which identifies the intermediary as ARMFD.

• o Minimum age for obtaining ARN is 18 years.
• o ARN is a unique number allotted to:
• o Individual agents, brokers, and other intermediaries engaged in selling Mutual Funds, having
• passed the NISM Certification Test and senior citizens having attended Continuing
• Professional Education (CPE) and agreeing to abide by the code of conduct and other
• undertakings as mentioned in the application form.
• o Corporates engaged in the business of selling Mutual Funds, which apply to AMFI and
• agree to abide by the code of conduct and other undertakings as mentioned in the
• application form.
• o A photo identity card bearing unique ARN, address, his/ her name, photo and the validity period of
• ARN, would be issued to individual applicants and senior citizens whereas Letter of Registration
• bearing unique ARN, name of the corporate and the validity period of ARN would be issued
• to Corporate applicants.
• o Employees would be issued EUIN card with their EUIN, his/ her name, photo and validity period of
• EUIN.
• o The application for registration of corporate bodies should compulsorily be accompanied by the
• application for registration of corporate employee.

• o Passing certificate issued by National Institute of Securities Market (NISM) in respect of
• 'NISM - Series V-A : Mutual Fund Distribution Examination' has validity period of three years.
• Also, the CPE certificate issued by NISM is valid for three years.
• Accordingly, ARN issued to individual, senior citizens and EUIN issued to employees against
• such certificates shall have validity period from the date of submission of ARN registration
• application up to the validity date mentioned on the passing certificate/ CPE certificate, if the
• application is in order.
• In case of corporate entities, validity period for Letter of Registration issued is 3 years.
• o No distributor shall hold more than one ARN card/ Letter of Registration
• o After obtaining ARN, the intermediaries should approach the AMCs for empanelment and they
• can canvass Mutual Fund business of the respective AMCs only after empanelling with them.

• o Registered intermediaries can be de-registered as the ultimate censure, for the following reasons:
• o Violation of the code of conduct.
• o Being indicted for serious offences by a Regulatory Authority/ Judicial Authority.
• o Complaints of gross negligence upheld by a consumer court.

AMFI Guidelines & Norms for Intermediaries ("AGNI")

In order to promote best practices and ethical standards in the business of sale of Mutual Fund schemes, AMFI has formulated broad guidelines and norms including a code of conduct for the intermediaries, which will be applicable to ARMFD.

See Also

third party

AMFI believes that a sincere endeavor to adhere to the guidelines and the code would help promote best and healthy practices in the area of sales and marketing which would ultimately benefit all concerned - the investor, the intermediary and the industry as a whole.

Employees of Mutual Fund Distributors

PROCEDURE FOR OBTAINING REGISTRATION

Download the registration form for:

• Corporate
• Employee
• Individual / Senior Citizens
• New Cadre of Distributors

Know Your Distributor (KYD) Guidelines

Know Your Distributor (KYD) Guidelines

Securities and Exchange Board of India (SEBI) has advised AMFI to review the existing registration procedure for Mutual Fund Distributors and initiate necessary action to strengthen the same to ensure correctness of information furnished in the registration application and also to have in person verification of the ARN holders.

AMFI has therefore decided to introduce Know Your Distributor (KYD) process for the Mutual Fund distributors with effect from September 1, 2010. The KYD procedure consists of document verification and Bio-metric process. The distributor is therefore required to apply for KYD simultaneously along with application for registration of ARN. Please click here for detailed process note and KYD application form for

1. Individual
2. Non Individual

AMFI has engaged the services of Computer Age Management Services Ltd. (CAMS) to carry out the KYD process through their centres referred as "CAMS POS".

Click here to get the list of CAMS-POS

Renewal of AMFI Registration Number (ARN)/ Employee Unique Identification Number (EUIN)

Renewal of AMFI Registration Number (ARN)/ Employee Unique Identification Number (EUIN)