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Mutual fund distributors are regulated intermediaries who assist investors in selecting and purchasing mutual fund schemes, adhering to high ethical standards set by SEBI and AMFI. Their key roles include:
Helping investors choose mutual funds that fit their financial goals.
Generating income through commissions on transactions.
Tracking mutual fund performance and staying informed about market trends to offer informed advice.
Essentially, they act as agents between the investor and the mutual funds companies.
Must be at least 18 years old.
Must have completed Class 12 or Class 10 with a three-year diploma.
Must pass the NISM Series V-A certification test (mandatory).
Receives AMFI Registration Number (ARN) and Employee Unique Identification Number (EUIN) after certification.
Valid for every 3 years from the date of passing the exam.
No distributor can hold more than one ARN.
Must seek empanelment with Asset Management Companies (AMCs) to promote their mutual fund schemes.
Gain foundational knowledge on mutual funds, risk profiling, KYC norms, and investment processes, conducted by (NISM).
Register with the Association of Mutual Funds in India (AMFI) after passing the NISM exam. and submit necessary documents and pay the registration fee via the AMFI website.
Sign up with individual mutual fund companies directly. and join an online mutual fund distribution platform for a streamlined process to access multiple schemes.
Assess clients' financial goals, risk tolerance, and investment horizon to recommend suitable mutual fund schemes. and stay updated with market trends and fund performance to offer informed advice.
Authorized Agent: M/s Computer Age Management Services Pvt. Ltd. (CAMS) is authorized by AMFI to process ARN applications.
To obtain the registration form, you can either visit the AMFI or CAMS offices, or download it from AMFI's website (www.amfiindia.com).
For submission, deliver the completed form to a CAMS-POS (CAMS Points of Service) and include the KYD (Know Your Distributor) acknowledgment in person or the KYD application form( if the KYD process is not yet complete)
Refer below for the specific fees and documents requirements for various categories of intermediaries and employees for ARN and EUIN.
All the documents will be scrutinized. If in order and fees are paid, a Letter of Registration or photo ID card will be issued and the issued documents will be mailed directly to the applicant.
- Copy of NISM passing Certificate
- Two stamp size color photographs
- Partnership Deed
- List of Authorized signatories with Specimen signature
- NISM Certified & AMFI Registered Employee
- Certificate of Incorporation of LLP (in form 16)
- Copy of LLP Agreement
- Name, address and PAN details of Designated Partners
- Name, address and PAN details of other partners
- Other persons authorized to act on behalf of the LLP
- NISM Certified & AMFI Registered Employee
- Memorandum & Articles of Association
- Copy of Board Resolution
- List of Authorized Signatories with Specimen signature
- NISM Certified & AMFI Registered Employee
- Memorandum & Articles of Association
- Copy of Board Resolution
- List of Authorized Signatories with Specimen signature
- NISM Certified & AMFI Registered Employee
- Copy of license issued by RBI
- Copy of Board Resolution
- List of Authorized signatories with Specimen signature
- NISM Certified & AMFI Registered Employee
- Copy of Letter of Registration issued by RBI
- Memorandum & Articles of Association
- Copy of Board Resolution
- List of Authorized Signatories with Specimen signature
- NISM Certified & AMFI Registered Employee
- Trust deed
- Copy of Letter of Registration
- List of trustees with Specimen signature
- HUF deed
- Name of Karta & Authorized person with Specimen signature
- NISM Certified & AMFI Registered Employee
- Copy of CPE certificate
- Two stamp size color photographs
- Copy of NISM passing Certificate
- Two stamp size color photographs
Category of Distributor | Registration Fees (in ₹) |
Employees | 500 |
Individuals | 1,500 |
Senior Citizens (Criteria: Age 50+ or 10+ years experience in securities market or mutual fund distribution) | 1,500 |
Partnership Firm | 10,000 |
Banks, Trusts, HUFs | 10,000 |
Private Limited Company | 20,000 |
Limited Liability Partnership (LLP) | 20,000 |
Non-Banking Finance Company (NBFC) | 1,00,000 |
Banks (Other than specified below) | 4,00,000 |
Public Limited Company | 4,00,000 |
Fees for renewal of ARN are 50% of the registration fees.
(Note:18% GST charges are applicable on the above registration)
We understand regulations thoroughly, ensuring your fund is compliant.
Our attention to detail minimizes errors and speeds up your application.
We make the entire setup process efficient, saving you time and stress.
Our services are tailored to fit your unique needs for optimal performance.
We’re here for you even after registration, helping you tackle future challenges.