To distribute mutual funds in India, individuals and entities must pass the NISM Series V-A certification exam (for individuals), complete Know Your Distributor (KYD) verification, and obtain an AMFI Registration Number (ARN). Employees of corporate distributors get an EUIN. ARN is valid for three years and renewed with continuing education.
Eligibility
- Pass NISM V-A
- KYD compliance
- PAN and bank details
Process
- Clear the exam.
- Apply for ARN online through the registrar.
- Complete KYD.
- Receive ARN card.
Conduct
Follow the AMFI code of conduct, disclose commissions and ensure suitability.
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Get expert help →Renewal
Renew ARN before expiry with continuing professional education.
Frequently asked questions
Can a company get ARN?
Yes, corporate distributors register with certified employees holding EUINs.
Is ARN the same as SEBI RIA?
No. Investment advisers register with SEBI; distributors hold ARN.
Can distributors charge advisory fees?
Distributors earn commissions; charging advisory fees needs RIA registration.
What if ARN expires?
Commissions may stop until renewed.
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