All about AMFI Registration Number
(ARN)
To be a Mutual Fund Distributor, the foremost thing is AMFI ARN registration online. The AMFI ARN (Association of Mutual Funds in India Registration Number) is an exclusive code that permits you to sell mutual funds in India.
It begins with the AMFI ARN registration. You are required to clear the NISM Series V-A AMFI exam registration, which is the prerequisite for advising mutual fund investments. Once you clear the test, you may proceed with the AMFI ARN registration online.
Post-registration, you will get your AMFI distributor registration, which will be valid for 3 years. In order to carry on distributing mutual funds, you will have to apply for AMFI ARN online registration renewal BEFORE your existing AMFI ARN registration expires.
The AMFI ARN online registration can also be readily filed online through intermediaries at Nivesh, which makes the process of AMFI ARN registration and renewal pretty straightforward. An AMFI ARN registration online is essential for Mutual Fund Distributor Income.
Why is the AMFI ARN Code Required?
The AMFI distributor registration code is an important part of the sale process of mutual funds, introduced by SEBI and AMFI to regulate the sale of mutual funds and ensure that mutual fund distributors follow the highest possible standards of ethical conduct and also possess the adequate knowledge for selling the right type of mutual funds to clients.
Although one often hears, “Mutual Funds Are Subject to Market Risk,” that risk can be managed by thoughtful advice. AMFI distributor registration holders are required to advise clients on risk profiling while advising them on the investments best suited to them.
They identify themselves as having the license to advise, with the AMFI ARN registration code for mutual fund certification. Through the AMFI registration code, Indian Mutual Fund Distributors regulate these intermediaries to ensure they are qualified and operate along industry standards.
How to Get an ARN Number?
Upon successfully passing the NISM -VA examination to qualify as a mutual fund agent and obtaining the certificate, you are eligible to apply for an ARN code through both offline and online channels. CAMS has been authorized by AMFI to facilitate the registration process for mutual fund distributors and the issuance of the AMFI ARN code and AMFI code.
AMFI ARN Registration – Offline Mode
To commence the offline ARN application procedure, assemble the following documents and deliver them, along with completing biometric verification, to the nearest CAMS office:
- Complete the individual registration application form in its entirety.
- Prepare a demand draft payable locally to “All India Mutual fund Association.”
- Provide a self-attested copy of the valid NISM Series V-A Certificate.
- Include three stamp-size color photographs.
- Fill out and sign the KYD Individual Application form, affixing a photograph and signing across it.
- Provide self-attested copies of PAN proof, address proof, and bank proof (cancelled cheque copy or latest bank account statement).
AMFI ARN Registration Process – Online Mode
To initiate the online ARN application process, follow these steps. Ensure you have your PAN card readily available before proceeding:
- Visit the official website of AMFI.
- Enter your PAN number and mobile number.
- A new window will open if your NISM details are registered on the platform.
- Proceed by uploading the necessary documents and making the application payment.
- Note that the application fees vary depending on the entity type. Refer to the provided link for detailed fee information.
How to Register for CPE/ ECPE Training?
Normal | Grandfather by Age Category | Grandfather by Experience Category |
|---|---|---|
Applicants may participate in the CPE Program up to six months before the stated Certificate or ARN Card expires. | Under the “Grandfather by Age Category,” any associated person—aside from the principal—who turned fifty years old on May 31, 2010, may participate in the NISM Series V (a): Mutual Fund Distributors CPE Program. | The NISM Series V (a): Mutual Fund Distributors CPE Program is open to any associated person, other than the principal, who, as of May 31, 2010, had ten years or more of experience as a distributor, agent, or employed in the sale and/or distribution of mutual fund products under the “Grandfather by Experience Category.” |
What are the Benefits of the
ARN Code?
One of the most crucial codes for investors and mutual fund distributors alike is ARN.
It is comparable to the intermediary’s ID. The CAMS and Karvy provide the information to the intermediary linked to the ARN code, so the Mutual Fund ARN Holder can easily track the assets mobilized by him with the aid of the ARN code.
The ARN Number makes it simple to calculate the intermediary’s brokerage.
Process of ARN Renewal
Online
The AMFI distributor registration code has a life of three years, and you need to renew your AMFI registration code validity when it is about to expire. To finalize the AMFI ARN registration online renewal procedure, you need to attend CPE/ECPE or pass the NISM Certification Exam as per the prescribed norms. To start the process, you need to submit an application along with relevant documents by category of individuals (senior citizen/employee/others).
This consists of a CPE certificate/NISM Mutual Fund AMFI distributor registration certificate, examination pass certificate, and two recent passport-size color photos. The AMFI ARN online registration renewal process is impossible without these papers. So please make sure that all documents are submitted properly, and it is done without any hassle. Nivesh can make the process of renewal a lot more simplified, and the complete process remains catered such that all the necessary conditions are fulfilled for a successful renewal.
Process to Register for CPE/ECPE Training
You must register for the CPE/ECPE training if your ARN number is about to expire and you wish to renew it before the deadline. The registration procedure is as follows.
Step 1:
Access your NISM account and navigate to the ‘Enrollment’ section.
Step 2:
From the dropdown menu, choose ‘Enroll for CPE/eCPE.’
Step 3:
Select the relevant modules, such as Mutual Funds, and specify the category for renewal (normal renewal/grandfathered by age or experience). Typically, normal renewal is selected.
Step 4:
Choose your preferred date and time slot and proceed to make the payment online through the NISM portal.
Step 5:
One day before the training date, you will receive login credentials for CPE via email and SMS.
Step 6:
Your login credentials will remain valid until the training is completed.
Difference Between CPE & E CPE
| CPE | ECPE | |
|---|---|---|
Mode | Online Mode | Offline Mode |
Centre | Physical centre. You will have to visit the selected centre on the training day | No need to visit the centre |
Prerequisites | Id Proofs and admit card | A laptop or desktop with at least 2GB RAM Internet connection with a minimum speed of 2MBPS |
Duration | 5-6 hours | 4-5 hours |
Doubt Session | One on one questions can be asked | This is session recorded and live doubts are taken into consideration |
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