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.
If you’re seeking to set out on the professional route as a Mutual Fund Distributor in India, acquiring an AMFI Registration number (ARN) is the very first step. Right here’s all you need to understand:
What is an AMFI Registration Number (ARN)?
- The AMFI Registration Number (ARN) is a serial code issued with the aid of the Association of Mutual Funds in India (AMFI).
- It’s obligatory for all individuals who desire to sell Mutual Funds and earn Mutual Fund Commissions across India.
- An AMFI ARN registration gives you a felony authorization to sell mutual fund schemes.
Why AMFI Registration Matters
- Allows you to promote mutual fund merchandise lawfully in India.
- Allows you to set up credibility and trust among your customers.
- Allows you to earn trail commissions, for that reason, it is an exceptional source of long-term profits.
New Updates and Added Info
AMFI has introduced an internet portal for AMFI registration and renewal, which is seamless and paperless.
You may now test online the reputation of your AMFI registration number.
Get Started Today
An AMFI Registration Number (ARN) paperwork is the foundation of your expert career as a Mutual Fund Distributor. It is the door opener that provides you with the proper right to:
1. Sell mutual fund schemes throughout India.
2. Construct long-term relationships with investors.
3. Increase your profits through incentives and commissions.
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.
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 online registration 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, an 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 that 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 |