Friday, December 9, 2016

How to become Mutual Fund Distributor in India

Following are the requirements to become a financial advisor

  1. Obtain a valid certification from the National Institute of Securities Market(NISM) by passing their certification examination 'NISM Series V-A : Mutual Fund Distributors Certification Examination'
    • ARN Number issued by AMFI to the Individual,Senior Citizen,Partnership Firm or Company
    • ARN Certificate issued by AMFI to a person other than Individual

  2. Complete the Duly filled form of the respective Mutual fund houses with a Photograph(For a Company, photograph is not required)
    • PAN Number
    • A Self-Declaration form stating compliance of circulars issued by AMFI
    • In case of a firm or company, the additional document is required which clearly states that all their employees are AMFI / NISM qualified
    • A Bank Mandate

  3. Submit the duly filled form along with the self attested documents as mentioned below to the nearest Mutual Fund branch  

    Individiual / HUF
      1. ARN card copy (Self certified & attested by AMC Branch) (In case of Individual/HUF, the ARN should be in name of Individual/HUF, the name of Corporate or Bank should not appear on ARN card copy)
      2. PAN card copy (Self certified photocopy & Duly signed and stamped by the Branch)
      3. KYD acknowledgement
      4. Cancelled Cheque Copy of the a/c no. mentioned on  form.