AMFI Registration / Renewal : Association of Mutual Funds in India

Organisation : Association of Mutual Funds in India AMFI
Facility : Registration / Renewal

Registration here : https://www.amfiindia.com/
Website : http://www.amfiindia.com/

Registration / Renew :

a) Employee Registration – Rs. 1500/-
b) Employee Renewal – Rs. 750/-

Related : Check SBI MF Mutual Fund Statement Online : www.statusin.in/10233.html

Intermediaries play a pivotal and valuable role in promoting sale of Mutual Funds. It is therefore vital that those engaged in selling Mutual Funds have the highest standards of knowledge attitude and ethics. Their well being, quality orientation and ways of doing business will have a significant impact on how the Mutual Fund Industry develops in the future.

AMFI introduced the process to register the intermediaries who have passed the certification test as AMFI Registered Mutual Fund Advisors (ARMFA), thus laying the foundation for an organized industry and allotting a unique code-AMFI Registration Number (ARN) along with an identity card.

SEBI recognizing the importance of this initiative taken by AMFI had made Registration with AMFI after passing AMFI Certification Test compulsory for intermediaries. SEBI has clarified that after obtaining certification from NISM as per changed mandate, the requirement of registration with AMFI, in terms of its circular dated November 28, 2002 would continue.

As such, all AMFI/ NISM Certified Intermediaries engaged in marketing and selling of Mutual Fund schemes are required to be registered with AMFI after passing AMFI/ NISM Certification Test. The Mutual Funds will not be able to deal with intermediaries who are not registered with AMFI and obtained ARN.

In terms of SEBI Circular dated September 13, 2012, “AMFI shall create a unique identity number of the employee/ relationship manager/ sales person of the distributor interacting with the investor for the sale of mutual fund products, in addition to the AMFI Registration Number (ARN) of the distributor.

The application form for mutual fund schemes shall have provision for disclosing the unique identity number of such sales personnel along with the ARN of the distributor.”

EMPLOYEES OF ARMFA :
** In terms above mentioned notification and SEBI circulars, employees/ relationship manager/ sales person of ARN holders who are engaged in marketing of Mutual Funds Products, are also required to pass test and register with AMFI, under ARN of the employer.

** AMFI, has allotted Employee Unique Identity Number (EUIN) to all the employees, who are registered with AMFI and having valid registration. A photo identity card bearing EUIN is also being issued to the existing corporate employees after they surrender existing corporate employee ARN card issued to them.

** The employees would be henceforth issued EUIN card containing EUIN, name, photo and validity period of EUIN.

** The said EUIN is required to be mentioned on the Mutual Fund scheme application forms with effect from January 1, 2013.

** EUIN issued to the employees would remain same, even if they change their employment and join some other ARN holder for selling/ marketing Mutual Fund products. However, for effecting such change in AMFI’s records, the employees are required to submit duly filled in form for mapping EUIN as stated here under.

** The employees are required to fill up the form for mapping EUIN in the following scenarios and submit the duly filled in and signed form to CAMS along with required documents.

To dissociate from present ARN mapping for doing own business.
To change the EUIN mapping from present ARN to another ARN (in case of change of employment)
To cancel EUIN.