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Welcome to AMFI!

AMFI REGISTERED MUTUAL FUND ADVISORS (ARMFA) 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) alongwith 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 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. EMPLOYEES OF CORPORATE (NON-INDIVIDUAL) ARMFA In terms above mentioned notification and SEBI circular, employees of Corporate (non-individual) 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 corporate. AMFI Registration Number (ARN) : SALIENT FEATURES The AMFI Registration Number (ARN) has been introduced as the unique code, which identifies the intermediary as ARMFA. ARN is a unique number allotted to: a. Individual agents, brokers, and other intermediaries engaged in selling Mutual Funds, having passed the AMFI/NISM Certification Test and agreeing to abide by the code of conduct. b. Corporates engaged in the business of selling Mutual Funds, which apply to AMFI and agree to abide by the code of conduct. A photo identity card indicating the validity period of ARN, would be issued to persons applying for allotment of ARN, after passing the AMFI/ NISM test. a. Individual intermediaries would have a card with their unique ARN and his/ her name and photo. b. Employees of corporates would have a card with the ARN of their employer and his/ her name and photo. Corporates would be issued Certificate of Registration indicating validity period of ARN. The application for registration of corporate bodies should compulsorily be accompanied by the application for registration of corporate employee. Passing certificate issued by National Institute of Securities Market (NISM) in respect of 'NISM - Series V-A : Mutual Fund Distribution Examination' has validity period of three years. Accordingly, ARN issued against such certificates as well as renewed ARN on or after June 1, 2010 shall have validity period of three years. In case of corporate entities validity period for Certificate of Registration issued is 3 years. No distributor shall hold more than one ARN card/ Certificate of Registration After obtaining ARN, the intermediaries should approach the AMCs for empanelment and they can canvass Mutual Fund business of the respective AMCs only after empanelling with them. Registered intermediaries can be de-registered as the ultimate censure, for the following reasons: a. Violation of the code of conduct. b. Being indicted for serious offences by a regulatory authority. c. Complaints of gross negligence upheld by a consumer court. AMFI Guidelines & Norms for Intermediaries ("AGNI") In order to promote best practices and ethical standards in the business of sale of Mutual Fund schemes, AMFI has formulated broad guidelines and norms including a code of conduct for the intermediaries, which will be applicable to ARMFA. AMFI believes that a sincere endeavor to adhere to the guidelines and the code would help promote best and healthy practices in the area of sales and marketing which would ultimately benefit all concerned - the investor, the intermediary and the industry as a whole. PROCEDURE FOR OBTAINING REGISTRATION AMFI has authorized M/s Computer Age Management Services Pvt. Ltd. (CAMS) to act as processing agent on its behalf for the purpose of ARN. For registering with AMFI, Intermediaries are required to apply in the prescribed form. The form can be obtained from the office of AMFI or any office of CAMS. Alternatively the form can also be downloaded from AMFI's website www.amfiindia.com Application forms must be submitted in person alongwith KYD application form to the office of CAMS (CAMS-POS). The details of fees and documents required to be submitted in respect of various categories of intermediaries is indicated in the below mentioned table :Entity Banks/ NBFC/ Institutional Distributors Public Ltd. Co. Pvt. Ltd. Co. Limited Liability Partnership (LLP) Required Documents Copy of Board Resolution & List of Authorized signatories Memorandum and Articles of Association & List of Authorized signatories Memorandum and Articles of Association & List of Authorized signatories a. Certificate of Incorporation of LLP (in form 16) b. Copy of LLP Agreement c. Name, address and PAN details of the Designated Partners. d. Name, address and PAN details of other partners (other than the Designated Partners) Additional requirement AMFI/ NISM Certified & AMFI Registered Corporate Employee. AMFI/ NISM Certified & AMFI Registered Corporate Employee. AMFI/ NISM Certified & AMFI Registered Corporate Employee. AMFI/ NISM Certified & AMFI Registered Corporate Employee. ARN Registration Fees 500,000 500,000 50,000 50,000

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Designated Partners) e. Other persons authorized to act on behalf of the LLP. Partnership Firm Societies and Trusts/ HUFs Partnership Deed & List of Authorized signatories Society by-laws, certificate issued by Registrar of Societies & list of Authorized signatories/ Trust deed & List of trustees/ HUF deed and Name of Karta & Authorized person List of Authorized signatories Self Certification letter from the proprietor as per format given below the table. Copy of AMFI/ NISM passing Certificate. AMFI/ NISM Certified & AMFI Registered Corporate Employee. AMFI/ NISM Certified & AMFI Registered Corporate Employee. 25,000 25,000

Post Offices Proprietorship Firms Corporate Employees/Individuals Senior Citizens Criteria to apply for allotment of ARN under this category : a. A person who has attained age of 50 years as on May 31, 2010 OR b. A person who has at least 10 years experience in the securities market as on May 31, 2010 AND/ OR c. A person who has at least 10 years experience in distribution of Mutual Fund Products as on May 31, 2010

AMFI/ NISM Certified & AMFI Registered Corporate Employee. AMFI/ NISM Certified & AMFI Registered Corporate Employee. Two stamp size photographs

15,000 10,000 5,000 5,000

1. Proof of age Two stamp size photographs 2. Proof of having attended CPE/ Refresher Course 3. Certificate from a member AMC (Mutual Fund) certifying that he/she has worked for Ten years as mutual fund distributor/agent as on May 31, 2010. AND/ OR 4. Certificate from a Stock Exchange/ member of Stock Exchange, certifying that he/she has experience of Ten years in the securities market as on May 31, 2010.

Any individual satisfying any of the above mentioned criteria is eligible to register himself as ARN holder under senior citizen category. Foreign Entities other than In addition to the documents specifically AMFI/ NISM Certified & AMFI Individuals mentioned against the respective category Registered Corporate Employee. other than Individuals. License issued by the local authority to market MF Units. (All documents in local language to be submitted with English Translation)

Appropriate fees in accordance with above fees schedule as per the category of foreign entity.

The prescribed fees can be paid only by demand draft in favour of the "Association of Mutual Funds in India" payable at the location of the CAMS office (CAMS-POS) to which the form is submitted. Draft of Self Declaration for Proprietorship firm "I hereby declare that I, ____________ am the sole proprietor of engaged in selling and marketing of units of Mutual Funds. I hereby undertake that all the persons who are engaged in marketing and selling of Mutual Fund Schemes are AMFI/NISM Certified and registered/ shall pass NISM Mutual Fund Distributors Certification Examination and Register with AMFI before canvassing the mutual fund business. I confirm that my firm will carry on canvassing of business for products of Mutual Funds in accordance with Guidelines and Norms for Intermediaries (AGNI) including Code of Conduct prescribed by SEBI/ AMFI and any rules and Regulations that may be framed or amended by SEBI/ AMFI from time to time." Draft of declaration where Proprietor, Partnership Firm and Karta of HUF as a corporate entity apply for registration without passing AMFI/NISM Certification Test by themselves / any partner but along with application for registration of their employee who is AMFI/NISM Certified : The declaration / undertaking as under should be furnished along with application : "I/We hereby declare that I / None of the partner is engaged in the activity of selling/ marketing of Mutual Fund schemes and all such activities are carried out only by the persons employed who are AMFI/NISM Certified. I/We further undertake that all our employees who are engaged in sales and marketing Mutual Fund schemes shall pass NISM/AMFI Certification Test and obtain registration with AMFI before canvassing business for Mutual Funds. I/We also hereby undertake to pass AMFI/NISM Certification Test and obtain registration with AMFI as when I/any partner decides to engage in sales and marketing of Mutual Fund schemes in future." The documents shall be scrutinized and if found in order and if the prescribed fees have been realized, a certificate of recognition or photo identity card as applicable shall be issued. These will be mailed directly to the applicant. Procedure for issuing duplicate ARN Card/ Certificate of Registration Fees payable for obtaining duplicate ARN card due to change of name, address, etc. in case of individuals/senior citizens/corporate employee is Rs. 1000/- and for issue of duplicate Certificate of Registration in case corporates is Rs. 5000/Fees payable for issue of Certificate of Registration to Corporates (existing ARN Holders) due to change in name/ change of status:When there is a change in name without change in status the fees will be 50% of what is presently being charged for fresh registration.

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When there is a change of status (e.g. change from Private Limited Company to Public Limited Company, etc.), fees will be same as for the fresh registration. Please refer to the above mentioned Fee Structure for calculation of fees. Click here to get the list of CAMS-POS Download the registration form for: Corporate Corporate Employee Individual

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