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The mutual fund distributors who are qualified and having the AMFI Registration Number (ARN) are only eligible to sell the mutual funds. To become an ARN Holder, it is necessary to qualify for the NISM Series V-A: Mutual Fund Distributors Certification Examination.
No distributor shall hold more than one ARN card/ Letter of Registration. The certificate comes with a validity period of 3 years. Once the validity period is over, the distributor needs to apply for ARN renewal online. The renewal also depends upon two factors that:
Through the process of allotting ARN, SEBI and AMFI want to ensure that the distributors follow the highest standards of ethics and have the required knowledge to provide the right mutual funds to their customers.
Whenever it comes to mutual fund investment, one very common line revolves in our head as “Mutual Funds Are Subjected to Market Risk.” However, the risk can easily be reduced by more diligence. Mutual fund distributors are expected to help the customers manage the risk with their knowledge.
The intermediary, or we can say the mutual fund agent, educates and informs the investor about all the risks involved and how they can manage the risk by choosing the right schemes.
As per AMFI Guidelines, mutual funds will not be able to deal with intermediaries who are not registered with AMFI and have obtained ARN.
To apply for ARN in offline mode, you need to enclose the below documents and submit them to the nearest CAMS office where your Biometric should be completed:
To apply for ARN Number in Online mode, you need to follow the given steps. Before starting the registration, you must keep your Pan card along.
| Normal | Grandfather by Age Category | Grandfather by Experience Category |
|---|---|---|
| Candidates can attend the CPE Program 6 months prior to the expiry of the said Certificate / ARN Card. | Any associated person, other than Principal, who has completed the age of 50 years as of May 31, 2010, may attend NISM Series V (a): Mutual Fund Distributors CPE Program under the 'Grandfather by Age Category. | Any associated person, other than Principal, having experience of 10 years or more as a distributor, agent, or employed in the sale and/or distribution of Mutual Fund products, as of May 31, 2010, may attend NISM Series V (a): Mutual Fund Distributors CPE Program under the 'Grandfather by Experience Category. |
ARN is one of the most important codes for both the investor and the mutual fund distributor.
It is just like the ID of the intermediary.
With the help of the ARN code, the Mutual Fund ARN Holder can easily track the assets mobilized by him as the CAMS and Karvy provide the data to the intermediary linked to ARN code.
The brokerage of the intermediary can easily be calculated with the help of the ARN Number.
The ARN Number is valid for three years. To renew your ARN number, first, you need to book CPE/ECPE training (If ARN validity is about to expire) or NISM Certifications Exam (If ARN validity has expired).
For ARN Renewal, the Individuals, senior citizens, and employees are required to submit the application for renewal of ARN/ EUIN along with a copy of the passing certificate of NISM Mutual Fund Distributors Certification Examination/ CPE Certificate and two stamp size color photographs.
Without the legitimate documents, the ARN renewal process will not get completed.
If your ARN number is about to expire and you want to renew it before the date ends, then you need to get registered for the CPE/ ECPE Training. The process of registration is as follows.
Login NowLogin to your NISM account and select ‘Enrolment’.
Choose a dropdown that reflects ‘Enroll for CPE/eCPE.
Select modules (Mutual Funds) and categories such as normal renewal/ grandfathered by age or grandfathered by experience. In most cases, you will have to select normal renewal.
You can select a desired date and time slot and make payment online through the NISM portal.
You will receive login credentials for CPE via email and SMS a day prior to the training date.
Your login credentials will be valid until the time of completion of training.
| 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 |
The Association of Mutual Funds in India allots the AMFI Registration Number to every mutual fund distributor for helping their customers invest in the mutual fund schemes.
The renewal of the ARN number can only be done by visiting the official portal of the Association of Mutual Funds in India. To complete the process, the prospect needs to submit the PAN card mobile number. Also, the copy proving that you have cleared the NISM examination needs to get submitted. Without legitimate documents, the ARN number cannot get renewed.
Yes, after qualifying for the NISM-V-A mutual fund distribution certificate examination, a person can apply for the ARN number online by visiting the official website of AMFI (Association of Mutual Funds in India)
To download the ARN certificate/ ARN card, you need to visit the official website of the Association of Mutual Funds in India