Series V-AEasyFund Distribution

Who is required to obtain an ARN (AMFI Registration Number) to sell mutual funds in India?

AEvery individual and entity engaged in the marketing and distribution of mutual fundscheck_circle
BOnly the Asset Management Company
COnly the scheme's registrar and transfer agent
DOnly investors buying units above ₹1 lakh

Correct answer

A. Every individual and entity engaged in the marketing and distribution of mutual funds

lightbulbDetailed Solution

Any person or entity that markets and distributes mutual fund schemes must obtain an ARN from AMFI after passing the NISM Series V-A certification and completing KYD. The ARN identifies the distributor for commission and tracking purposes.

Reference: NISM Series V-A Mutual Fund Distributors, Chapter 4.

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