EUIN: the Employee Unique Identification Number
The ARN names the distributor; the EUIN names the person who sold the fund.
An EUIN, or Employee Unique Identification Number, is a number AMFI gives to each individual who interacts with investors to sell mutual funds on behalf of a distributor. It is quoted on every transaction alongside the distributor's ARN (AMFI Registration Number), so the person who handled a sale can always be traced.
The ARN identifies the distribution business. The EUIN identifies the human being. If a complaint of mis-selling comes in, the EUIN points to the salesperson even after they have changed jobs.
ARN vs EUIN
Given to
ARN
The distributor: an individual, firm, company or bank
EUIN
The employee, relationship manager or salesperson who deals with investors
Linked to
ARN
The distributor's PAN
EUIN
The individual's PAN
Transferable
ARN
No
EUIN
No, but it stays the same when the person changes employer
Validity
ARN
3 years
EUIN
3 years, tied to the person's NISM certificate
Quoted on transactions
ARN
Yes
EUIN
Yes, alongside the ARN
| Point | ARN | EUIN |
|---|---|---|
| Given to | The distributor: an individual, firm, company or bank | The employee, relationship manager or salesperson who deals with investors |
| Linked to | The distributor's PAN | The individual's PAN |
| Transferable | No | No, but it stays the same when the person changes employer |
| Validity | 3 years | 3 years, tied to the person's NISM certificate |
| Quoted on transactions | Yes | Yes, alongside the ARN |
Who needs an EUIN
- check_circleEvery salesperson of a non-individual distributor (a bank, broking firm, company or LLP) who interacts with investors for the sale of mutual funds.
- check_circleAn individual or sole proprietor distributor gets an EUIN along with the ARN by default, with no separate application and no extra fee.
- check_circleA non-individual entity's ARN is activated only once at least one employee with a valid EUIN is mapped to it. Until then AMFI can allot the ARN only provisionally, against an undertaking to complete the mapping within 6 months.
- check_circleAn applicant for an ARN or EUIN must be at least 18 years old. Applications and renewals are online only, through the AMFI website.
From V-A certificate to a valid EUIN
Illustrative case: Neha joins a bank's wealth desk and will advise customers on mutual funds.
- 1
1. Pass NISM Series V-A
The certificate is the base requirement. Her EUIN cannot outlive it.
- 2
2. Apply online through AMFI
CAMS runs registration for AMFI. Her EUIN is linked to her PAN and mapped to the bank's ARN.
- 3
3. Quote it on every sale
Application forms and electronic feeds carry a separate EUIN box next to the ARN. AMCs validate that the EUIN is valid and mapped to that ARN.
- 4
4. Renew before expiry
ARN and EUIN are valid for 3 years and can be renewed up to 6 months early, but only after the NISM certificate itself has been renewed.
- 5
5. Change employer, keep the number
If she moves to another distributor or turns independent, the EUIN stays the same and is mapped to the new ARN.
Free account, this exam preselected.
Missing or invalid EUIN
AMFI's rule: the transaction is still processed in the Regular Plan, and the distributor or investor is asked to fix it within 30 days, by giving a valid EUIN linked to the ARN or switching to the Direct Plan. If a valid EUIN does not arrive within 30 days, the commission on that transaction is forfeited permanently.
Execution-only transactions
EUIN is required for execution-only (non-advisory) transactions too. Quoting an EUIN does not make a transaction 'advisory'. Only in exceptional cases with no interaction at all between the investor and the distributor's staff may the EUIN box be left blank, and then the AMC must take a separate declaration signed by the investor saying the box was left blank intentionally.
How V-A tests EUIN
Expect 'What is the purpose of EUIN?' with options about commission, tax or KYC. The correct answer is identifying the employee who interacted with the investor, to tackle mis-selling. A second pattern asks what happens to the EUIN when an employee switches jobs: it remains the same. The trap is 'a new EUIN is issued by the new employer'.
FAQs
What is EUIN number in mutual fund?expand_more
The Employee Unique Identification Number that AMFI allots to a distributor's salesperson. It is quoted with the distributor's ARN on transactions so the person who sold the product can be identified.
Is EUIN mandatory?expand_more
Yes, for Regular Plan transactions, including execution-only ones. The only exception is a genuine no-interaction transaction backed by the investor's signed declaration.
What is the difference between ARN and EUIN?expand_more
The ARN belongs to the distributor; the EUIN belongs to the individual employee who deals with investors. Both are quoted on the transaction.
How long is an EUIN valid?expand_more
Three years, and never longer than the holder's NISM certificate. It can be renewed online up to six months before expiry.
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