Mutual Fund Distributor Registration

Becoming a Certified Mutual Fund Expert

Complete guidance for becoming a Mutual Fund Distributor. We help with NISM Series V-A certification, EUIN, and ARN code application via AMFI.

Get registered as an AMFI Registered Mutual Fund Distributor (ARM) to legally sell mutual fund products and earn commissions.

Start your journey as a professional wealth creator. Obtain your ARN code from AMFI and start distributing mutual funds to your clients.

A Mutual Fund Distributor (MFD) acts as a bridge between Asset Management Companies (AMCs) and investors. To legally distribute mutual funds in India, one must pass the NISM Series V-A exam and obtain an AMFI Registration Number (ARN).

Unlike Investment Advisors (RIAs) who charge fees from clients, MFDs earn commissions (trail income) from the fund houses for the investments made through them. This makes it an attractive career path for individuals looking to build a scalable financial services business with no direct fee burden on the client.

QuickTaxperts assists you in every step, from NISM exam registration to obtaining your ARN and EUIN (Employee Unique Identification Number).

• Category: Financial Services
• Access to all 40+ Mutual Fund Houses in India.
• Legal authority to use 'AMFI Registered Mutual Fund Distributor' on your branding.
• Recurring trail commission based on Assets Under Management (AUM).
• Easy online management of client portfolios through platforms like BSE Star MF or NSE NMF II.
• Mandatory for earning commissions from AMCs
• Requires NISM Series V-A certification
• AMFI Registration Number (ARN) issued by CAMS
• Enables Empanelment with all Mutual Fund Houses

Who can become an MFD?

Simple requirements to start your distribution business.

• Age & Education: Minimum 18 years of age and 10th or 12th standard pass (depending on category).
• NISM V-A: Passing the NISM Series V-A: Mutual Fund Distributors Certification Examination is mandatory.
• KYC Compliance: Must have a valid PAN card and be KYC compliant in the AMFI records.
• KYD Process: Mandatory 'Know Your Distributor' (KYD) process involving biometric verification.

Documents required

Document requirements vary by entity type, state, premises, and authority. These are the usual groups we verify before submission.

• Registration Essentials: NISM Series V-A Passing Certificate.; PAN Card Copy.; Aadhaar Card for KYD verification.; Two Passport size photographs.; Cancelled Cheque for commission payments.; Educational qualification proof (Marksheets/Certificates).

Process and timeline

• NISM Certification: Enroll and pass the NISM Series V-A Mutual Fund Distributors exam.
• KYD Completion: Complete the Know Your Distributor (KYD) process at a CAMS/KFintech service center.
• ARN Application: Submit the ARN application form online or physically to AMFI/CAMS.
• Fee Payment: Pay the AMFI registration fee (approx ₹1,500 + GST for individuals).
• ARN Issuance: Receive your ARN card and EUIN via post and email.

Expert review

Mutual Fund Distributor Registration content is reviewed by QuickTaxperts Financial Services Team, Wealth Management Consultants.

• Checklist-led review
• Document pre-verification
• Authority-specific next steps

Frequently asked questions

These quick answers cover common planning questions before you request a checklist or quote.

• What is an ARN number?: ARN stands for AMFI Registration Number. It is a unique code assigned to distributors to track their sales and commissions.
• How much commission does an MFD earn?: Commissions vary by fund type (Equity/Debt) and fund house, typically ranging from 0.1% to 1.5% per annum as trail income.
• Is the NISM V-A exam difficult?: It is a basic level exam covering the fundamentals of mutual funds. With 1-2 weeks of study, most candidates pass easily.
• Can a salaried person become an MFD?: Yes, provided their current employment contract does not prohibit side businesses or professional engagements in financial services.
• How long is the ARN valid?: The ARN is valid for 3 years from the date of issuance and must be renewed by attending a CPE session or retaking the exam.
• What is EUIN?: EUIN is the Employee Unique Identification Number, mandatory for individuals interacting with clients for mutual fund sales.
• Do I need an office to start?: No, you can start as an individual distributor from home. Many distributors use digital platforms for client onboarding.
• Can I sell other products with ARN?: ARN specifically allows you to sell Mutual Funds. For Insurance or Stocks, separate registrations are required.