Everything you Need to Know about ARN Number in Mutual Fund
Simply referred to as ARN Number, AMFI Registration Number is a unique number assigned to every registered mutual fund distributor in India. This number is mandatory for anyone seeking to facilitate buying and selling of mutual fund units for investors and earn commission on these investments. It is one of the measures established to safeguard investors and their investments as registration of mutual fund distributors reduces the chances of frauds and scams. Thus, ARN number in mutual fund have immense importance in the industry. Benefits of ARN Number in Mutual Fund Here we elaborate on the many benefits of an ARN number. Read on! Assurance – An increase in the number of frauds and scams in the mutual funds industry has led to paranoia amongst investors, making them hesitant and sceptical of mutual fund investments. ARN number can help assure such apprehensive investors about the legitimacy of the intermediary. Identity – ARN number in mutual fund is assigned by aut...