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Showing posts with the label arn number

Take Your First Step to Financial Freedom with NISM V A Certification

  The mutual fund industry in India is booming and there lies an amazing career opportunity for you. Start your own mutual fund distribution business and feel complete financial freedom. Mutual fund distributors earn handsome commissions on mutual fund investments of their clients. If you think you have what it takes to become a successful mutual fund distributor, then start your journey today. Now you may be wondering about the process. Well, here it is:  Get NISM Certification  Not sure what is NISM certification ? NISM or the National Institute of Securities Markets is a trust established by SEBI in 2006 to offer mandatory certification for individuals in the securities market. You can register for the exam on the official NISM website. While there are several courses or certifications available, the NISM Series V A certification exam is the one essential to become a mutual fund distributor .  Apply for ARN Number Not sure what is ARN code? ARN number or ARN code ...

All you Need to Know about Becoming a Mutual Fund Agent

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  Mutual funds allow investors to create wealth over a long period of time. People in India are realizing the significance of mutual fund investments. As a result, an increasing number of people are investing money in MF schemes. While you can also grow your wealth by investing in these schemes, another great way to bank on this boom is by becoming a mutual funds agent. One exam, ARN Number, and you are all set to earn commission on investments by your clients. Check out the below info about mutual funds agent. Duties of a MF Agent ·        A MF agent should primarily educate people interested in buying MF units about effectiveness of mutual fund investments in creating wealth over a long period of time. ·        Mutual fund agents should also inform potential investors about the myriad mutual fund schemes available for investments and the pros and cons of all lucrative schemes. ·      ...

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...

What is the role of an ARN Number in mutual Fund

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 ARN Number popularly known as AFMI Registration Number is a unique code that is assigned to every qualified mutual fund expert or distributor for dealing in mutual fund schemes. This number is allocated by Associations of Mutual Funds in India i.e. AMFI.  ARN is very important for both the intermediary and investors as it is like an unique ID of the intermediary through which assets can be tracked and mobilised by the intermediary. Investors can also take use of ARN to calculate brokerage that could be going to the involved intermediary. AFMI takes great care to assure the investors know the credentials of the intermediary registered with them. One can become an ARN holder by visiting the CAMS website and registering online by obtaining an ARN application form from the nearest CAMS. Along with this, KYD documentation also needs to be furnished and make sure that the required documents are duly filled, checked and attached to the application.  Steps to Apply for AMFI Regi...

What is an ARN Number or AMFI Registration Number ?

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  ARN Number or AMFI Registration Number is a unique number allotted to a mutual fund distributor or any person involved in the distribution or sale of mutual funds to investors. ARN Number in mutual funds can help to protect the interest of the investors and the involved intermediaries. Along with that, mutual fund distributors having an ARN Number can calculate & track the commissions they will receive on their AUM. At the time of mutual fund transactions, the investments of the clients of the mutual fund advisor are mapped to the ARN Number of the client. So, an ARN Holder will always be aware about his business.  The regulatory body SEBI can also refer to the ARN Number allotted to a particular intermediary during the due diligence or for many matters to protect the interest of the investors.   How to obtain ARN Number from AMFI? To obtain the ARN Code in mutual funds and become an AMFI Registered Mutual Fund Distributor by holding an ARN Number, here is the...