What is an ARN Number or AMFI Registration Number ?
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 registration process:
Offline Process- You will have to visit your nearest CAMS branch, and fill the required ARN application form along with attaching the necessary documents like copy of NISM Certification, 2 passport size photographs, copy of KYD, etc. The AMFI application form can also be downloaded from the AMFI’s official website and you can fill the form & submit it in the branch. Also, you will have to attach the Demand Draft in favour of the Association of Mutual Funds in India.
Online Process- For online application, you can visit the official website of AMFI and locate the register section for AMFI ARN number. Therein, you will have to fill in details like educational, personal, bank, signature, etc, to complete the application form. After that, the registration can be completed by paying the application fee of the ARN by AMFI through any mentioned payment mode like net banking, UPI, etc.
Upon successful application, The ARN number will be sent over to your mail within some days and you will also receive a hard copy of the ARN within a month.
What is the application fee for AMFI Registration Number?
The application fees to apply for the AMFI Registration Number will be Rs.1,770 including GST.