Every intermediary needs an ARN code, Register yourself
Arn Code in mutual fund
An application reference number is referred to as ARN. Each certified mutual fund distributor or expert is given a different number that they can use to trade in different schemes.
WHY is ARN CODE required?
Everyone has heard the television commercial phrase, "Mutual fund investments are subject to market risk." But that doesn't mean one can't take greater precautions to lower the danger. Therefore, it is the intermediary's responsibility to inform and educate the investor about the potential hazards. The interests of all parties to the transaction will be protected in this way.
To protect investors, SEBI and AMFI take several steps. One such step entails requiring distributors to get an ARN code. For instance, the National Institute of Securities Markets (NISM) certification is required by the Association of Mutual Funds in India (AMFI) for all intermediaries engaged in the sale or marketing of mutual funds. They must sign up with AMFI to acquire certification after passing the exam.
How to get an ARN code?
Computer Age Management Services Pvt. Ltd. (CAMS) handles the registration processing and ARN issuance on behalf of AMFI.
The form on which intermediaries should apply is specified. It is accessible online and in the AMFI and CAMS offices.
From the CAMS online service, you may also apply.
Send the application form and the acknowledgment from Know Your Dealer (KYD).
The person must physically produce the KYD application form after applying for it.
A copy of the intermediary's NISM certification, an Aadhaar card, a PAN card, verification of a bank account, and two passport-size photos are required.
The cost is Rs. 3,540 for individuals and seniors, including GST. For corporations and other entities, there will be different costs and documents.