Securities and Exchange Board of India (SEBI) has advised AMFI to review the existing registration procedure for Mutual Fund
Distributors and initiate necessary action to strengthen the same to ensure correctness of information furnished in the registration
application and also to have in person verification of the ARN holders.
AMFI has therefore decided to introduce Know Your Distributor (KYD) process for the Mutual Fund distributors with effect from
September 1, 2010. The KYD procedure consists of document verification and Bio-metric process. The distributor is therefore required to
apply for KYD simultaneously alongwith application for registration of ARN. Please click here for detailed process note
and KYD application form for
- Individual
- Non Individual
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