Appointment of Sub-Distributors

An MFD may engage sub-distributors and/or employees for sale and distribution of mutual fund products. All sub-distributors and employees are mandatorily required to (i) pass ‘NISM Series V- A: Mutual Fund Distributors Certification Examination’ conducted by NISM and (ii) register with AMFI and obtain ARN and/or EUIN, as the case may be. Further, all sub-distributors and employees of a MFD are required to mandatorily abide by all applicable SEBI regulations, AMFI Guidelines, including the Code of Conduct for Mutual Fund Distributors.