Become a Mutual Fund Distributor for a rewarding career!

One of the most rewarding careers in today’s financial services industry is that of independent Mutual Fund Distributor (MFD) – whether you would like to take it up as a full-time profession or as a part-time profession to earn extra income in your spare time and whether you are fresh graduate or a person who has retired from employment or a woman who chose to take a break in her career for the sake of family and now would like to resume working again but with flexible working hours and be your own boss ! What’s more, there’s no capital investment required to start your business as a Mutual Fund Distributor.

How to become a Mutual Fund Distributor?

As per SEBI regulations, any person who wants to become a Mutual Fund Distributor is required to fulfil the following pre-requisites –

1. pass ‘NISM Series V- A: Mutual Fund Distributors Certification Examination’ conducted by National Institute of Securities Markets (NISM) and
2. register with AMFI and obtain AMFI Registration Number (ARN).

In the above context, a non-individual entity applying for ARN should have at least one employee / sales personnel who has passed the above mentioned NISM examination and register with AMFI & obtained Employee Unique identification Number (EUIN), to be eligible for allotment of the ARN.

NISM Series V-A : Mutual Fund Distributors Certification Examination:

Before applying for AMFI Registration to obtain ARN or EUIN, the MFD / employee of the MFD needs to pass ‘NISM Series V- A : Mutual Fund Distributors Certification Examination’ and obtain NISM certificate. For detailed information about NISM Series V-A: MFD Certification Examination please visit: https://www.nism.ac.in/mutual-fund-distributors/ or www.nism.ac.in

To register for the aforesaid NISM certification examination, please visit: https://certifications.nism.ac.in/nismaol/Candidate/UserRegistration.aspx OR www.nism.ac.in

Relaxation for persons under ‘Grandfathered’ Category

As per regulation 4 (3) of SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007, persons who, as on May 31, 2010 (the cut-off date), have either (a) attained the age of 50 years OR (b) have at least 10 years’ experience in the securities markets in the sale and/ or distribution of mutual fund products, have been given an option of obtaining the NISM certification either by passing the NISM certification examination or by obtaining classroom credits by attending a one-day CPE program conducted by NISM or its accredited CPE service providers. The persons referred to at (a) and (b) above are considered as ‘Grandfathered’ Category.