In India’s rapidly growing mutual fund industry, ensuring trust, transparency, and compliance is crucial. That’s where AMFI (Association of Mutual Funds in India) comes in. AMFI is a non-profit organization established in 1995 to regulate, promote, and develop the mutual fund industry in India.
Anyone looking to distribute or sell mutual fund products legally in India must be registered with AMFI. Whether you are an individual distributor or represent an organization, being AMFI registered is a mark of professionalism and compliance in the mutual fund space.
✅ Who is an AMFI Registered Distributor?
An AMFI registered distributor is an individual or organization authorized to sell mutual fund schemes to investors in India. These distributors must pass the prescribed certification exam and be enrolled with AMFI under a unique ARN (AMFI Registration Number).
Distributors act as intermediaries between Asset Management Companies (AMCs) and investors, guiding clients on various mutual fund schemes, risk factors, and investment options.
📌 Benefits of Becoming AMFI Registered
- ✅ Legal Authorization to Sell Mutual Funds
- Only AMFI registered individuals/entities can promote and distribute mutual fund schemes in India.
- ✅ Credibility and Recognition
- AMFI registration establishes you as a certified and compliant professional in the financial ecosystem.
- ✅ Access to All AMCs
- Registered distributors can partner with multiple fund houses and offer a wide range of investment products.
- ✅ Commission-Based Income
- Distributors earn commission and trail income based on the amount invested and the duration of investment.
- ✅ Growing Industry
- With increasing awareness and government push for mutual fund investments, there’s a high demand for certified mutual fund advisors.
🧾 Eligibility Criteria for AMFI Registration (Individuals)
To become an AMFI registered distributor, an individual must meet the following conditions:
- Be at least 18 years of age
- Have passed the NISM Series V-A: Mutual Fund Distributors Certification Exam
- Have valid PAN card and Aadhaar card
- No record of financial fraud or regulatory violation
- Not debarred by SEBI or other regulatory bodies
📘 How to Become an AMFI Registered Distributor – Step-by-Step Process
Step 1: Pass the NISM Certification Exam
The NISM-Series V-A: Mutual Fund Distributors Certification Examination is conducted by the National Institute of Securities Markets (NISM).
- Mode: Online, multiple choice
- Duration: 2 hours
- Pass Marks: 50%
- Validity: 3 years
This exam is mandatory for both individuals and employees of corporates intending to distribute mutual fund products.
Step 2: Apply for AMFI Registration
Once the candidate clears the NISM exam, the next step is to apply for AMFI Registration Number (ARN) or Employee Unique Identification Number (EUIN) for employees.
Required Documents:
- NISM certificate (copy)
- PAN card (copy)
- Aadhaar card (copy)
- Passport-size photograph
- Signed declaration and application form
Applications can be submitted via:
- AMFI’s online portal
- CAMSKRA (CAMS - Karvy) offices across India
Step 3: Pay AMFI Registration Fees
AMFI registration fees for individuals are as follows:
CategoryFee (Including GST)Individual Distributor (ARN)₹3,540Senior Citizens (Above 60 years)₹2,360EUIN (Employee ID) for Corporates₹1,180Renewal Fee (after 3 years)Same as new fees
Payment can be made via:
- Net banking
- UPI
- Debit/Credit cards
- Demand Draft (offline submission)
Step 4: ARN Card Issued
Once approved, AMFI issues an ARN (AMFI Registration Number) and a physical ARN ID card. The distributor can now start working with fund houses to distribute mutual funds.
ARN must be quoted in all transaction forms, distributor agreements, and investor communication.
🔁 AMFI ARN Renewal Process
AMFI registration is valid for 3 years, after which it must be renewed.
Renewal Steps:
- Re-appear for the NISM Series V-A exam or complete the Continuing Professional Education (CPE) program
- Submit renewal application with updated documents
- Pay renewal fee (same as new registration fee)
Corpzo.com can assist with timely renewals and compliance reminders for seamless continuation.
🔐 EUIN vs ARN – What’s the Difference?
ParameterARNEUINFull FormAMFI Registration NumberEmployee Unique ID NumberIssued ToIndividuals, firms, companiesEmployees of ARN holdersPurposeSell and distribute mutual fundsTrack employee transactionsValidity3 years3 yearsRegistered ByAMFI via CAMSAMFI via CAMS
Important: EUIN is mandatory for employees of banks or distribution companies who interact with clients.
💼 How Corpzo.com Supports Your AMFI Registration
At Corpzo.com, we simplify the process of becoming an AMFI registered distributor through:
- 📘 NISM Exam guidance and registration
- 🧾 Document preparation and verification
- 🧾 Filing AMFI application online and offline
- 🔁 Renewals and compliance tracking
- 💬 Query handling and communication with AMFI/CAMS
Whether you're an individual starting out or a financial advisory firm, our team ensures end-to-end support for AMFI ARN and EUIN registration.
📊 Market Opportunity for AMFI Distributors
India’s mutual fund assets under management (AUM) crossed ₹45 lakh crore in 2023, and continue to grow rapidly. Factors contributing to this boom:
- Growing financial literacy and internet penetration
- Government campaigns like “Mutual Funds Sahi Hai”
- Shift from fixed deposits to market-linked instruments
- Rise in SIP (Systematic Investment Plan) investors
This opens up huge earning potential for distributors through:
- Upfront commissions
- Trail income
- Cross-selling of insurance, bonds, and investment products
🧠 FAQs – AMFI Registration for Individuals
❓ Is NISM certification mandatory for AMFI ARN?
Yes. Passing NISM Series V-A is a must before applying for ARN.
❓ Can I apply for AMFI registration online?
Yes. Applications can be submitted via CAMS AMFI portal along with online payment.
❓ What is the AMFI registration fee for individual distributors?
As of now, the fee is ₹3,540 including GST. Reduced fee of ₹2,360 applies to senior citizens.
❓ How long does it take to get AMFI registered?
Typically, 7–15 working days after successful submission and verification.
❓ What happens if I don’t renew my ARN?
You will not be legally allowed to distribute mutual fund products until the ARN is renewed.
📞 Ready to Become an AMFI Registered Distributor?
If you're passionate about finance and want to build a sustainable income stream by helping people invest better, AMFI registration is your first step.
Let Corpzo.com guide you through the process—seamlessly, efficiently, and with expert support.
Brand Name:- CorpZo
Address:- G 10, Sector 63, Noida, India, 201301,
Email:- reach@corpzo.com,
Phone:- +91 9999 139 391,
Web Address:- https://www.corpzo.com
Corpzo.com – Empowering Financial Professionals, One ARN at a Time.