Ask Us

Ask us: MFDs are entitled to receive trail commission if an investor changes ARN through STP route. However, MFD will have to justify that they have acted in the best interests of clients.

Ask us: MFDs cannot execute partial transfer of their assets.

Ask us: Only Indian MFDs can service Indian investors.

Ask us: NRI MFDs cannot onboard resident individuals as their clients. They will have to source business from NRIs and foreigners only.

Ask us: If the value of the investment amount is less than Rs.50,000, your client may obtain Pan Exempted KYC Registration Number (PEKRN) to process request.

Indian grandparent can invest on behalf of their grandchild through children gift funds.

Ask us: In any case, nominees or legal heirs are entitled to get trail commission on assets built before the demise of an ARN holder without obtaining a fresh ARN.

However, experts believe that MFDs first need to figure out the net impact on taxation before making any decision.

Ask us: AMCs clawback B30 incentives if your B30 investor redeems his investment within the first 12 months of the date of investment.

Ask us: Remember, B30 incentive is payable only if investment has come from retail investors.

Ask us: You should not create an impression that you perform a role of financial advisor for which you are not registered.

Ask us: MFDs who run sole proprietorships will have to obtain NISM certificate before the date of expiry of their ARN.

Ask us: While mutual fund distributors cannot charge fees in lieu of financial advice and mutual fund investments, there is no restriction on MF distributors charge fees for other financial products or services.

Ask us: All nominees of MFDs will have to obtain ARN to continue MF distribution business