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Need a clarification or more information on an issue?
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Is email id/phone number mandatory to invest in mutual funds?

Ask us: Email id and phone number is mandatory only if an investor uses Aadhaar as officially valid document as address proof and he makes KYC request online.

by Nishant Patnaik Aug 30, 2023

Family members of MFDs can become an RIA

Ask us: You can also explore becoming an EOP to offer direct plans to your clients.

by Nishant Patnaik Aug 6, 2023

Distribution of PMS and AIF is more tax efficient for MFDs

Ask us: Commission income on PMS and AIF is exclusive of GST. This means, the end investor pays GST on the brokerage fee earned from distribution of PMS and AIF.

by Nishant Patnaik Aug 3, 2023

How can agents deal with difficulty in switching insurance company?

Ask us: Agents should approach CEOs if branch manager does not issue NOC to change insurance company.

by Nishant Patnaik Jul 16, 2023

Here is how individual insurance agent can deal with direct plans in insurance

Ask us: Agents should tie up with brokers to offer multiple policies to price sensitive clients.

by Nishant Patnaik Jul 6, 2023

MFDs can become EOPs by segregating distribution of regular and direct plans

Ask us: MFDs will have to float a body corporate and invest in technology platform.

by Nishant Patnaik Jun 14, 2023

Ask us: No relaxation on trail-forfeiture if you delay ARN renewal

AMFI is not considering extending any relaxation period on forfeiture of trail commission due to delay in ARN renewals, said two AMFI ARN committee members.

by Nishant Patnaik Mar 20, 2023

Distributors get trail commission if an investor changes MFD through STP route

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.

by Nishant Patnaik Mar 2, 2023

‘MFDs cannot split their assets to get exemption from GST’

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

by Nishant Patnaik Jan 27, 2023

‘MFDs can obtain GST and cancel multiple times’

Ask us: You can cancel GST in the subsequent year if your income doesn’t hit the threshold limit of Rs.20 lakh.

by Nishant Patnaik Jan 18, 2023

‘MFDs relocating to other countries must surrender ARN’

Ask us: Only Indian MFDs can service Indian investors.

by Nishant Patnaik Jan 11, 2023

‘An NRI can become a mutual fund distributor’

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

by Nishant Patnaik Jan 7, 2023

Pan updating: Quoting PAN or PEKRN is compulsory to redeem money

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.

by Nishant Patnaik Dec 3, 2022

Can an Indian grandparent invest on behalf grandchild staying abroad?

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

by Karishma Gagwani Nov 3, 2022

‘AMFI does not allow nominees of deceased MFD to transfer AUM after six months’

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.

by Nishant Patnaik Oct 28, 2022

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