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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

Ask us: Mostly, MFDs need not pay GST on income earned from insurance policies as insurers deduct GST on gross commission.

Ask us: MFDs working with NDs and earning over Rs.20 lakh will have to obtain GST registration.

Ask us: Fund houses disburse you commission, which is inclusive of GST.

Ask us: MFDs cannot use words like consultant or coach to promote mutual fund distribution business.

Ask us: However, MFDs cannot use nomenclatures like wealth management, money manager or financial planners in their individual/company name.

Ask us: Since AMFI norms say that assets can only be transferred to valid ARN, you will have to first ensure that the new ARN is KYD complaint.

Ask us: Trail commission rate would be lower of commission on old ARN and new ARN.