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‘You have to forgo trail commission if you don’t renew ARN within six months of expiry’

Currently, there is no timeline to renew ARN.

by Team Cafemutual Jun 22, 2020

Ask us: While upfronting of trail commission is allowed in SIPs, it comes with terms and conditions

AMCs are allowed to do upfronting of trail commission only for first time SIP investor based on PAN.

by Nishant Patnaik Jun 8, 2020

‘You can transfer AUM from national distributor to your ARN only if you get clearance from AMFI’

Since partial transfer of assets is no longer allowed, you cannot transfer your assets from NDs to individual ARN in normal course.

by Nishant Patnaik Mar 9, 2020

‘Remember updating AMFI on your GST status to avoid taxmen notice’

MF distributors are required to intimate AMFI after cancelling their GST.

by Nishant Patnaik Mar 4, 2020

GST exemption on Rs.20 lakh is applicable irrespective of your state

You can avail GST exemption if you earn less than Rs.20 lakh across all financial products irrespective of your physical location.

by Nishant Patnaik Jan 28, 2020

‘You make a request to transfer your assets within six months of cancellation of your previous ARN’

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.

by Nishant Patnaik Jan 27, 2020

Distributors earning less than Rs.20 lakh should cancel GST registration

You will have to pay GST from Re.1 even if you earn less than Rs.20 lakh and have GST registration number.

by Nishant Patnaik Jan 24, 2020

You are allowed to incorporate name change in your ARN

Ensure that you have updated your PAN details before applying for changing name in ARN.

by Nishant Patnaik Jan 13, 2020

You can simply tie up with AMCs to do KYC online and onboard your clients within a few minutes

Ask us: Most distributors use services of AMCs to make onboaring of new clients easier.

by Nishant Patnaik Jan 9, 2020

A guide to opt for GST Composition Scheme

Ask us: Only Maharashtra based advisors can opt for GST Composition Scheme.

by Nishant Patnaik Jan 8, 2020

Ask us: A national distributor can transfer assets of their sub brokers internally

In this case, the new distributors would get trail commission.

by Nishant Patnaik Dec 22, 2019

You can continue to claim your pending commission

SEBI has asked fund houses to put pending commission in escrow account.

by Nishant Patnaik Oct 29, 2019

Ask us: Nomination cannot be changed after demise of the ARN holder

However, a nominee can transfer assets to the new ARN with due consent of investors.

by Nishant Patnaik Oct 6, 2019

‘Surrendering ARN without transferring assets would be considered as voluntary exit’

In this case, even if a client changes ARN, the new distributors would get trail commission.

by Nishant Patnaik Sep 15, 2019

You will continue to get brokerage if you merge ARNs within your family in one

The merged entity will receive the trail commission.

by Nishant Patnaik Aug 20, 2019

POLL

MORE POLLS

AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

EVENTS FORUMS