AMFI has reintroduced online ARN renewal process for distributors.
Earlier in October, following the Supreme Court’s verdict on Aadhaar, AMFI had discontinued online registration and renewal of ARN for mutual fund distributors. However, the trade body has restarted online renewal process for distributors through Aadhaar.
The process of ARN renewal is completely paperless and based on Aadhaar. Ensure that your Aadhaar is linked with your mobile number to avail this online facility.
In addition, the mark sheet of your NISM Mutual Fund Distribution examination is no longer required to renew ARN. “You won't have to provide your NISM Passing Certificate for ARN Renewal anymore! The status of your NISM certificate renewal will be ascertained and confirmed with NISM through an automated process of daily data feed which NISM has kindly agreed to provide to CAMS - AMFI unit to facilitate this digital initiative,” said AMFI.
You can pay renewal fee online through net banking facility. Currently, distributors have to send their certificates to CAMS along with a DD of Rs.1,770 in favour of the Association of Mutual Funds in India as renewal fee.
Here are the steps for online renewal:
- Login to AMFI website and click on the distributor corner
- Enter your user-id and password
- On successful validation of your login credentials, CAMS will fetch information from NISM on NISM certification / CPE completion
- Once it is found that you have cleared the exam/CPE you will be able to make the online payment
- Amount due to be paid will be automatically updated
- On successful completion of payment, your request will be processed immediately and ARN/EUIN renewed within a few minutes.
For new ARN and EUIN registration, you will have to go through physical process i.e. visit CAMS office with relevant documents such as PAN, Aadhaar, two passport size colour photos, DD of Rs.3540 in favour of Association of Mutual Funds in India, ARN registration form, KYD form and NISM pass certificate. You will have to undergo biometric for KYD.