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June 30 is the last day to submit annual Declaration of Self-Certification (DSC) for distributors. Remember that AMCs can withhold your trail commission if you do not submit this declaration form.
Further, AMFI has reduced the grace period for MFDs to submit annual DSC to three months. With this, MFDs will have to submit their annual DSC by September 30, 2022.
Remember that AMCs can forfeit your trail commission if you did not submit this declaration form by September 30.
AMFI said, “Please note that if the annual DSC is not submitted by 30th June, 2023, payment of all accrued commission shall be withheld by the AMCs from July 01, 2023 till the time the DSC is submitted. If the annual DSC is not submitted by September 30, 2023 the commission withheld for non-submission of DSC shall be forfeited as mentioned in AMFI circular no. CIR/ ARN/ 23/ 2022-23 dated July 25, 2022, which please note. Hence it is in the interest of the MFDs to submit the DSC well in time, to avoid any inconvenience.”
You can submit your annual DSC online through AMFI website with the help of two onetime passwords (OTPs) – mobile number OTP and email id OTP.
Here is the step-by-step guide to upload DSC:
- Visit distributor corner on AMFI website and click on online ARN renewal module with your existing log-in and password. If you don’t have log-in credentials, send an email from your registered email id to sd_amfi@camsonline.com. CAMS will send you user ID. However, you will have to set password by using ‘forgot password’ option
- Click on the ‘update profile’ and choose the icon ‘Self Declaration’
- Select ‘OTP’ and click on ‘Next’
- Generate OTP and enter both the OTPs sent to your registered mobile number and email id to submit your request
- On successful completion, the system will reflect a message – ‘Annual Self Declaration form submitted successfully’
You can write to AMFI at sd_amfi@camsonline.com for any query or clarification.
