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Remember that June 30 is the last day to submit annual Declaration of Self-Certification (DSC) for distributors. AMCs can withhold your trail commission if you do not submit this declaration form.
Last year, AMFI 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, 2023. AMCs can forfeit your trail commission if you did not submit this declaration form by September 30.
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’
However, MFDs working with national distributors as sub brokers can send a scanned copy of annual DSC to the main broker before June 30.
