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June 30 is the last day to submit annual Declaration of Self-Certification (DSC) for distributors. AMCs can withhold your trail commission or forfeit it completely if you do not submit this declaration form on time.
While AMFI gives 3 months grace period to distributors to submit annual DSC i.e. till September 30, AMCs withhold your commission from July 1 if you fail to submit annual DSC by June 30. In absence of necessary submission by September 30, AMCs will completely forfeit your trail commission.
AMFI said, “Please note that if the annual DSC is not submitted by 30th June, 2024, payment of all accrued commission shall be withheld by the AMCs from July 01, 2024 till the time the DSC is submitted. Further, if the annual DSC is not submitted by September 30, 2024 the commission withheld for non-submission of DSC shall be forfeited as mentioned in AMFI circular. 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 one time 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.
