Partners FAQ's

What is the relevance of AMFI Registration Number (ARN) ?

	It identifies the person.
	It indicates that the person is registered Financial Advisor.
	Applications / assets mobilized are identifiable.
	Used for the computation of brokerage feasibility.

What are the rules for being Compliant as a Distributor

	A Distributor has to continuously have the validation of registry with AMFI
	The ARN holder has to comply any and all circulars issued by AMFI and SEBI.
	Should not claim brokerage for his/her own investments.
	Should not share brokerage with his client.
	Should submit the Self Declaration form to the AMC before the end of the financial year

What are the consequences of being NON Compliant ?

	Suspension of AMFI Certificate.
	In case Self Declaration not submitted to AMC before the end of the financial year, or within 3 months from the start of next financial year then his brokerage will be suspended thereafter till submission.

What is brokerage and how is it paid ?

	For services rendered by Distributor, the commission being computed is called Brokerage.
	For fresh application mobilized and / or advising unit holder to further invest, a brokerage amount under name UPFRONT is paid.
	For amounts so mobilized that are retained with the Fund, a brokerage amount under the name TRAIL FEE is paid.
	Other than Upfront and Trail Fee, AMC may pay Incentives for achieving Sales Targets and he may also reimbursed expenses incurred for achieving the said sales targets.

How can a distributor have a Nomination and what is the Commission Payable to Nominee

	Distributor will have to nominate for his brokerage amounts receivable by him / her.
	The Nomination procedure is the same as the procedure for UNIT HOLDING.
	Commission accrued till the date of death are payable to Nominee.
	Any further purchases / switch that are made after the date of death do not attract commission.

How do I change an Existing broker code in records ?

The following documents are required to process the change in Broker Code

	Letter required from the investor.
	NOC from the Old Broker whose code needs to be changed.

How do I change the Bank Mandate ?

Please produce the following documents for changing the Bank Mandate

	Letter from the Distributor for the change in Bank Mandate.
	Copy of the cancelled cheque.
	Please fill in the Updation Form and submit after duly signing.