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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Legal and Regulatory Framework

A mutual fund distributor wants to sell mutual fund schemes to retail investors in India. Which of the following is a mandatory requirement for obtaining an AMFI Registration Number (ARN)?

Passing the NISM-Series-V-A Mutual Fund Distributors certification examination is required, along with KYC and AMFI registration formalities. There is no minimum net worth, stock exchange membership or postgraduate degree requirement for obtaining an ARN.

  1. APassing the NISM-Series-V-A certification examinationCorrect
  2. BHolding a minimum net worth of Rs 1 crore
  3. CBeing a member of a recognised stock exchange
  4. DHolding a postgraduate degree in finance

Explanation

Distributors must hold a valid NISM-Series-V-A certification (or a recognised exemption) to obtain an ARN from AMFI, along with KYC and other compliance. There is no net worth, exchange membership or postgraduate degree requirement for individuals.

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