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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Fund Distribution and Channel Management Practices

A mutual fund distributor wants to sell schemes of various AMCs to investors. Which registration or certification must an individual distributor hold to do this in India?

A mutual fund distributor must pass the NISM-Series-V-A examination and hold a valid AMFI Registration Number (ARN). Broker, portfolio manager or depository participant registrations are separate regimes and do not authorise mutual fund distribution.

  1. AA valid AMFI Registration Number (ARN) after passing the NISM-Series-V-A examinationCorrect
  2. BA portfolio manager licence issued by SEBI
  3. CA stock broker registration with a recognised stock exchange
  4. DA depository participant licence from NSDL

Explanation

To distribute mutual fund units, an individual must pass the NISM-Series-V-A certification and obtain an AMFI Registration Number (ARN). The other options relate to different intermediaries and are not needed for mutual fund distribution.

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