NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Fund Distribution and Channel Management Practices
A person who wishes to work as a mutual fund distributor in India must hold which of the following credentials before selling mutual fund schemes?
A mutual fund distributor must pass the NISM-Series-V-A examination and register with AMFI to obtain an AMFI Registration Number (ARN). Portfolio manager licences, exchange memberships or custodian registrations are unrelated to distributing mutual fund schemes.
- AA valid AMFI Registration Number (ARN) obtained after passing the NISM-Series-V-A examinationCorrect
- BA portfolio manager licence issued by SEBI
- CA trading membership of a recognised stock exchange
- DA custodian registration issued by the depository
Explanation
Distributors must pass the NISM-Series-V-A certification and register with AMFI to obtain an ARN. A portfolio manager licence, stock exchange membership or custodian registration is not what is required to distribute mutual fund units.
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