Skip to content

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

Under the AMFI Code of Conduct and SEBI norms, which of the following is a mutual fund distributor required to hold in order to sell mutual fund schemes?

A mutual fund distributor must hold a valid AMFI Registration Number (ARN), which is obtained after passing the NISM-Series-V-A certification examination. Other registrations such as broker membership, portfolio manager licence or banking licence are not required for distribution.

  1. AA valid AMFI Registration Number (ARN) obtained after passing the NISM-Series-V-A examinationCorrect
  2. BA stock broker membership of a recognised exchange
  3. CA portfolio manager registration from SEBI
  4. DA banking licence from the RBI

Explanation

A distributor must pass the NISM-Series-V-A certification and register with AMFI to obtain an ARN. Stock broker membership, PMS registration or a banking licence are not prerequisites for distributing mutual fund units.

Did you get it right without looking?

One question tells you little. A timed set on Fund Distribution and Channel Management Practices shows your real accuracy, how long you take and where you lose marks.

Practise Fund Distribution and Channel Management PracticesFree diagnostic mock

More Fund Distribution and Channel Management Practices questions