Skip to content

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

Which document must a mutual fund distributor obtain from AMFI to be eligible to sell mutual fund units, in addition to passing the NISM-Series-V-A examination?

A mutual fund distributor needs an ARN, the AMFI Registration Number, after clearing the NISM-Series-V-A examination. The ARN identifies the distributor on every transaction and is mandatory for earning commission. Demat, broker or portfolio manager registrations are unrelated to mutual fund distribution.

  1. AARN (AMFI Registration Number)Correct
  2. BPAN-linked demat account number
  3. CSEBI portfolio manager licence
  4. DStock broker membership code

Explanation

A distributor who has passed the NISM-Series-V-A examination registers with AMFI and receives an ARN, which is quoted on every transaction routed through that distributor. The other items relate to different activities such as broking or portfolio management and are not needed to distribute mutual funds.

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