NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Legal and Regulatory Framework
Which of the following is a mandatory requirement for a person to act as a mutual fund distributor in India?
A mutual fund distributor must pass the NISM-Series-V-A certification and register with AMFI to obtain a valid ARN. No portfolio manager licence, chartered accountancy qualification, or deposit with AMFI is required.
- AHold a valid AMFI Registration Number (ARN) after passing the prescribed NISM certificationCorrect
- BHold a Portfolio Manager licence from SEBI
- CBe a chartered accountant
- DDeposit Rs 10 lakh with AMFI
Explanation
Distributors must pass the NISM-Series-V-A examination and register with AMFI to obtain an ARN. A PMS licence, professional qualification such as CA, or a fixed deposit with AMFI is not required.
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