NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Fund Distribution and Channel Management Practices
Which of the following is a mandatory requirement for an individual to act as a mutual fund distributor in India?
An individual distributor must hold a valid AMFI Registration Number, which is obtained after passing the NISM-Series-V-A examination. Other credentials such as a portfolio manager licence, CA qualification or a large net worth are not required to distribute mutual fund units.
- AHolding a valid AMFI Registration Number (ARN) after passing the NISM-Series-V-A examinationCorrect
- BHolding a SEBI portfolio manager licence
- CBeing a chartered accountant
- DHaving a minimum net worth of Rs 1 crore
Explanation
Distributors must pass the NISM-Series-V-A certification and register with AMFI to obtain an ARN. Portfolio manager licences, professional qualifications such as CA, and a Rs 1 crore net worth are not prerequisites for an individual distributor.
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