NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Legal and Regulatory Framework
Which of the following is a requirement for a person to be eligible to be a mutual fund distributor and obtain an AMFI Registration Number (ARN)?
A distributor needs a valid NISM-Series-V-A certification, or an approved equivalent, to obtain an ARN from AMFI. A postgraduate degree, banking experience or chartered accountancy is not the prescribed requirement for registration.
- AHolding a valid NISM-Series-V-A certification or an equivalent approved certificationCorrect
- BHolding a postgraduate degree in finance
- CHaving at least five years of experience in banking
- DBeing a chartered accountant
Explanation
Distributors must pass the NISM-Series-V-A certification (or an exempted equivalent qualification) and then register with AMFI to receive an ARN. Degrees or specific professional experience are not the mandated criteria.
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