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

Which of the following is a requirement for an individual to obtain an AMFI Registration Number (ARN) as a mutual fund distributor?

To get an ARN, an individual must hold a valid NISM-Series-V-A Mutual Fund Distributors certification or an accepted equivalent, along with completing KYD requirements. No minimum net worth, CA qualification or AMC employment is required.

  1. APassing the NISM-Series-V-A certification examination, or holding an equivalent valid certificationCorrect
  2. BHolding a minimum net worth of Rs 1 crore
  3. CBeing a chartered accountant
  4. DBeing an employee of an AMC

Explanation

Individuals must hold a valid NISM-Series-V-A certificate (or an accepted equivalent) and complete KYD formalities to get an ARN. There is no net worth or professional qualification requirement, and distributors need not be AMC employees.

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