• ✔ Opportunity for easing the process of mutual funds for investors and Began to earn.
• ✔ Advise people to understand and Buy Mutual Funds. Get beneficial mutual fund agents commission.
• ✔ With LegalRaasta become Mutual Fund Agent / Distributor/Advisor at zero fees.
• ✔ Only Refer Mutual fund Investors' Leads and the Rest will be processed by LegalRaasta.

• ✔ The legal bodies SEBI and AMFI regulation states that the Mutual fund houses in India are not allowed to trade with agents, distributors, or advisors who are not certified with AMFI and got ARN.


• ✔ The qualification criteria base for mutual fund agents, mutual fund distributors, and mutual fund advisors is a minimum of 12 classes passed or 10 classes passed with 3 years of Diploma.


• ✔ The applicant must have completed the age of 18 years for becoming a mutual fund agent. This is the minimum age for applying to become a mutual fund agent.


• ✔ After this, you become qualified to apply for the NISM Series VA Mutual Fund Distributor Certification.


• ✔ Also, get registered and authorized with the Association of Mutual Fund in India i.e AMFI.


• ✔ The formulated fee is Rs. 3000+ 18% GST. This amount has to be submitted in the form of DD i.e. Demand Draft.


• ✔ For senior citizens, the eligibility is different and requires different certifications. Lets us look at how a senior citizen can become a Mutual fund agent.

• ✔ Senior citizens who desire to become Mutual Fund agents or distributors must visit CPE i.e. Continuing Professional Education Training module. They need to fill up the Application Form and Agreement to remain by the Code of Conduct as set by the AMFI.


• ✔ Senior Citizens, who have passed the CPE and their Application have been permitted to give the photo identity card with having unique ARN, address, etc. Same as the one being assigned to individual candidates.


• ✔ The Validity period of the ARN code assigned to the Senior Citizens is also the same as the others i.e. 3 years.


• ✔ The ARN Certificate is assigned to all Individuals, also Companies, involved in trading Mutual Fund Plans.


• ✔ People get this in the form of an ID Card. This includes their photo, ARN number, name, address, and validity time.


• ✔ In the firms or companies' cases, they get a Letter of Registration. This includes the unique ARN, the entity's name, and the ARN's validity time.

Senior citizens who desire to become Mutual Fund agents or distributors must visit CPE i.e. Continuing Professional Education Training module. They need to fill up the Application Form and Agreement to remain by the Code of Conduct as set by the AMFI.

• ✔ Capability to well-organized quantitative analysis for the rate of interest.
• ✔ He/she must understand how to examine debt and loan portfolio performance.
• ✔ Mutual Fund Distributor must recognize how to achieve credit evaluation with global practices.
• ✔ Mutual Fund Advisors should comprehend how to create more useful trade ideas & know the difficulty in case of a loan.
• ✔ Mutual fund agents must identify how to create credit strategies and credit portfolios.

In accordance with the investor's risk tolerance, a mutual fund agent recommends the best type of mutual fund.

An investment advisor, on the other hand, suggests the appropriate type of investment strategy based on a client's total assets and liabilities while taking into account total expenses and incomes. Additionally, bear in mind that a mutual fund agent is not permitted to sell any mutual fund that is deemed unsuitable for an investor because doing so would constitute "misselling," a crime. Investment advisors are registered with the Securities and Exchange Board of India, while mutual fund agents are registered with the AMFI.

This is a Unique Number assigned to only those Mutual Fund Agents, Mutual Fund Distributors, and Brokers who have passed NISM Certification. In case you are a senior citizen, you 1st need to clear CPE Continuing Professional Education i.e. to get ARN. The assigned ARN ID card has the name of the AMC. Also have details like a picture of the Cardholder, ARN number, address, and validity. It is given to the companies and individuals involved in Mutual Funds Trading, by AMFI.

The ARN Card is mandatory as it is the only key that allows you to sell mutual funds or advice and recommend funds to the investor. It’s important for your investors to know that you have an ARN Card and you are an enrolled member of the mutual fund industry. As this is the only way you can build the trust of investors and they will know that you follow the guidelines of SEBI.The NISM Certificate and ARN Code are valid for 3 years after that they need renewal.

EUIN is an Employee Unique Identification Number, this helps to get in direct touch with the customer. It means a unique identification number of an employee, the customer relationship Manager, or the distributor in direct contact with the customer. EUIN number is applicable to all the sales staff of the non-individual ARN holders. This number is given by the AMFI, in addition to the ARN of the Distributor. The introduction of EUIN by SEBI has the purpose to check sales in the name of the ARN Holder Entity and also if the Employee, Relationship Manager, or Salesperson has left the job with that Distributor.

It is a Unique Identity Number of the Employee, Customer Relationship Manager, or the Salesperson of the Distributor who is in direct touch with the Client. He/she is the one transacting with the Investor for the sale of Mutual Fund Products. EUIN applies to the Sales Staff of Non-Individual ARN holders. The ARN Application Form for such entities has to be accompanied by the Application for Registration of corporate employees. The employees will then, clear the test and enroll with AMFI, under the ARN of the employer.

They would be declared EUIN Cards with their EUIN, his/her name, photo, and the legality period of the EUIN. AMFI gives the EUIN to all the employees, who are enrolled with AMFI and have a confirmed registration. This means Photo ID Card having EUIN is allotted to the corporate employees. It is necessary to consider this EUIN on the Mutual Fund scheme application forms. Extracting EUIN is necessary while directing transactions.

EUIN issued to the employees continues to be the same. Also, if they shift to some other ARN holder and leave their current employment. After leaving the employment they still are involved in the sales or marketing of Mutual Fund products. To obtain the changes in the AMFI records about the shift in their ARN Holder, they have to present a properly filled Form for Mapping EUIN.

The situations to fill this Form have been declared as under:

• ✔ When the EUIN holder has separated from the present ARN holder.
• ✔ He/She has begun his own business of sale or purchasing of mutual funds.
• ✔ EUIN holder has switched employment. Also, wants to be outlined the ARN number of the existing employer.
• ✔ For the removal of EUIN.
• ✔ Following the situations discussed above, this form is to be presented to CAMS with the needed documents.

Mutual fund agents can create a revenue source for themselves by engaging commission formation in place for mutual fund distributors.

A mutual fund agent/ distributor can get a commission as shown below:

• ✔ Commission from Clients
• ✔ Upfront Commission
• ✔ Trail Commission
• ✔ One-Time Transaction Charge

The entire earnings of the Mutual Fund Agent will be Rs. 1,10,972. From the above table, you can understand that the Mutual Fund Agent’s profits are low at the start but drastically enhanced as Asset Under Management raises. One can very completely recognize from this table that the more leading the business you get, the greater your rewards. Usually, the Banks and National Distributors get rewarded the greatest because of the absolute volume of investments that they get. However, many Independent Mutual Fund Agents have also noticed a growth in their fees and commissions, having developed their businesses in current years.