Earning commissions through mutual fund sales requires an additional step after acquiring your ARN certification. This crucial process is called empanelment, where you formally establish a working relationship and obtain authorization to represent a specific Mutual Fund House as their distributor or agent. Think of it as getting “licensed” to sell their products.
Completing the empanelment process with each Mutual Fund House you wish to work with is mandatory before you can start earning commissions from selling their mutual funds.
It’s important to stay updated on the latest regulations, and you can find information on New Guidelines for Processing Mutual Fund Transactions with Invalid ARNs here: link to the post.
Getting Empaneled with AMCs: A Simplified Guide
Securing an ARN unlocks the door to the world of mutual fund distribution. But before you can earn commissions by selling specific mutual fund products, you need to empanel with the respective Asset Management Companies (AMCs).
“Unlocking the gateway to Mutual Fund Distribution (MFD) begins with securing an ARN. However, to start earning commissions by selling mutual fund products, ARN Holder, brokers must undergo the empanelment process with Asset Management Companies (AMCs).
The empanelment process is generally straightforward and can be done online. Here’s a breakdown:
- Fulfilling Eligibility Requirements: While an active ARN is crucial, it’s essential to meet additional criteria set by individual AMCs. These may include active ARN, qualifications, regulatory compliance, infrastructure, and relevant experience. ARN Holders should carefully review each AMC’s specific requirements.
- Online Process: Almost all AMCs offer online empanelment for your convenience. You can find a list of AMCs with online empanelment options.
- Simplified Documentation: In the current online system, the process is streamlined. You might not need to submit physical documents as details are often verified through One-Time Passwords (OTPs) sent to your registered mobile number. This information is usually already uploaded during your ARN and EUIN (Employee Unique Identification Number) generation.
By addressing these steps comprehensively, brokers can navigate the empanelment process smoothly and position themselves for success in mutual fund distribution.”
The online process requires no document submission. Instead, verification is completed through an OTP sent to your registered mobile number and email.
Mutual Fund Online empanelment process
While the empanelment process is generally similar across most AMCs, it’s still recommended to double-check their specific requirements before starting. This will save you time and ensure you have everything needed for a smooth registration.
Here’s a general overview of the process, keeping in mind that individual AMCs might have slight variations:
- Gather Information: Before visiting the AMC website, have a soft copy of your ARN readily available for reference. It’s also essential to have access to your registered mobile phone & register mail to receive One-Time Passwords (OTPs) during the process.
- Online Portal: Navigate to the specific AMC’s website and locate their distributor empanelment section. This section typically provides detailed instructions and an online registration form.
- Enter Details: Carefully fill out the online form, providing accurate information and following the specific instructions outlined by the chosen AMC.
- Verification: Some AMCs may utilize OTP verification for various steps during the process. Ensure your registered mobile phone is accessible to receive and enter these codes promptly.
- Document Submission: While the online system often streamlines the process, certain AMCs might require uploading specific documents electronically. Check the AMC’s website for any additional documentation requirements.
List of All Mutual Fund House Empanelment Links
The good news is, empaneling with most AMCs is pretty straightforward. It mostly involves filling out an online form with details you already provided when getting your ARN, like your ARN number, name, date of birth, email, and mobile number.
360 ONE Mutual Fund
Aditya Birla Mutual Fund
Axis Mutual Fund – Axis Connect
After visiting the website of Axis Mutual Fund, click on the Empanelment / Login button and type the ARN number.
You will get the OTP as soon as you enter your PAN number, email, mobile etc. details.
After you complete the further process, you will be associated with Axis Mutual Fund and will be able to sell their funds.
Bajaj Finserv Mutual Fund
Bandhan Mutual Fund
Baroda BNP Paribas Mutual Fund
If you can facing any problem.
You can send email with the screen shot at ds.barodabnppmf@kfintech.com or can call at our toll free number 1800-2970-189.
Bank of India Mutual Fund
Canara Robeco Mutual Fund – SmartMFD
Canara Robeco Fund Empanelment Link
DSP Mutual Fund
Edelweiss Mutual Fund – Galaxy
Franklin Templeton India Mutual Fund –
Grow Mutual Fund
HDFC Mutual Fund – MF Online Partners
Helios Mutual Fund –
HSBC Mutual Fund –
ICICI Mutual Fund –
Invesco India Mutual Fund
Invesco India Empanelment Link
ITI Mutual Fund
LIC Mutual Fund
Mirae Asset Mutual Fund
Mirae Asset MF Empanelment Link
Nippon India Mutual Fund – Business Easy
Nippon India MF Empanelment Link
PGIM Mutual Fund
PPFAS Mutual Fund
Quant Mutual Fund
SBI Mutual Fund
Sundaram Mutual Fund
Tata Mutual Fund
Taurus Mutual Fund –
Trust Mutual Fund –
UTI Mutual Fund –
Union Mutual Fund
WhiteOak Mutual Fund
Conclusion
All fund houses have developed websites and mobile apps for their distributors. You can use it for investor related work.
Empanelment process with an Asset Management Company (AMC) presents a seamless path to becoming a registered distributor or agent. The key requirement of holding an ARN makes it accessible for qualified individuals to join the mutual fund distribution industry. By following the online registration process provided by various AMCs, prospective distributors can easily embark on their journey towards a successful partnership. As the process remains user-friendly and efficient, it fosters a conducive environment for professionals to offer mutual fund products and services to their clients while earning commissions. Embracing this opportunity opens doors to a rewarding and fulfilling career in the mutual fund market.
