Everything you need to Know about ARN Number in Mutual Fund Simply referred to as ARN Number, AMFI Registration Number is a unique number assigned to every registered mutual fund distributor in India. This number is mandatory for anyone seeking to facilitate buying and selling of mutual fund units for investors and earn commission on these investments. It is one of the measures established to safeguard investors and their investments as registration of mutual fund distributors reduces the chances of frauds and scams. Thus, ARN number in mutual fund have immense importance in the industry.
Benefits of ARN Number in Mutual Fund Here we elaborate on the many benefits of an ARN number. Read on! Assurance – An increase in the number of frauds and scams in the mutual funds industry has led to paranoia amongst investors, making them hesitant and sceptical of mutual fund investments. ARN number can help assure such apprehensive investors about the legitimacy of the intermediary. Identity – ARN number in mutual fund is assigned by authorized body. Thus, it acts as an identity proof of the institution offering mutual fund investment options to investors. Tracking – Among the biggest benefits of ARN number is that it allows investors to track assets enlisted by their mediator. Distributor Change – Investors can use this ARN number while changing distributors. No charges for trail commissions are levied in case of distributor change. Calculation – Moreover, an ARN number also allows for seamless calculation of commission earned by a distributor on investments made by their clients. How to Apply for ARN Number You can apply for an ARN number in mutual fund on the CAMS Online website. Make sure you have all the required documents, fill the form and make the payment for application.