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| Discuss how to appoint sub-brokers for mutual funds? at the Mutual Funds Discussion Forum within the Traderji.com - Discussion forum for Stocks Commodities & Forex; like to know how to appoint sub-brokers for mutual funds. i have an amfi certificatiion ... |
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#1
9th September 2008, 04:49 PM
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can a mutual fund broker appoint sub-brokers for mutual funds?
like to know how to appoint sub-brokers for mutual funds. i have an amfi certificatiion in my name. i also have a firm which is a corporate agency of a life insurance company. i want to change my amfi certification to my company's name and like to appoint sub-brokers for mutual funds? please help and discuss about all the formalities involved. regards cool_jocky 
Last edited by cool_jocky; 9th September 2008 at 05:53 PM. 
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#2
19th September 2008, 11:30 PM
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Re: can a mutual fund broker appoint sub-brokers for mutual funds?
Hi,
I am also amfi certified and same query is mine. if anybody experienced person can give us guidance on this. Quote:
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#4
12th May 2009, 03:40 PM
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Re: how to appoint sub-brokers for mutual funds?
There is no such sub-broker for mutual funds, as far as I know. If you have got AMFI then you can work for any mutual fund. Yes it is dictated by SEBI norms. It is a good thing to consult a mutual fund agency in your location regarding this.
Good Luck
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#5
24th May 2009, 10:35 PM
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Re: how to appoint sub-brokers for mutual funds?
as far as appointing sub-brokers is concerned the mf houses are no where concerned. it is an entirely internal matter of the ARN holder. as an ARN holder any individual may empanel himself with any fund house. thereafter if he does business through n no. of sub-brokers, it is the decision of the ARN holder.
& cool_jocky to answer your query regarding corporate ARN, you need to apply to AMFI & they will transfer your ARN to that of your company.
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#6
24th May 2009, 10:42 PM
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Re: how to appoint sub-brokers for mutual funds?
as far as appointing sub-brokers is concerned the mf houses are no where concerned. it is an entirely internal matter of the ARN holder. as an ARN holder any individual may empanel himself with any fund house. thereafter if he does business through n no. of sub-brokers, it is the decision of the ARN holder.
& cool_jocky to answer your query regarding corporate ARN, you need to apply to AMFI & they will transfer your ARN to that of your company.
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#7
3rd August 2009, 01:51 PM
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Re: how to appoint sub-brokers for mutual funds?
If you have passed the AMFI test and got your ARN number,You have two choices.
1. Be an independent MF adviser and get yourself registered with various AMCs. 2. Be a partner/sub broker of a MF broking house and get yourself registered with them. Joining a good MF broking house is always a better option as you get a single point contact and do not have to run around to various AMCs. Also you get certain other facilities like monitoring your client's investment,commisions etc. Hope your query is resolved.
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