How long is the NISM V-A certificate valid?

Three years from the date of passing. Renew through NISM's Continuing Professional Education (CPE) programme or by re-taking the exam before it lapses.

AMFI (Association of Mutual Funds in India) issues the AMFI Registration Number. Applications are processed through its registrar, CAMS, and require a valid NISM V-A certificate and KYD verification.

Do I need an EUIN as well as an ARN?

An individual distributor's ARN doubles as their identification. An Employee Unique Identification Number (EUIN) is for people who sell on behalf of an ARN holder — employees or sub-brokers of a distributor firm.

Can I distribute mutual funds without an ARN?

No. Selling or advising on mutual fund schemes for a commission requires a valid ARN; the NISM certificate alone is not enough.

Aumsetu › NISM Study Hub › After you pass

Passed NISM V-A? Here is how to get your ARN and start.

The certificate is step one. This is the rest of the road — ARN, KYD, EUIN, empanelment, renewal — written by a working MFD. / NISM पास करने के बाद ARN तक का पूरा रास्ता, एक MFD की ज़ुबानी।

Download your NISM certificate

After the result is declared, log in to the NISM certification portal and download the e-certificate for Series V-A (or V-D, for SIF distribution). Keep the PDF safe — AMFI will ask for it. The certificate is valid for three years from the pass date.

परिणाम आने के बाद NISM पोर्टल से ई-सर्टिफ़िकेट डाउनलोड करें — यह तीन साल के लिए वैध है।

Apply for your ARN with AMFI

The AMFI Registration Number is what lets you distribute mutual funds. Applications go through AMFI's registrar, CAMS, online. You will need:

Your NISM certificate (Series V-A)
PAN card and an address proof (Aadhaar / passport / voter ID)
A passport-size photograph and your bank account details
For a firm or company: incorporation documents, plus each employee's NISM certificate for their EUIN

Along with the application you complete KYD — Know Your Distributor: a one-time verification that includes biometric / in-person confirmation at a designated centre. Pay the registration fee shown on the AMFI/CAMS portal at the time of applying (fees are revised periodically — take the figure from the portal, not from a blog).

ARN के लिए AMFI (CAMS के ज़रिये) ऑनलाइन आवेदन करें — NISM सर्टिफ़िकेट, PAN, पता-प्रमाण, फ़ोटो, बैंक विवरण — और KYD (Know Your Distributor) सत्यापन पूरा करें।

Individual ARN vs firm ARN: if you will sell in your own name, apply as an individual. If a firm/company will sell through employees, the firm holds the ARN and each employee gets an EUIN (Employee Unique Identification Number) after their own NISM certification.

Empanel with AMCs

An ARN lets you distribute; to actually place business you empanel with each Asset Management Company — directly through the AMC's distributor desk, or in one go through a transaction platform (MF Utilities, BSE StAR MF, NSE NMF II). Most new MFDs start with a platform and add direct empanelments as business grows.

ARN मिलने के बाद हर AMC से empanel हों — सीधे या MFU / BSE StAR / NSE NMF जैसे प्लेटफ़ॉर्म से एक साथ।

Know the rules you now work under

Trail commission only — there is no upfront commission; you are paid as long as the money stays invested.
Disclose — the commission you earn, and that a direct plan exists, must be disclosed to the investor.
AMFI Code of Conduct — mis-selling, assured-return claims and rebating can cost you the ARN.
Suitability first — recommend by the client's goal, horizon and risk profile, not by last year's return.

केवल ट्रेल कमीशन, पूरा प्रकटीकरण, AMFI आचार संहिता, और ग्राहक की उपयुक्तता — यही चार नियम आपका करियर तय करते हैं।

Never promise or "assure" a return — not in a WhatsApp message, not in a poster, not in a proposal. Every tool on Aumsetu carries the market-risk disclaimer for exactly this reason.

Set your renewal reminder today

Both the NISM certificate and the ARN have a validity. Renewal needs the CPE programme (or a re-exam) to be completed before the expiry — a lapsed ARN means commission stops. Put the date in your phone now, while you are thinking about it.

🔔 Free ARN renewal reminder (.ics for your calendar)

Your first month as an MFD — free tools, your branding

Everything a distributor needs on day one, built by a distributor: SIP and goal calculators that answer while the client watches, branded proposals and PDFs, a risk profiler, a family goal planner, a daily WhatsApp message with your name on it, and My Desk — a page in your firm's name you can keep open all day. Free, no data used after it loads.

पहले दिन से हर ज़रूरी टूल, आपकी अपनी ब्रांडिंग के साथ — मुफ़्त।

Join the Aumsetu MFD Circle — free → See the calculators

Still preparing?

🎓 NISM V-A mock test 📈 NISM V-D mock test Chapter notes & sample questions 30-day planner

Aumsetu — free tools for Mutual Fund Distributors. This guide is general information from a practising MFD; procedures, documents and fees are set by NISM and AMFI and change from time to time — confirm the current requirements on their official websites before applying. Aumsetu is not affiliated with, endorsed by, or a product of NISM, AMFI or SEBI. Nothing here is investment advice.