AMFI advisors module - would I be able to sell the mutual fund product of any MF company?

[amitz]

I am LIC Agent, currently pursuing AMFI exam. After passing the AMFI exam of AMFI advisors module, would I be able to sell the mutual fund product of any MF company (e.g. Reliance Mutual Fund, Birla Sun life)?

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[Master]

Yes, you can sell. But now the AMFI exam are no more there (please see below the relevant portion of another post)

With effect from June 1, 2010, AMFI Mutual Fund Certification program is discontinued. Accordingly, test for AMFI Mutual Fund (Basic) Module and AMFI Mutual Fund (Advisors) Module will not be conducted from June 1, 2010. National Institute of Securities Markets (NISM) would be conducting Mutual Fund Distributors Certification Examination from June 1, 2010 onwards. For further details please log on to http://www.nism.ac.in

If you already have passed the exam then you just need to register yourself with that MF company. For thus you need to fill up registration form along with a copy of your AMFI Certification and Photo ID Card. Once you got registered then you can start selling for that MF.

[Expert]

If you have not passed your AMFI exam, then you need to pass ‘National Institute of Securities Market (NISM)-Series-V-A: Mutual Fund Distributors Certification Examination’. AMFI certifications are no more available.

[policy]

Could you please tell me the procedure of renewing of ARN issued to MFs distributors by AMFI?
Whom should they contact - AMFI or NISM?

[Expert]

Could you please tell me the procedure of renewing of ARN issued to MFs distributors by AMFI?
Whom should they contact - AMFI or NISM?

National Institute of Securities Market (NISM) has empanelled some CPE Providers (check www.ciel.co.in for the latest list) to provide continuing professional education (CPE) programmes for revalidating the mandatory certification for distributing mutual funds. This replaces the refresher course that used to be conducted under the auspices of the Association of Mutual Funds in India (AMFI) for renewal the ARNs.