How To
Become a Certified MF Advisor
Register for NISM exam
Candidate wishing to become an MF distributor/advisor should first register for National Institute of Security Market (NISM) VA mutual funds distributor certification exam. This can be done by logging into NISM's official website and paying the registration fee of ₹1500.
Pass NISM exam
If the aspiring candidate passes the NISM exam, they will receive their certification to be a mutual funds advisor. This certificate will become available about 30 days after their test results as a hard copy, but its e-format can be downloaded instantly once test results become available. From the date of examination, the certificate's validity lasts a total of three years.
Know your Distributor
After passing the exam and getting certified, the candidate should undergo a mandatory know your distributor process. This will happen when they apply to the Association of Mutual Funds in India (AMFI) – registration number (ARN) to begin either selling or advising on mutual fund schemes in India. All forms that are duly filled need to be submitted through CAMS-KRA (a KYC registration agency), either physically in a CAMS office or online as per requirement.
Register with AMC
Once the mutual fund distributor has obtained their ARN number they are now a Fully-Fledged MF advisor. Now they can begin selling to client and start earning commision for same. The advisor also has option to enter into agreements with fund houses or AMCs themselves rather than their distributors for selling mutual funds.