v 1.1.0

About Membership

A limited purpose membership is being offered to all the Mutual Fund distributors to use the exchange infrastructure to purchase and redeem mutual fund units on behalf of their clients.

Eligibility Criteria

Entities allowed to seek permission :

  • Individuals
  • Partnership Firms
  • Corporate / LLP / Trust / Societies / any other entities granted membership by AMFI as a Distributor

AMFI Registration Number :

  • Applicant should have valid registration with AMFI in name of Individual / Entity seeking limited membership on Exchange platform

Documents required to be submitted

  • Application form -Annexure 1
  • Undertaking to be submitted by Mutual Fund Distributor- Annexure 2
  • Certified true copies of ARN certificates
  • Board Resolution in case of Corporates
  • Formats for Membership

Refundable Deposit to be remitted by the MF Distributor

SNo Constitution Deposit Amount in Rs./-
1 Individual / Proprietorship / Partnership Firm/LLP/Trust/Society/HUF/any other entity granted membership by AMFI Rs 15000/-
2 Corporate Rs 25000/-

Grant of Membership

On successful scrutiny, the exchange will grant membership of the NMF II platform to the applicant

An approval letter will be issued to member distributor with

  1. Unique identification number for the member
  2. Login details to access NMF II platform

Existing Members

All existing members who are registered for the MFSS platform are automatically eligible for the membership of the NMF II platform, they have to submit Annexure 4 for enablement of NMF II platform.
Annexure 4

Surrender of membership

The existing members of NMF II platform can apply for surrender of membership by submitting below given form .
Surrender of form