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 :

  • Individual and proprietorship single valid ARN
  • Other entities minimum two valid ARNs one in name of entity and other in name of employee/ partner/director as applicable.

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/-

Fees And Deposits

SNo Particulars of charges / fees Amount in Rs./-
1 Annual renewal fee Rs 2000/-

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

For existing Members

All existing members who are registered for the MFSS platform are automatically eligible for the membership of the new NMF II platform