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Agreement Registration Number

Agreement registration number, commonly known as ARN, is a unique identification number allotted to a mutual fund distributor by the Association of Mutual Funds in India (AMFI). The ARN is crucial for a distributor as it allows them to register with AMFI and legally distribute mutual funds to investors.

The ARN consists of 10 digits and is a combination of alphabets and numerals. The first four digits represent the code of the mutual fund distributor, while the remaining digits are generated based on the distributor`s details such as name, address, and contact information.

To obtain an ARN, a mutual fund distributor needs to fulfill certain criteria. They need to pass the National Institute of Securities Markets (NISM) certification examination and obtain a valid score. Furthermore, they need to submit their application to AMFI, along with their NISM certificate, KYC documentation, and registration fee.

Once the application is approved, AMFI will allot a unique ARN to the distributor, which they can use to distribute mutual funds to investors. The ARN is essential as it allows the distributor to track their transactions and commissions accurately.

Investors can verify the ARN of their mutual fund distributor by visiting the AMFI website and entering the distributor`s details. This ensures that the distributor is registered with AMFI and authorized to distribute mutual funds.

In conclusion, the agreement registration number is a vital aspect of mutual fund distribution in India. It allows distributors to legally distribute mutual funds and track their transactions accurately. Investors can verify the ARN of their mutual fund distributor to ensure that they are registered with AMFI.