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Offline Empanelment
How to become a Distributor?
In order for you to become one of our esteemed distributors, you will need to get yourself empanelled as an authorized Distributor for JM Financial Mutual Fund.
In order to empanel yourself with us, you need to carry out the following steps:
- First, get your self-certified (if not previously certified) by The Association of Mutual Funds in India (AMFI), by taking the AMFI test programme. Clearing the AMFI test has been made mandatory by the Securities and Exchange Board of India (SEBI) and can be taken at different cities. For more details on the AMFI programme please visit www.amfiindia.com
- After becoming AMFI certified by clearing the test, you will have to fill up an empanelment form which can be downloaded from this website, or simply email distributorcare@jmfl.com in order to obtain an empanelment form by mail.
- The necessary documents required along with empanelment form are listed below.
Empanelment as an Individual Distributor
In case of Individuals, the duly filled agency application form along with
- Self-Certified copy of ARN Card,
- Self-Certified copy of PAN Card and
- Self-certification form (Hard Copy, dully filled & signed)
- Nomination Form (optional but recommended)
Empanelment as a Corporate Distributor
In case of Corporate Empanelment, the duly filled agency application form along with the following documents is required:
- Self-Certified Copy of Memorandum & Articles of association in the case of companies, partnership deed in the case of partnership firms, society registration documents in the case of societies and trust deed in the case of trusts
- Self-Certified Copy of Board resolution and list of authorized signatories name & signature
- Self-Certified Copy of AMFI ARN certificate of registration / ARN Card issued in name of Company
- Self-Certified Copy of PAN Card
- Self-certification form (Hard Copy dully filled & signed along with company seal affixed)
- List of people who are engaged in Mutual Fund sales business with their ARN Card copy.
These documents along with the empanelment form, duly filled, should be sent to any of the regional offices of JM Financial Mutual Fund from where the Distributor proposes to operate. After reviewing the form, the prospective Distributor will receive an empanelment letter and code number, along with all necessary material (forms, fact sheets, marketing material etc.)
Process And Services
Know Your Distributor - (KYD)
In order to curb financial frauds played on the investors by Mutual Fund distributors/ their employees, AMFI has initiated penal actions against such distributors including suspension of their ARN, advising all the AMCs Board to suspend payment of commission, trail commission, incentives, etc. As one of the measures to control this situation, Securities and Exchange Board of India (SEBI) has advised AMFI to tighten the procedure for Distributor Registration. On reviewing the current procedure for registration of distributors, AMFI has decided to introduce a more stringent Know Your Distributor (KYD) process involving obtaining relevant documents and validation of such documents, personal verification and bio-metrics.
AMFI had decided to introduce Know Your Distributor (KYD) for Mutual Fund Distributors with effect from September 1, 2010, which would be similar to that of Know Your Client (KYC) for investors, requiring the distributors to submit mandatorily identity proof, address proof, PAN and bank account details with proof. It is also decided to introduce bio-metrics as a part of KYD process.
Applicants need to submit their registration applications with AMFI, along with the KYD application, at any CAMS POS location. The list of locations is available on www.amfiindia.com or www.camsonline.com. Distributors must also present the original documents for in-person verification, along with self-attested photocopies, during the application submission.
