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I am an IFA. I want to expand my business by hiring sub-brokers. What could be the process for that and what could be the AMFI fee?

With regard to your query, we wish to inform you that AMFI is not an entity through which you can appoint sub-brokers under your ARN code.  AMFI does not maintain any sub-broker related files for the record. Hence, do not have to pay any fees to AMFI for the process of appointing sub-brokers.

For the sub-broker to be registered with AMFI to get an ARN code, one has to successfully clear the NISM Series V Mutual Fund certification. The sub-broker you appoint, must be an ARN holder.

Once you appoint a sub-broker, he can mention your ARN code and his/her own ARN code (sub-broker code) while conducting business across AMC’s.

Disclaimer:

Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Please visit - www.QuantumMF.com to read Scheme Specific Risk Factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the scheme's objective will be achieved and the NAV of the scheme(s) may go up or down depending upon the factors and forces affecting securities markets. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the Sponsor / AMC/ Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited (AMC). The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.