Mutual Fund: The introduction of online registration facility will provide great relief to new applicants from ARN and EUIN.
Mutual Fund: The Association of Mutual Funds in India (AMFI) on Tuesday said that it has re-opened online registration to issue a new Amphi Registration Number (ARN) and Employee Specific Identification Number (EUIN) to Mutual Fund distributors. started. According to the news of PTI, Amfi has given this information today.
New applicants will get a big relief
According to the news, Amphi said in a statement that due to the second wave of Corona infection, the introduction of online registration facility amidst the ongoing lockdown situation in many parts of the country will provide great relief to new applicants from ARN and EUIN. Amphy said that it has resumed the paperless online registration process on the website for issuing ARNs and EUINs through Aadhaar card and One Time PIN (OTP).
Appeal to take advantage of this facility
Amphi Chief Executive NS Venkatesh said that at Amphi we see technology as an aid that reduces the time spent by distributors or their employees on mundane tasks, helping them to help their customers So that you can use your time better. We urge all our distribution classes to avail this facility.
It is noteworthy that Amfi had started a completely online facility for applying ARN and EUIN numbers through Aadhaar card in the year 2017. However, this facility was withdrawn after the Supreme Court order in the year 2018 regarding the use of Aadhaar card.Use of e-KYC and OTP
However, on behalf of the Unique Identification Authority of India, Amfi has started this re-registration facility after being allowed to use Aadhaar card based authentication service as well as E-KYC (E-KYC and OTP). It was incorporated as a non-profit organization in August 1995. It currently has 44 asset management companies registered with the market regulator SEBI.
