euin no plz

IS THERE ANY LINK TO GET THE EUIN NO AGAINST MY ARN CODE? AS I DID NOT GET LETTER FROM ANYBODY TO GET EUIN NO.

I am an individual mutual fund distributor, I have not got my EUIN No. How to get it?

IS THERE ANY LINK TO GET THE EUIN NO AGAINST MY ARN CODE? AS I DID NOT GET LETTER FROM ANYBODY TO GET EUIN NO.

very informative and helpful

very helpful and informative.

Does an individual ARN holder need to get EUIN no ? If yes is there any specific format or form, can be downloaded from where ?

I am sure,the EUIN move is going to make things more streamlined in future.My suggestion is, if a corporate ARN is KYD complied, why cant AMFI link the data to the ARN & atleast not with hold the brokerages,while all systems & processes in this regard are being put in place.where genuinely no employee is deployed for sales & marketing of MF. It is a severe discouraging factor in an already tough industry. Ashish Kr Siddhanta/Partner[CLEANFLO]

Hi, I am holding an ARN Card mapped with ICICI Bank and got relieved in the month of Nov12. Now I am working with HSBC Bank. Please advise me how to get EUIN or how to map/transfer my existing ARN to current employer or Do i need to cancel/surrender the existing card and write a fresh AMFI test again? My Certificate is valid till July,2014.

WANTED TO KNOW IF ARN - 3083 - IS EUIN COMPLAINT OR NOT

GOOD

how to be EUIN compliant ? inputs of mis-selling cases please guide me.

Hi Darshit, you appear to be compliant. However, you need to also ensure that all your sales staff - who advise clients and sell mutual funds, are EUIN compliant. This means that they will need to pass the MFD certification exams and apply to AMFI for registration as your employees. When AMFI registers them, it will also send them their respective EUINs. Hope this clarifies.

I am Director of a Pvt. Ltd. company engaged in marketing Financial Products. On renewal of my ARN, AMFI sent me my photo ID with my Name & Organization in which I am Director. Do I have to do any further procedure to be EUIN compliant?

What is SEBI doing regarding funds and scheme not performing.

The buyer should be aware of what he is looking for. If he clarifies his needs, mostly which he does not, and the seller sells him something which is not as per the buyers needs and the sale benefits the seller more then it is a case of mis-selling. However, neither the investor or the distributor under the present discussion are God Gift to Mankind.

I am independent individual advisor.is it necessary for me to obtain EUNI?

CHANGES ARE EXPECTED, AND ONE SHOULD BE PREPARED TO ACCEPT, AND PREPARE TO FACE THE CHALLENGES. IT IS HOWEVER IRONICAL TO TARGET ONLY MUTUAL FUNDS IFAs, WHAT ABOUT INSURANCE AGENTS, BANKs ALSO DIVERT THEIR FD CUSTOMERS TO INSURANCE POLICIES. SECONDLY THE AMFI REG PROCESS IS VERY COSTLY AS COMPARED TO INSURANCE. THERE SHOULD BE LEVEL PLAYING FIELD.

IT IS SEBI, AMFI AND PROBABLY RBIS DUTY TO MAKE CUSTOMERS AT LARGE AWARE OF MIS-SELLING AND IMPORTANCE OF ASKING FOR AMFI CERTIFICATION, EUIN NO. FROM EMPLOYEES OF VARIOUS COMPANIES MARKETING MUTUAL FUNDS. LET IT BE VIGOROUS ADVERTISEMENT IN PRINT AND ELECTRONIC MEDIA AND THROUGH FM RADIO.

I THINK THE BIGGER DISTRIBUTORS LIKE BANKS [ MAINLY GLOBAL AND PVT. ] AND LARGE NATIONAL DISTRIBUTORS WOULD CONTINUE TO FLOUT THE PROPOSED EUIN RULES AS THEY HAVE HUGE CHURNING IN MANPOWER AROUND THE YEAR. HENCE, THEY WOULD REFRAIN FROM TAKING EUIN FOR EMPLOYEES [ OFF ROLL AND ON ROLL] AND CONTINUE TO LOG IN BUSINESS ONLY THROUGH KEY PERSONNEL FOR WHOM THEY WOULD APPLY FOR EUIN. MOREOVER, ACTUALLY WE SHOUT ABOUT MIS-SELLING MORE OFTEN BUT IN REALITY , THERE ARE A VERY FEW COMPLAINTS AT BANK LEVELS ETC. MAKING SEBI, AMFI, AMCS LIFE MISERABLE.

Thanks Vijay for a very informative article. This is a very good move by AMFI. The EUIN will certainly help, at least in getting ALL the sellers to be registered and help in making the seller accountable for taking good care of his clients hard earned savings. It will be a very good quality control measure but may not be sufficient by itself to curb mis-selling. Let us hope this EUIN mechanism is put to work in an effective manner. It can most certainly help in restoring some credibility to an otherwise inappropriately tarnished profession.

A step in right direction but it need to be done for IRDA also. In rural area banks are selling insurance to layman in the name of Fixed deposit. The poor fellow only learns this after 3-5 years that he has been duped in the name of FD.

Why you are spreading fear factors?? In each business some paper work sholdbe proceeds so why financial adviors have to worried about.???

As EUIN is not ment for IFAs .What measures are going to be taken to determining and controlling mi selling by IFAs

The SEBI requirement seems to be good in spirit, but once again it is just pushing up the cost of business, while squeezing the distributors margins. I am amused by the simple sales process concept. Is SEBI now going to stipulate how we should dress as well, in the investor interest ? Make this business worth the effort, lets not talk of a never-ending list of compliance issues.

REALLY AGREE WITH BIKESH. NOW FORWARD GROUND PPL WILL ONLY BE GENUINE. BIG DISTRIBUTORS WILL BE FACING DIFFICULTIES AT LEAST WHO REALLY WANT NOT TO GOOD.

SEEMS TO BE GOOD MOVE WITHOUT MUCH LOOPHOLE, WITH GOOD INTENTION. GOOD WORK BY SEBI.

Now this is the thing that will play more role in IFA s growth and demolition of Banks who has lots of employees selling MFs without even knowing what exactly they are selling. More required for Insurance sell rather then MF products because Selling Traditional Insurance is going towards Pogroming of Investor base and breach of their trust from Advisors who are majorily Bank employees who are not IRDA certified.

One more fund rising exercise. When are we going to get out of this nonsense of registering and get working.