Amfi cuts registration renewal fees for mutual fund distributors by 50 percent check details varpat

Amfi has reduced the ARN registration fee by 50 per cent to Rs 1,500 and the renewal fee by 50 per cent to Rs 750.

Amfi has reduced the ARN registration fee by 50 per cent to Rs 1,500 and the renewal fee by 50 per cent to Rs 750.

The Association of Mutual Funds in India (Amfi), an organization of the mutual fund industry, has announced a 50 per cent reduction in ARN registration and renewal fees for distributors and individuals.

New Delhi. The Association of Mutual Funds in India (Amfi), an organization of the mutual fund industry, has announced a 50 per cent reduction in ARN registration and renewal fees for distributors and individuals. Amfi has reduced the ARN registration fee by 50 per cent to Rs 1,500 and the renewal fee by 50 per cent to Rs 750. For post office and microfinance institutions (MFIs) the ARN registration fee has been reduced to Rs 7,500 and renewal fee to Rs 3,750. This rule is being implemented from today. Learn what Amfi said? In its statement, Amfi said that the aim of reducing the Amphi registration number (ARN) and EUIN (employee unique indentifications number) registration and renewal fee is to inspire young professionals of this industry to reach small savers across the country. Also read- Good news: SBI home loan becomes cheaper! Announcement of reduction in interest rates, many more concessions too, check latest rateBeneficial as a career opportunity Amfi CEO NS Venkatesh said that the reduced fees for registration and renewal of ARNs and EUINs for mutual fund distributors and individuals will help in the expansion of mutual funds. At the same time, we want the younger generation to see mutual fund distribution as an exciting career opportunity and after this cut in fee we hope that we will be able to attract many new mutual fund distributors.




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