n NISM Certifications
V-A NISM Series V-A
Medium

In the Mutual Fund industry - every AMC gives an ARN code number to the mutual fund distributor which is to be renewed every three years - State whether True or False?

Practice question from NISM Series V A - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

The ARN (AMFI Registration Number) code is issued by AMFI (Association of Mutual Funds in India), not by each AMC. It is issued after the distributor registers with AMFI following the NISM VA certification and KYD requirements.

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