OVERVIEW

HDFC Mutual Fund is one of the largest mutual funds in India with an investor base of over 25 lakh which is serviced primarily by our wide network of distributors. We at HDFC Mutual Fund recognize our distributors as the most important link between our investors and us. To help distributors to advise and service their clients better, we, together with our registrar (CAMS) offer a range of facilities to them.

Who can be a distributor?

Any of the following entities can become a distributor of the products of mutual funds by obtaining an ARN code from the Association of Mutual Funds in India (AMFI) and empanelling as distributor with us: Individuals, sole proprietorships, partnership firms, companies, societies, co-operatives and trusts.

What is the process of associating with HDFC Mutual Fund as a distributor?

To associate with HDFC Mutual Fund, a distributor has to empanel with us. For empanelling as a distributor with the AMC, the distributor has to submit a duly completed Distributor Empanelment Form along with the following documents to any of our Investor Service Centres (ISCs) :

 

Category of distributor

Documents required in addition to the Distributor Empanelment Form

Individual Self-attested copy of the ARN card of the individual
Sole Proprietorship
  • Self-attested copy of the ARN certificate of the Sole Proprietorship
  • Letter stating the name(s) of the person(s) who will be distributing the products of mutual funds
  • Self-attested copy of the ARN card of such person(s)
Partnership Firm
  • Self-attested copy of the ARN certificate of the Partnership Firm
  • Self-attested copy of the Partnership Deed
  • Self-attested copy of the Authorised Signatories List of the partnership firm
Company
  • Self-attested copy of the ARN certificate of the company

Self-attested copy of the Memorandum and Articles of Association of the company

  • List of authorised signatories with their signatures
  • Self-attested copy of the Board Resolution authorizing the company to undertake distribution of mutual fund products OR a letter from the Chairman / Managing Director / CEO / Authorised Persons on the company’s letter-head addressed to “HDFC Asset Management Co. Ltd.” to that effect
  • Self-attested copy of the Authorised Signatories List of the company
  • A one-time certificate stating that all their employees engaged in distribution of the products of mutual funds have obtained AMFI certification and their photo-identity card
Society, Co-operative or Trust
  • Self-attested copy of the Trust Deed / Letter of Incorporation / formation documents, as applicable
  • Self-attested copy of the ARN certificate of the Society, Co-operative or Trust
  • Self-attested copy of the Authorised Signatories List of the Society, Co-operative or Trust
  • A one-time certificate stating that all their employees engaged in distribution of the products of mutual funds have obtained AMFI certification and have obtained their photo-identity card

 

Can a distributor who has not obtained an ARN-code from AMFI distribute the products of HDFC Mutual Fund?

No. Only AMFI-certified distributors can distribute the products of mutual funds. No brokerage will be paid in case where the investments are through non-certified distributors.

For any further queries, please contact our ISCs, SMS “HDFCMF” to 56767 or email us at [email protected]. You may also visit the distributors section on the website of our registrar (CAMS) on http://www.camsonline.com/.

Mission: To be the wealth creator for every Indian

Vision: To be the most respected asset manager in the world