Investment
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Frequently Asked
Questions
As per the SEBI Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012, a new cadre of distributors are categorized such as postal agents, retired government and semi-government officials (class III and above or equivalent), retired teachers and retired bank officers with a
service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/ AMC from time to time, has been allowed to sell units of simple and performing mutual fund schemes.
Subsequent to SEBIs circular, AMFI included the following persons under the new cadre:
1) Intermediaries/ Agents engaged in distribution of financial products e.g. insurance agent, FD agent, National Savings Scheme products, PPF, etc. registered with any other Financial Services Regulator.
2) Business correspondents appointed by Banks.
Simple and performing mutual fund schemes shall comprise of diversified equity schemes, fixed maturity plans (FMPs) and index schemes and should have returns equal to or better than their scheme benchmark returns during each of the last three years.
Yes, These new cadre of distributors are required to complete a simplified form of National Institute of Securities Market (NISM) certification. The NISM has launched the Continuing Professional Education (CPE) and Test programme for the new cadre of Distributors and registration for the same commenced from January 14, 2013.
Yes. The new cadre of distributors would require AMFI Registration prior to empanelling themselves with the AMCs and further to distribute mutual fund products
AMFI has prescribed registration fee of Rs.1,500/- for three years for this new cadre of Distributors. However, AMFI has waived registration fees for all the distributors registering for the first time in the categories of Individuals (including Sr. Citizen) and new cadre of Distributors
during the period from 1st February 2013 to 31st March 2014, subject to fulfilling of certain conditions
The conditions to be fulfilled are:
i) Senior Citizens are Individuals who qualify under the criteria stipulated by SEBI i.e. a person who has attained age of 50 years as on May 31, 2010 (OR) has at least 10 years experience in the securities market OR/ AND in distribution in Mutual Fund products as on May 31, 2010.
ii) New cadre of Distributors should be compliant with the criteria mentioned in the SEBI Circular dated September 13, 2012.
iii) Individuals, Sr. Citizens and new cadre of Distributors should have valid Certificate for passing NISM Examination/ attending CPE Programme.
Iv) ARN Card issued shall be valid upto 3 years from the date of passing the date of NISM Examination / attending CPE Programme. However, renewal of ARN after 3 years shall be subject to payment of prescribed fees, as applicable at the time of renewal.
v) The application made for registration under this scheme (waiver of fees) should be accompanied with all other stipulated documents specified in the ARN Registration Form.
For commission structure, empanelled distributors can contact their relationship manager or email us with ARN details to [email protected]
Any of the AMFI/ NISM Certified Intermediaries engaged in marketing and selling of Mutual Fund schemes are required to be registered with AMFI after passing AMFI/ NISM Certification Test and obtain ARN. The valid ARN card holders can empanel with Quantum Mutual Fund. The entities can partner with us: Individuals, Sole proprietorships, Partnership firms, Companies Societies Banks / Trusts etc
The Distributor can empanel with us either through offline or online mode.
Online:
o Kindly visit our website www.QuantumAMC.com and click on the tab Partner Corner > Get Empanelled.
o Enter ARN code (for e.g. If the ARN code is ARN-12345, the partner needs to enter “12345”), accept the terms and conditions and click on tab Continue.
o If Distributor is not empanelled, provision is given to provide PAN (PAN will be matched with AMFI data)
o System will redirect to the next screen for OTP Verification. Post OTP validation, click on Submit
o Enter the bank details / nomination (for individual), for non-individual upload the required document to complete the process.
Offline:
o Mutual Fund Distributor (ARN holders) can submit the Distributor Empanelment form along with the supporting documents to nearest AMC/ R&T offices . Visit our Quick Downloads > Partner Form section to download the form.
Online:
On successful submission, Individual distributor will get empanelment confirmation on the real time basis whereas for Non-Individual distributor, empanelment confirmation will be sent via email within 3 business days, subject to document verification.
Offline:
For physical forms submitted, MFDs will get empanelment confirmation via email within 10 business days.
· Dedicated Relationship Manager
· Online E-KYC for your investors
· Investor Awareness Programs for your investors
· Path to Partnerships An exclusive Awareness & Education initiative for Partners to provide them with a broad perspective on the Mutual Fund industry and tips to upscale their advisory growth journey
· Regular market & investment updates
· ARN EMBEDDED URL - which allows partners to forward and garner transactions
Yes, Investors can switch from Direct Plan to Regular Plan (for processing the switch in transaction in Regular Plan, the ARN mentioned/ provided in request must to be first empanelled with Quantum Mutual Fund) without attracting any Exit Load.
The Distributor empanelled with QMF and fulfilling all the terms and regulations of ARN for distributors specified by AMFI and/or SEBI from time to time; will be eligible to receives the commission on business procured for the respective ARN code.
Click here to go through the Terms and Conditions.
Please refer the below GSTN details of Quantum Mutual Fund
| Name of Vendor (As per legal Document) | QUANTUM MUTUAL FUND |
| GST Registration Status | MIGRATED |
| Address of Head / Corporate Office. | 1st Floor, Apeejay House, 3 Dinshaw Vachha Road, Backbay Reclamation, Churchgate |
| Town/City | Mumbai |
| State | Maharashtra |
| Pin Code | 400020 |
| Country | India |
| Constitution of Business | Society/ Club/ Trust/ AOP |
| Telephone No./Mobile No. | 022-61447800 |
| Email Id - (Invoice to be sent to) | [email protected] |
| PAN No | AAATQ0088J |
| GSTIN/Unique ID | 27AAATQ0088J1ZC |
| Principle Place Of Business (State) | Maharashtra |
| Description for Invoice | Distribution Commission for sale of Mutual Fund products |
| Website | www.QuantumAMC.com |
The Partner will get the trail commission monthly , within 10 Business Days from the end of every month.
The amount of the commission will be paid to the Partner via directly crediting the funds through NEFT/RTGS / direct transfer to the partner registered bank account
Quantum Mutual Fund does not deduct any Transaction Charges.
In case of multiple Partners registered under a folio, the Partner will be able to view only those transactions which he/she is the distributor.
Transactions received in the Regular Plan with an Invalid ARN shall be processed in the Direct Plan / Rejected. For more details Click here - for AMFI circular.
Investment mobilised by distributors prior to the 1st April 2017 will continue to remain in Direct Plan, till such time as an investor switches from Direct Plan to Regular Plan.
