Benefits to TATA MF Distributors

To change your existing bank mandate submit the following documents to the nearest AMC Centre:
   • Letter the change in Bank Mandate containing the following
       ◦ Bank Name
       ◦ Branch
       ◦ Location
       ◦ Address
       ◦ City
       ◦ Pin
       ◦ A/c Type
       ◦ A/c No.
       ◦ A/c no in words
       ◦ IFSC Code (11 digits)
       ◦ IFSC Code (in words)
   • Copy of the cancelled cheque"

The conventions that an Advisor needs to abide by are:
• An Advisor should continuously have the validation of registry with AMFI
• As an ARN holder, comply with all circulars issued by AMFI and SEBI
• Not claim brokerage for his/her own investments
• Not share brokerage with his client
• Submit the Self-Declaration form to the AMC before the end of the financial year"

• Letter from source Distributor for transferring the AUM.
• Existing broker has to intimate the investors regarding AUM transfer.(Copy of intimation letter sent to the investors should be submitted)
• NOC from the target distributor.
• Self attested ARN Card copy & PAN Card copy of both the distributors is to be provided (If not provided earlier)
• BR / ASL for Corporate are to be provided (If there is any change)
• KYD acknowledgement"

The Association of Mutual Funds in India (AMFI) introduced the Know Your Distributor (KYD) process effective from September 1, 2010. This was in an effort to review the existing registration procedure for Mutual Fund financial advisors and initiate necessary action to strengthen the same. In addition, this process would also help ensure correctness of information furnished in the registration application and have an in-person verification of the ARN holders.

The KYD procedure consists of document verification and Bio-metric process. The financial advisor is therefore required to apply for KYD simultaneously along with application for registration of ARN. Please click here for detailed process note and KYD application form for:
 

• Individual
• Non Individual
  AMFI has engaged the services of Computer Age Management Services Ltd. (CAMS) to carry out the KYD process through their centers referred as "CAMS POS".

•  Along with the empanelment form the following are required:
  Corporate - Pvt.Ltd. Co / Public Ltd. Co. / Etc.
• Board Resolution mentioning distribution of Mutual fund products in original / photocopy, (If photocopy then attestation should be done by Co. seal with signature and AMC Branch) Board Resolution should be signed by all the Signatories or Company Secretary. Authorized Signatory List should include Mode of Operation.
• Memorandum & Articles of Association (If photo copy then attested by the Co. seal with signature & AMC Branch)
• ARN Certificate should be in the name of the Co.and attested by Co.seal with signature & AMC Branch
• PAN Card copy of the Co.(attested by Co.seal with signature & AMC Branch)
• KYD acknowledgment (attested by Co.seal with signature & AMC Branch)
• Cancelled Cheque Copy of the Co.of the a/c no. mentioned on empanelment form
  Banks
• Resolution mentioning distribution of Mutual fund products in original / photocopy, (If photocopy then attestation should be done by Bank seal with signature and AMC Branch) Resolution should be signed by the Authorized Person (Name & Designation). Authorized Signatory List should include Mode of Operation.
• Memorandum & Articles of Association (If photo copy then attested by the Bank seal with signature & AMC Branch) OR any legal document indicating the registration of Bank (If photo copy then attested by the Bank seal with signature & AMC Branch)
• ARN Certificate should be in the name of the Bank and attested by Bank seal with signature & AMC Branch
• PAN Card copy of the Bank (attested by Bank seal with signature & AMC Branch)
• KYD acknowledgment (attested by Bank seal with signature & AMC Branch)
• Cancelled Cheque Copy of the a/c no. mentioned on empanelment form
  Partnership Firm/ HUF 
  • Partnership Deed (Attested by the firm & Branch)
  • Partnership resolution mentioning distribution of mutual fund products in original/photocopy,(If photocopy then attestation should be done by partnership firm seal with signature and AMC Branch) Partnership Resolution should be signed by all the Signatories. Authorized Signatory List should include Mode of Operation.
• ARN Certificate should be in the name of the firm (Attested by Firm with Signature & AMC Branch)
  • PANCARD copy (attested by Firm & AMC Branch)
  • KYD acknowledgment (attested by Firm & AMC Branch)
  • Cancelled Cheque Copy of the a/c no. mentioned on empanelment form
    Trust   
• Trust Deed (attested by the Trust with signature & AMC Branch)
• Trust resolution mentioning distribution of mutual fund products in original / photocopy, (If photocopy then attestation should be done by Trust seal with signature and AMC Branch) Trust Resolution should be signed by all the Trustees. Authorized Signatory List should include Mode of Operation.
  • ARN Certificate should be in the name of the Trust (Attested by Trust & Branch)
  • PAN copy (attested by Trust & Branch)
  • KYD acknowledgment
  • Cancelled Cheque Copy of the a/c no. mentioned on empanelment form
    Proprietary Firm
  • ARN Certificate should be in the name of the firm attested by Co. with signature & AMC Branch
  • PANCARD copy on Proprietor (Attested by Proprietor & AMC Branch)
  • KYD acknowledgement
  • Cancelled Cheque Copy of the a/c no. mentioned on empanelment form

along with the duly filled form along with the self attested documents as mentioned below to the nearest Tata Mutual Fund branch