The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders.
Know Your Distributor (KYD)
The ARN holders who have not completed the KYD process so far, are advised to complete the same at the earliest. It has been decided to withhold the payment of commission/ incentive payable to the distributors, who have not complied with KYD, with effect from April 1, 2011. The commission so withheld, shall be released only after the compliance of KYD requirements by such distributors. To know more about KYD process, Click Here.
