135/BP/ 106 /2022-23 March 21, 2023
To,
All AMFI Members
Dear Members,
AMFI Best Practices Guidelines Circular No. 106 / 2022-23
Revision in the Guidelines on Transfer of AUM from one MF Distributor to another
Please refer to AMFI Best Practices Guidelines Circular No. 87 / 2020-21 dated July 16, 2020 regarding Guidelines on Transfer of AUM from one mutual fund distributor (MFD) to another.
It has been decided to revise the existing AMFI best practice guidelines for Transfer of AUM from one MF Distributor (ARN-holder) to another, in partial modification of the aforesaid circular, based on the recommendations of AMFI’s Standing Committee on Certified Distributors (ARN Committee) and approval of the Board of AMFI.
The revised guidelines for Transfer of AUM from one MF Distributor to another MF Distributor are given in the Annexure A hereto.
This circular replaces all previous circulars/ guidelines issued on the above subject.
Members are requested note the contents of this circular for uniform implementation, and to place a copy of this circular before the Board of Directors of the AMC and the Trustees for their information.
With best regards,
B. M. Kini
Dy. Chief Executive
