New cadre of Distributors

Are you eligible for the category of new cadre of distributors?

In terms of SEBI Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012, a new cadre of distributors, 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, shall be allowed to sell units of simple and performing mutual fund schemes. 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.

It has been decided to include the following persons in the special cadre of distributors

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, with at least 5 years of experience.
Business correspondents appointed by Banks having at least 5 years of experience.

These new cadre of distributors would require a simplified form of NISM certification and AMFI Registration. NISM has launched NISM-series -V - B -: Mutual Fund foundation Certification Examination and CPE Programme for new cadre of Distributors in terms of SEBI circular No. CIR/ IMD/DF/21/2012 dated September 13, 2012. The new cadre of distributors are required to submit Self attested copy of certificate issued by NISM in respect of Series V-B : Mutual Fund Foundation Certification Examination or Mutual Fund Foundation CPE Program, specially designed by NISM for new cadre of distributors while applying for ARN under this cadre.

The empanelment shall be done as per the process prescribed the AMC from time to time.

The following is the list of eligible scheme(s) for New Cadre of Distributors

Baroda BNP Paribas Equity Fund
Baroda BNP Paribas Tax Advantage Plan (ELSS)
Baroda BNP Paribas Dividend Yield Fund
All Fixed Term Fund as may be launched by the Fund from time to time.

Depending on your type of entity, kindly attach the required documents along with the duly filled Distribution Partner Empanelment Form to your nearest Baroda BNP Paribas Mutual Fund branches.

Download Distribution Partner Empanelment Form List of branches to submit empanelment form

For NISM Communique on Mutual Fund Foundation Certification Examination

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For ARN Registration process for New Cadre of Distributors as defined in SEBI Circular dated 13-Sep-2012 and as notified by AMFI.

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For Registration Form for new cadre of distributors, please click here.

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