Distributor FAQ

Why is ARN required?

The Association of Mutual Funds in India (AMFI) is an organization 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. AMFI acknowledges the role of those engaged in selling Mutual Funds and instructs having the highest standards of knowledge attitude and ethics. It introduced the process to register the intermediaries who have passed the certification test as AMFI Registered Mutual Fund Advisors (ARMFA), thus laying the foundation for an organized industry and allotting a unique code – ARN or AMFI Registration Number, along with an identity card. This means that an Intermediary will be able to partner with Mutual Funds and engage in their distribution only after registering with AMFI and obtaining the ARN. Mutual Funds are not permitted to transact with Intermediaries who are not registered with AMFI. Hence, an ARN is essential to participate in the distribution of Mutual Funds.

Who can be a mutual fund distributor?

Any of the following entities can become a distributor of the products of mutual funds by obtaining an ARN code from the Association of Mutual Funds in India (AMFI) and empanelling as Distributor with us: Individuals, sole proprietorships, partnership firms, companies, societies, co-operatives and trusts.

How can I empanel with canara robeco mutual fund as a distributor?

Canara Robeco offers Distributors the choice to empanel with us through both Online and Offline modes.

  • Online
    1. Visit the Canara Robeco distributor Corner and click on ‘Empanel with us’.
    2. Distributor has to enter his ARN code to check ARN empanelment status.
    3. If Distributor is not empanelled with Canara Robeco MF – System will populate the contact details (masked) and OTP will be sent to the registered details. 
    4. Post successful OTP Verification, distributor has to fill the online Empanelment form and submit it for review.
  • Offline
    1. Click on the ‘Offline’ option
    2. Download the Empanelment form
    3. Fill the Empanelment Form and send it to us for review along with the supporting documents as prescribed in the form.

How long will take for the empanelment process to be completed with canara robeco MF?

After submitting the Online Empanelment application, approximately it will take 10 working days to empanel with Canara Robeco Mutual Fund.

What services will I get after empanelment with canara Robeco mutual fund?

As a distributor, you will get a host of feature including but not limited to the following:

  • Dedicated RM
  • Brokerage Structure
  • Regular Addendums
  • Brokerage Payout Intimation
  • Information about non- payable of brokerage cases

Who is eligible for commission?

Only if a distributor is empanelled with us, and has not violated the terms and conditions of empanelment as specified by Canara Robeco MF; and fulfills all the terms of ARM as specified by AMFI and/or SEBI; will receives the commission.

Click Here to go through the Terms and Conditions if you are a Distributor with Canara Robeco MF.

What is brokerage and how is it paid?

Brokerage is a fee paid by Canara Robeco to the Distributors empaneled with Canara Robeco and through whose ARN, investments are made in Canara Robeco Fund schemes. Brokerage can be upfront or trail and is calculated as a percentage on the Funds Invested. Brokerage differs from scheme to scheme.

Brokerage payment will be made through DC/NEFT only. For distributors whose complete bank mandates are NOT available, please furnish the bank mandate along with a cancelled cheque or a copy of cheque at the earliest for Direct Credit / NEFT transfer of brokerages. We encourage you to opt for the Direct Credit/NEFT mode of payment so that you receive your brokerage faster & more efficiently. If correct or complete bank details are not furnished, in such a scenario brokerage payout will be released annually in the month of March every year and the threshold limit will be Rs. 50/- for payment in Physical Mode (Pay order/DD) annually. Brokerage Statement shall also be sent by email only.

What is the frequency of getting commission?

The Distributor will get the commission on a monthly basis, with 10 Business Days from end of every month. The same will be directly transferred to the Distributor’s bank account.

What are the GST details of canara robeco mutual fund & canara robeco asset management company?

Below are the :

As a distributor, how can I update my bank mandate, how do I do it?

You can change your Bank Mandate by filling up the Bank Mandate Form and send scan copy OR courier to below mentioned address to us

The following documents have to be submitted along with the Bank Mandate Form:

  • Bank Account Statement OR Cancelled Cheque OR a clear Cheque Photocopy

Distributor Services

Canara Robeco Asset Management Company Limited Construction House, 4th Floor, 5, Walchand Hirachand Marg,Ballard Estate, Mumbai – 400 001, India.
Email - service@canararobeco.com

If a folio has more than one distributor registered under it, then which folio or scheme details will the distributor be able to view?

The Distributor will be able to view only those folios under which they have placed transactions in the past.

What are the rules to be a compliant distributor?

There are a set of conventions that a distributor needs to abide by. A compliant distributor 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 investment
  • not share brokerage with his client
  • submit the Self-Declaration form to the AMC before the end of the financial year

 

What are the consequences of being a non-compliant distributor?

If distributor does not comply with the above mentioned conventions, it can result in suspension of their AMFI Certificates. In case the Self-Declaration form is not submitted to the AMC before the end of the financial year, or within 3 months from the start of next financial year, then his brokerage will be suspended thereafter till submission.

For any further queries, please contact our Distributor Service Team to 022- 6658 5097 or email us at service@canararobeco.com

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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