Mutual fund agent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2011 i am in CA final and i want to know.
can i become a mutual fund agent?
and after becoming CA also can i continue it?
what is ICAI stand on it?

U S Sharma

U S Sharma (Expert)
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16 May 2011 SEBI vide its Gazette Notification dated May 31, 2010 has notified that with effect from June 1, 2010 all the distributors, agents, any persons employed or engaged or to be employed or to be engaged in the sale and/ or distribution of Mutual Fund Products shall be required to have a valid certification from the National Institute of Securities Market (NISM) by passing their certification examination 'NISM Series V-A : Mutual Fund Distributors Certification Examination'. For further details as well as for study material, which can be downloaded, please log on to the website of NISM www.nism.ac.in.

It is further notified that if the said associated person possesses a valid AMFI Mutual Fund (Advisors) Module Certificate obtained before June 1, 2010, he shall be exempted from the requirement of the abovementioned NISM Certification Examination.

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2011 WHAT IS ICAI STAND?

U S Sharma

U S Sharma (Expert)
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16 May 2011 ICAI does not have any direct nexus with mutual fund agency.

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