Only certified agents can sell MF products

“With effect from June 1... associated person, i.e. distributors, agents, or any person engaged in the sale of MF products, shall be required to have a valid certification from NISM,” Sebi said in a notification.

The notice added that if the said person possesses a valid certificate of the AMFI Mutual Fund (Advisors) Module before June 1, he would be exempted from the requirement of having an NISM certificate.

NISM is a public trust set up by Sebi as an autonomous body.

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