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W h a t is th e d iffe re n c e b e tw e e n M u tu a l fu n d a d v is e r a n d m u tu a l fu n d d is trib u to r? - Q u o ra

Mutual Funds

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What is the difference between Mutual fund adviser and


mutual fund distributor?
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What is the difference between mutual funds and


index funds?

Samir

From the mutual fund regulation perspective, all persons including institutions, who
get AMFI registration number (ARN), are mutual fund distributors, from the biggest
to the smallest. In the course of distributing the mutual fund schemes of various

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Asset Management Companies (AMCs), they also advise the clients in various ways scheme selection, asset allocation, tax planning, children education, retirement and
for many other goals, all within the purview of mutual fund schemes.

Question Stats
9 Followers

In general, such distributors are also called as advisers by all - media, regulator, et al.

1,856 Views
Last Asked Nov 29

Within this community, there is a minor classication of transaction enablers

Edits

(execution-only distributors) and distributors who also advise incidentally.


Transaction enablers are not supposed to help the investor even in basic functions.
They just "execute" the transactions and they have to give a declaration such as
following:
"I/We, hereby conrm that the EUIN box has been intentionally left blank by
me/us as this is an execution-only transaction without any interaction or
advice by the employee/relationship manager/sales person of the above
distributor or notwithstanding the advice of in-appropriateness, if any,
provided by the employee/relationship manager/sales person of the distributor
and the distributor has not charged any advisory fees on this transaction.*"
EUIN stands for Employee's Unique Identication Number, a must for any distributor
and his/her employees who are also distributors.
Of late, another category of 'advisers' known as "Registered Investment Adviser" or
RIA have been licenced by the regulator SEBI. They are supposed to advise the

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W h a t is th e d iffe re n c e b e tw e e n M u tu a l fu n d a d v is e r a n d m u tu a l fu n d d is trib u to r? - Q u o ra

investors on a host of products including mutual funds without having a requirement


to distribute the schemes. This means that a distributor ie., and ARN holder, can't
advise anyone without distributing the schemes.
420 Views

Rushabh Vakharia, works at Samsung Research India - Bangalore


Written Jan 5

A Mutual Fund Adviser might work for a Mutual fund Distributor .


Many Advisers might possibly work for a Distributor.
Its Many to One analogy.
Distributor Sells Mutual Funds, Adviser guides you and does marketing for Mutual
Funds.
179 Views
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