AMFI has revised the AUM transfer norms for mutual fund distributors
Jul 17 2020
News Category: Industry Update
According to media reports, AMFI has revised the AUM transfer norms for mutual fund distributors. Among the key changes are allowing transferring of assets from national distributors to sub distributor, doing away with requirement of obtaining written consent if transfer is due to the death of distributor and suspension of ARN if it is not renewed within six months.