Mutual Fund Basics - A Beginner's Guide to Mutual Fund Investing

What is a EUIN?

Pursuant to SEBI circular dated September 13, 2012, Mutual Funds have created a unique identity number of the employee/ relationship manager/ sales person of the distributor interacting with the investor for the sale of mutual fund products, in addition to the AMFI Registration Number (ARN) of the distributor. This Employee Unique Identification Number is referred as "EUIN"

What is the need for creating a EUIN?

EUIN aims to assist in tackling the problem of mis-selling even if the employee/relationship manager/sales person leaves the employment of the distributor or his/her sub broker.

Is quoting of EUIN a mandatory requirement?

Quoting of EUIN is mandatory in case of advisory transactions. If the transaction is an Advisory transaction, the ARN Holder should put his/her EUIN in the column provided in the application form.

But, if the transaction is an Execution Only, EUIN filed in the application form can be kept blank and the ARN Holder should check the Box which has the declaration from the ARN Holder that states “I/We hereby confirm that where the EUIN space has been left blank by me/us, the transaction is an execution-only transaction”.

For Which transactions EUIN shall be applicable?

EUIN is applicable for transactions such as Purchases, Switches, Registrations of SIP / STP / Trigger STP / Dividend Transfer Plan and EUIN is not applicable for transactions such as Installments under SIP/ STP / SWP / STP Triggers, Dividend Reinvestments, Bonus Units, Redemption, SWP Registration, Zero Balance Folio creation and installments under Dividend Transfer Plans.

Whether it is applicable for all the Distributors?

No. Investors are requested to note that EUIN is largely applicable to sales persons of non individual ARN holders only (whether acting in the capacity of the main distributor or sub broker). Individual/Sole Proprietorship ARN holders should intimate AMFI-unit of CAMS in case they employ any Sales Person so that EUIN could be allotted to them. Further, EUIN will not be applicable for overseas distributors who comply with the requirements as per AMFI circular CIR/ ARN-14/12-13 dated July 13, 2012.

Important note for Investors

Investors shall ensure that the application form, if routed through a Distributor shall have a valid ARN code, Sub broker ARN code, and EUIN.
Investors are further requested to use only those application forms/ transaction forms which have spaces for the Sub broker ARN code and the EUIN.

Important note for Distributors:

Distributors are advised to ensure that the sub broker affixes his/her ARN code in the column separately provided in addition to the current practice of affixing the internal code issued by the main ARN holder and the EUIN of the Sales Person (if any) in the EUIN space.