Advisor / Distributor Corner

Distributor Empanelment

FOR OFFLINE (PHYSICAL SUBMISSION FOR EMPANELMENT):

Click Here For Offline Distributor Empanelment

PROCESS FOR EMPANELMENT OF IFAS / PROPRIETORSHIP / PARTNERSHIP FIRMS / CORPORATE

For corporates (Both RIA and Otherwise):

Other than the documents mentioned below for empanelment, AMC and the distributor has to sign an agreement (combination of online and offline), that is available in the download section (Downloads). Post agreement, the file exchange with dummy transactions in the agreed format will be exchanged between the distributor and Karvy. Once that is approved by AMC and signed, the distributor is allowed to transact offline as well.

The empanel form has to be completed in all respect and along with that the following documents needs to be submitted:

S. No Documents Requirement For Empanelment IFA / Proprietorship Partnership Firm Company
1. AMFI certificate
2. KYD Acknowledgement letter
3. ARN Card
4. PAN Card
5. Cancelled Cheque
6. Memorandum & Articles of Association N A N A
7. Principal Officer Details, Authorized Signatory List N A
8. Partnership Deed And Resolution N A N A
9. Board Resolution N A N A

For Online (Only for IFAs):

How to Invest for my Investor?

There are various ways to invest in our Schemes:

  • Physical submission of Applications at our Customer service Centres
  • Paperless through our website www.boiaxamf.com
  • Invest through SMS Click Here
  • Through Registered Investment Advisors /AMFI certified Distributors
  • BSE and NSE platforms

Physical Submission:

The completed application form with relevant mandatory documents can be submitted at any of our Branches or authorized branches of Karvy computer share ltd, ( our Registrars) located at various parts of the country. The application can be downloaded from the Investor corner Transaction Related Section of our website  www.boiaxamf.com. The list of branches/point of acceptance is available in the following link (http://www.boiaxamf.com/branch-locator)

Paperless through our website:

We have a facility to invest online (www.boiaxamf.com) without uploading/submitting any documents. The pre-requisite for online investment for New Investors are

  • Email ID
  • Mobile number
  • Valid KYC (Know Your Customer) or Valid CKYC (Central KYC) with 14 digit KIN (KYC Identification number).

Before proceeding, the Investor should have the following details for ease of transaction

  • AADHAR Number
  • PAN Number
  • Bank account details

If everything is available handy, it simply takes 5 minutes to complete the transaction. Any documents/information that may be required by SEBI/ Govt. of India from time to time.

Invest through SMS

The existing Investor who has a folio number can invest through SMS facility by registering themselves with us. You need to fill the required form and submit it with any of our branches. After registration, that will be informed, the investor can start transacting through SMS using Codes. For SMS registration form Click Here

Through Registered entities:

Investors can also invest through AMFI registered Distributors who have enrolled with us as Distributors for our funds and through Registered Investment Advisors with SEBI.

BSE and NSE Platforms

For the Investors who want to invest through DEMAT mode, they can approach their Brokers to transact through the stock exchanges, Mutual fund Platforms.  The intermediaries who have taken license to operate the platforms can also accept for physical or for DEMAT mode. The following are the platforms available for transaction with respective stock exchanges:

Stock Exchange

Name of the Platforms

National Stock Exchange (NSE)

MFSS

____

NMF II

Bombay Stock Exchange (BSE)

BSE STAR

From Date is required

To Date is required

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Sr. No Category Report Name
Download PDF

Please Select File(s)

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Sr. No Title Link

Code Of Conduct

Trust comes first

It's a new world. A world so dynamic and fast. A world in which the future reaches you faster than your imagination. That's why the world needs a faster brain. A mind you can trust when it comes to giving you the right advice for all your investing needs.

At BOI AXA Investment Managers, we are always thinking of the future. Your future. Our aim lies solely in providing you with the right investment solutions.

Especially, in a complicated world like this.

A joint venture of two like-minded visionary companies, Bank of India and AXA Investment Managers, BOI AXA Investments Managers are thorough investment advisors fully equipped to give you the right solutions.

Solutions that work. Solutions that you can always trust.

We at BOI AXA Investment Managers have the perfect mix of expertise and products to give you every possible solution for all your investment needs.

With us, you become a frontrunner in a brighter, better future. All you need to do to become our partner is to just fill in the form, sign the agreement and send it along with a cancelled cheque and a copy each of your PAN & ARN to your nearest Karvy Mutual Fund Services Branch or to our branches or IFAs. 

KNOW YOUR DISTRIBUTOR REQUIREMENT

Association of Mutual Funds in India (AMFI) has mandated that all individuals and entities engaged in the distribution of Mutual Funds in India, must comply with the Know Your Distributor norms. It is a process by which AMFI will be able to identify the authenticity of all Mutual Fund Distributors and maintain a central database, thus enabling easier administration.

It is a combination of data provided by you including address and other relevant contact details apart from a biometric identification. The task of compiling the KYD information for all distributors has been vested with CAMS and the POS locations for the same can be accessed by clicking here.

The initial deadline for distributors to complete the KYD process was February 28, 2011, as fixed by AMFI. AMFI has extended the same to March 31, 2011. Please note that the payment of all commissions / incentives payable for the months of April 2011 and onwards for a distributor who has not complied with KYD, would be suspended till compliance and shall be released only after completing the process.

The process note for the KYD procedure can be accessed by clicking here. The application for the same can be downloaded by clicking here.

For your convenience, AMFI has given the schedule of the KYD process to your city on various dates. The schedule for the same is available here.


SEBI Code of Conduct

SEBI vide its Circular SEBI / IMD / CIR No. 8 / 174648 / 2009 dated September 23, 2009 has advised that all intermediaries of mutual funds units shall follow the code of conduct strictly. If any intermediary does not comply with the code of conduct, the mutual fund shall report it to AMFI and SEBI. No mutual fund shall deal with those intermediaries who do not follow code of conduct.

Code of Conduct for Intermediaries of Mutual Funds
  • Take necessary steps to ensure that the clients' interest is protected.
  • Adhere to SEBI Mutual Fund Regulations and guidelines issued from time to time related to selling, distribution and advertising practices. Be fully conversant with the key provisions of the Scheme Information Document (SID), Statement of Additional Information (SAI) and Key Information Memorandum (KIM) as well as the operational requirements of various schemes.
  • Provide full and latest information of schemes to investors in the form of SID, performance reports, fact sheets, portfolio disclosures and brochures and recommend schemes appropriate for the client’s situation and needs.
  • Highlight risk factors of each scheme, avoid misrepresentation and exaggeration and urge investors to go through SID/ KIM before deciding to make investments.
  • Disclose to the investors all material information including all the commissions (in the form of trail or any other mode) received for the different competing schemes of various Mutual Funds from amongst which the scheme is being recommended to the investors.
  • Abstain from indicating or assuring returns in any type of scheme, unless the SID is explicit in this regard.
  • Maintain necessary infrastructure to support the AMCs in maintaining high service standards to investors, and ensure that critical operations such as forwarding forms and cheques to AMCs/registrars and despatch of statement of account and redemption cheques to investors are done within the time frame prescribed in the SID/SAI and SEBI Mutual Fund Regulations. Note : SID should be read in conjunction with SAI and not in isolation.
  • Avoid colluding with clients in faulty business practices such as bouncing cheques, wrong claiming of dividend/redemption cheques, etc.
  • Avoid commission driven malpractices such as :
    • Recommending inappropriate products solely because the intermediary is getting higher commissions therefrom.
    • Encouraging over transacting and churning of Mutual Fund investments to earn higher commissions, even if they mean higher transaction costs and tax for investors.
  • Avoid making negative statements about any AMC or scheme and ensure that comparisons if any, are made with similar and comparable products.
  • Ensure that all investor related statutory communications (such as changes in fundamental attributes, loads, exit options and other material aspects) are sent to investors reliably and on time.
  • Maintain confidentiality of all investor deals and transactions.
  • When marketing various schemes, remember that a client’s interest and suitability to their financial needs is paramount and that extra commission or incentive earned should never form the basis for recommending a scheme to the client.
  • Intermediaries will not rebate commission back to investors and avoid attracting clients through temptation of rebate/gifts etc.
  • A focus on financial planning and advisory services ensures correct selling and also reduces the trend towards investors asking for pass back of commission.
  • All employees engaged in sales and marketing should obtain AMFI certification. Employees in other functional areas should also be encouraged to obtain the same certification.
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