Agent’s Commision on Mutual Funds purchased from AMC website

POSTED BY VG ON August 24, 2013 11:35 pm ONE COMMENT

Hi,

Until last year, I used to purchase any MFs offline, through my Uncle who’s an investment advisor. That way, he’d get some commission on the same.

However now I have started online purchase to avoid the hassle of filling forms and due to the overall convenience. I do this directly from the AMC’s website.

Does someone know whether I can enter the agent’s code (ARN code) while purchasing from the AMC’s website, so that he’d get commission on the purchase made by me? I think the online purchase form contains a field to enter this, but am not very sure if this would work and he’ll receive commision.

Please advise.

 

Regards,

Vaibhav

 

P.S. – I know that for him to get commision, I need to select the normal plan (and not ‘Direct plan’). Also I’d probably be charged an amount of Rs.100, which I think is the distributor’s cost. But am fine with that, since its a small amount compared to the commision he’ll receive.

One reply on this article “Agent’s Commision on Mutual Funds purchased from AMC website”

  1. Yes.
    you can enter ARN code of distributor and make a purchase online.

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