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.

Our Empanelment Agreement and Profile Form are always at your disposal and knowledge.

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 passback 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.

Know Your Distributor (KYD) norms BY AMFI

Forms for Declaration of Self-Certification

Forms	PDF	Word
Application Form of AMFI
Format for Declaration of Self Certification for Corporate ARMFA who does not have sub-brokers
Format for Declaration of Self Certification by the ARMFA who is sub-broker to be submitted to principal ARMFA
Format for Declaration of Self Certification for the ARMFA who is an individual/karta of HUF
For Nomination by ARMFA		-
Know Your Distributor ( KYD) Form		-