Frequently asked questions

EUIN is the acronym for “Employee Unique Identification Number”. Pursuant to a SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 Mutual Funds have to create a 'Unique Identity Number' of the employee / relationship manager/ sales person of the distributor who advises (or interacts with the investor in any other manner) for the sale of any mutual fund scheme. This is in addition to the AMFI Registration Number (ARN) of the distributor.

This additional layer of disclosure is needed as unlike the ARN, which is common to the entire organisation, the EUIN is unique to a specific employee of the organisation. Assigning this specific number, which is distinct from the company's ARN, helps to affix responsibility for mis-selling. This number will remain in force even if the employee/relationship manager/sales person moves from one employer to another, thereby facilitating an audit trail.

EUIN is a unique number allotted to the sales persons of all ARN holders. While formerly it was applicable only for corporate employees, it has now been extended to IFAs as well, irrespective of whether they employ others or not.

✔ Employee/Relationship Manager/Sales Person of Distributor: All salespersons of non-individual ARN holders (whether acting in the capacity of the main distributor or sub broker) should obtain the EUIN.

✔ Individual/Sole Proprietorship ARN holders: EUIN is also allotted to Individual/Sole Proprietorship ARN holders in their individual capacity as Sales Person. They also have to intimate AMFI unit of CAMS in case they employ any Sales Person so that EUIN could be allotted to the sales persons too.

✖ Overseas Distributors: 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

Registration process for EUIN with AMFI is completely online. The EUIN is valid for three years from the date of issue and can be renewed online before expiry.

Individual MFDs:

Individual MFDs are allotted EUIN along with the ARN automatically by default (without having to apply for EUIN separately and without any additional charges).

Corporate employees:

Corporate employees can only get their EUIN after clearing the NISM Series V-A: MFD Certification Examination (or attended the one-day NISM Series V-A - CPE program)

To apply for EUIN online, the candidate needs to mandatorily have (i) PAN and (ii) Aadhaar

Visit the AMFI website and click on “Distributor Corner”

Click on “Online Registration & Renewal of ARN & EUIN” and follow the steps mentioned therein.

Advisory Transaction: It is mandatory to enter the EUIN in the relevant box on the Application Form (in addition to the ARN) in the case of all advisory transactions.

Execution Only Transaction: It is NOT mandatory to enter the EUIN if it is an 'Execution Only' transaction. However, in such cases, the ARN holder should tick the box which has the declaration from the ARN holder that states:

“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this is an “execution-only” transaction without any interaction or advice by the employee/relationship manager/sales person of the above distributor or notwithstanding the advice of inappropriateness, if any, provided by the employee/relationship manager/sales person of the distributor and the distributor has not charged any advisory fees on this transaction”.

Remediation of missing/invalid EUIN is allowed within 30 calendar days of the transaction trade date.

✔ As per SEBI, this number is applicable for transactions such as Purchases, Switches, Registrations of SIP / STP / Trigger-based STP / Dividend Transfer Plan.

✖ It is not applicable for transactions such as ongoing instalments under SIP / STP / SWP/ Trigger-based STP, Dividend Re-investments, Bonus Units, Redemption, SWP Registration, Zero Balance Folio creation and instalments under Dividend Transfer Plans.

Remediation of missing/invalid EUIN is allowed within 30 calendar days of the transaction trade date. In case valid EUIN is not provided within 30 days, brokerage on the concerned transaction shall be forfeited permanently. 'Brokerage' includes upfront, trail, incentive, etc.

The EUIN issued to an employee of a MFD is a unique/permanent identity number and would remain unchanged even if a person changes employment or quits a job and decides to be an independent MF distributor.

In case of change of employment, the employee is required to submit a duly filled-in prescribed Form for mapping EUIN to the ARN of the new employer, along with a copy of relieving letter issued by previous employer.

EUIN will be matched with the EUIN Master provided by AMFI unit of CAMS.

If Main ARN, Sub Broker ARN and EUIN is provided, in this case EUIN will be matched with the Sub Broker ARN only.

If Main ARN and EUIN is provided, but Sub Broker ARN is not provided, in this case EUIN will be matched with the Main ARN only.

The form is available on our website at the following path, Home > Distributors > Download Forms, the EUIN Remediation Form is available under “Other Forms”.

→ Alternatively, click here for the EUIN Remediation Form.
→ OR distributor can download the WBR68 from CAMS Mailback Service report on every week.

The EUIN remediation must be complete within 30 calendar days from the date of purchase.