{"id":531,"date":"2019-05-14T04:06:03","date_gmt":"2019-05-14T04:06:03","guid":{"rendered":"https:\/\/www.biatconsultant.com\/blog\/?p=531"},"modified":"2019-05-14T04:06:46","modified_gmt":"2019-05-14T04:06:46","slug":"procedure-for-mutual-fund-registration-in-india","status":"publish","type":"post","link":"https:\/\/www.biatconsultant.com\/blog\/procedure-for-mutual-fund-registration-in-india\/","title":{"rendered":"Procedure For Mutual Fund Registration in India"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">For <a href=\"https:\/\/www.biatconsultant.com\/mutual-fund-registration-sebi-india\">Registration of Mutual Fund Registration in India<\/a> Form-A is to be submitted.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">A mutual Fund is established as a Trust which has sponsors, Trustees, Asset Management Company, and custodian. Sponsors and trustees are there to work as a promoter of a company. And also trustees hold its property for the benefits of the unit holder.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Types of Mutual Funds<\/b><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Open Ended- <span style=\"font-weight: 400;\">\u00a0It is a collective investment scheme that can issue or redeem shares at any time. An investor will generally purchase share in the Fund directly from the Fund itself, rather than from the existing shareholders.<\/span><\/b><\/li>\n<\/ul>\n<ul>\n<li>Close Ended Mutual Funds- \u00a0<span style=\"font-weight: 400;\">It is a collective scheme model based on issuing of fixed number of shares which are not redeemable from the funds. Unlike open ended funds, new shares in a close ended shares are not created by managers to meet demand from investors.<\/span><\/li>\n<\/ul>\n<ul>\n<li>Interval Mutual Funds- <span style=\"font-weight: 400;\">It is a Non-Traditional type of closed end mutual funds that periodically offers to buy back a percentage of outstanding shares from the shareholders. Shareholders are not required to sell their shares back to the fund.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>Key Points for Mutual Funds Registration<\/b><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">All Mutual Funds should be registered as Trust under Indian trust Act, 1882.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A separate AMC should be registered. The net worth of AMC must be INR 5 Crores.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Investors of Mutual Funds re called as Unit Holders.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Basket of Securities is called as Portfolio.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Managed by Fund Manager.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Value of each unit is called a Net Asset Value (NAV).<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">An organization that manages the investments is called as Asset Management company.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The sponsor should contribute at least 40% to the Net worth of AMC.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Appointment of custodian in order to secure the securities.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Should be carrying on business in financial services for a period of not less than 5 years and the net worth should be positive.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Applicant has to be fit and proper person with a soundtrack.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The main objects of the MOA of the sponsor company should permit the mutual funds activities.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><b>Prerequisites for investing in Mutual Fund Plan-<\/b><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bank Account<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Demat Account with Broker<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Documents or KYC to be enclosed<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Aadhar linkage of the accounts.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><b>Documents required for Mutual Fund Registration<\/b><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A complete list of all associate companies\/ Group Companies\/ subsidiaries registered with SEBI in any capacity along with their Registration Numbers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">List of instances of Violation\/ non-adherence to any security related regulations enforced by any regulatory agency in India or abroad and whether any measure has been taken by you in this regard.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A Declaration that the sponsor company or the Directors have not been found guilty of fraud\/ misconduct etc.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Details of registration of any of the companies with the RBI as NBFC or any other capacity.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Two sets of MOA and AOA of AMC and Trustee Company <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A Detailed Business Plan<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A detailed note on the infrastructure employed by AMC.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Auditor\u2019s Certificate<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">RBI\/ other Regulators approval for the purpose of sponsoring Mutual Funds<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Executed copies of Trust Deed and Investment Management Agreement<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Undertaking from sponsor to provide additional capital o AMC, till its operations breakeven in order to protect the interest of Unitholders.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Applicant ha sto provide all the required information within 30 days from a receipt of a communication from SEBI, failing which case may be considered as Closed.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For Registration of Mutual Fund Registration in India Form-A is to be submitted. &nbsp; A mutual Fund is established as a Trust which has sponsors, Trustees, Asset Management Company, and custodian. Sponsors and trustees are there to work as a promoter of a company. And also trustees hold its property for the benefits of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.biatconsultant.com\/blog\/procedure-for-mutual-fund-registration-in-india\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Procedure For Mutual Fund Registration in India&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[267,31],"tags":[266,264,263,261,260,265,262],"class_list":["post-531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-registration","tag-how-to-register-for-mututal-fund-with-sebi","tag-mf-registration-with-sebi-in-india","tag-mutual-fund-registration-in-india","tag-mutual-fund-registration-in-sebi-in-india","tag-procedure-for-mutual-fund-registration-in-india","tag-process-for-registration-of-mututal-fund-with-sebi-in-india","tag-registration-of-mutual-fund-with-sebi-in-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Procedure For Mutual Fund Registration in India - By BIATConsultant<\/title>\n<meta name=\"description\" content=\"Want to apply for mutual fund registration with SEBI in India?Want to know the complete procedure for mutual fund registration with SEBI in India?Read here\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.biatconsultant.com\/blog\/procedure-for-mutual-fund-registration-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Procedure For Mutual Fund Registration in India - By BIATConsultant\" \/>\n<meta property=\"og:description\" content=\"Want to apply for mutual fund registration with SEBI in India?Want to know the complete procedure for mutual fund registration with SEBI in India?Read here\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.biatconsultant.com\/blog\/procedure-for-mutual-fund-registration-in-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Business , Financial &amp; 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