Make My Wealth is an online information and transaction portal for our AMFI-registered firm, Make My Wealth. We adhere to the basic code of ethics guided by SEBI and followed by all MF Distributors under AGNI (AMFI Guidelines and Norms for Intermediaries).

Below are the latest guidelines under AGNI:

  • No splitting of applications to earn higher transaction charges/commissions.
  • Intermediaries must stay updated with developments in the mutual fund industry, including changes in scheme information, AMC details, and other material aspects, and appropriately inform investors.
  • To protect investors from potential fraudulent activities, intermediaries should ensure that the investor’s address and contact details in the mutual fund application form are accurate and belong to the investor, not a third party. Intermediaries should not fill in incorrect information or insert their own or their employees’ details, even if requested by the investor. Tampering with application forms is prohibited.
  • Intermediaries, including sales personnel, must obtain NISM certification, register with AMFI, and obtain an Employee Unique Identification Number (EUIN) from AMFI in addition to an AMFI Registration Number (ARN). Intermediaries must ensure that employees quote the EUIN in investment application forms. NISM certification and AMFI registration should be renewed timely. Employees in other functional areas should also be encouraged to obtain the same certification.
  • Intermediaries must comply with the Know Your Distributor (KYD) norms issued by AMFI.
  • Intermediaries should cooperate with and provide support to AMCs, AMFI, regulatory authorities, and Due Diligence Agencies regarding intermediary activities and related regulatory requirements.
  • Intermediaries must provide all necessary documents of their investors for Anti-Money Laundering/Combating Financing of Terrorism requirements, including KYC documents, Power of Attorney, and investor agreements, as required by AMCs.
  • Intermediaries must be diligent in attesting/certifying investor documents and performing In-Person Verification (IPV) of investors for the KYC process, following guidelines prescribed by AMFI/KYC Registration Agency (KRA).
  • Intermediaries must inform AMCs and AMFI of any changes in their status, constitution, address, contact details, or other information provided during AMFI Registration.
  • Intermediaries should observe high standards of ethics, integrity, and fairness in all dealings with investors, Mutual Funds/AMCs, Registrars & Transfer Agents, and other intermediaries. They must provide high standards of service, exercise due diligence, and ensure proper care.
  • Intermediaries meeting SEBI criteria for due diligence must maintain documentation for “Advisory” or “Execution Only” services provided to investors.
  • Intermediaries must refund to AMCs any incentives, including commissions, subject to claw-back as per SEBI regulations or AMC terms and conditions.
  • From January 1, 2013, for purchases (including switch-ins) into any fund, switches from Regular Plan (Broker Plan) to Direct Plan will result in claw-back of upfront commissions paid to distributors.
  • Intermediaries should not engage in fraudulent or unfair trade practices while selling mutual fund units. Selling units through false or misleading statements, concealing material facts, omitting risk factors, or not ensuring scheme suitability to the investor is considered fraudulent/unfair trade practice.

We also declare that we do not guarantee any returns on our fund recommendations. We advise all investors to read the offer documents before investing and understand that Mutual Funds are subject to market risks, with no guarantee that past returns will be repeated in the future.