AMFI Extends Brokerage Cooling-Off to 12 Months on ARN Code Transfers
The AMFI (Association of Mutual Funds in India) extends brokerage cooling-off period from 6 months to 12 months for distributors receiving trail commissions after an investor changes their ARN (distributor) code. This decision responds to industry concerns about the misuse of existing rules, particularly by large distributors like banks. Under