Ch.6 · ARN and EUIN Rules · easy
What is an Individual Financial Advisor (IFA) in the context of mutual fund distribution?
0% of students got this wrong
EXPLANATION
An IFA (Individual Financial Advisor) is an independent individual distributor with a valid ARN from AMFI. IFAs are self-employed intermediaries who sell mutual fund schemes to retail investors and earn trail commissions from AMCs. They are the backbone of mutual fund distribution in smaller cities.
Practising Chapter 6 one question at a time?
Try the full chapter — 100 questions, tracked score, weak area breakdown.