EUIN: Employee Unique Identification Number

The Employee Unique Identification Number (EUIN) is the AMFI-issued identifier carried by individuals employed by corporate-ARN mutual fund distributors. While the ARN is at the entity level (a brokerage firm, an LLP, a partnership), the EUIN identifies the specific person inside that entity who facilitated a given mutual fund transaction.

For Indian retail investors, the EUIN appears on:

• Mutual fund application forms (subscription, switch, SIP).
• Confirmation statements and Statement of Account.
• Distributor commission disclosures.

The EUIN regime ensures personal accountability traces from individual employee to the unitholder transaction, even when the formal distributor is a corporate entity.

Framework

Linkage with ARN

• A corporate ARN (entity-level licence) is the prerequisite for distribution.
• Each corporate-ARN entity has multiple EUIN-holders on staff.
• Each EUIN-holder must independently complete the NISM Series V-A and KYD requirements.
• On every mutual fund application, the specific EUIN of the staff member who facilitated the transaction is recorded.

EUIN code format

• EUIN format: “E” prefix + 6-digit number (e.g., E123456).
• ARN format: “ARN-” prefix + 5-7 digit number.

Application

Prerequisites for EUIN issuance

1. Employed by a corporate-ARN entity.
2. Pass NISM Series V-A examination.
3. Complete KYD with AMFI-empanelled RTA.

Process

1. The corporate-ARN entity submits EUIN application on behalf of the employee.
2. AMFI verifies credentials.
3. EUIN issued, linked to the parent ARN.

Validity and renewal

EUIN follows the same 3-year validity cycle as ARN, with CPE / NISM re-certification at renewal.

Role in transactions

On mutual fund application forms

When an investor uses a corporate distributor:

• ARN field: corporate ARN (e.g., ARN-87654 - XYZ Wealth Pvt Ltd).
• EUIN field: individual EUIN (e.g., E123456 - Mr Rajesh Kumar).

This dual coding lets AMFI / AMCs:

• Attribute commission to the corporate distributor.
• Attribute personal accountability to the individual employee.

Commission attribution

The corporate ARN receives the commission from the AMC. Internal HR / employment contracts then split the commission between firm and employee per their employment terms.

Grievance redressal

If an investor flags misselling (per SEBI Grievance Redressal Framework ):

• The corporate ARN is the regulatory respondent.
• The EUIN-holder is named for personal accountability.
• AMFI / SEBI investigation traces both.

EUIN vs ARN comparison

See also

• Mutual funds in India
• ARN
• KYD (mutual funds)
• NISM Series V-A
• AMFI
• AMFI Code of Ethics
• AMFI Best Practice Guidelines
• SEBI Investment Advisers Regulations 2013
• Grievance redressal (MF)

External references

• AMFI India
• NISM India
• SEBI

References

1. AMFI EUIN circular and guidelines.
2. SEBI (Mutual Funds) Regulations 1996.
3. NISM Series V-A curriculum.