Looking for a Change of Broker Form for your mutual fund investments? You can download the Change of Broker Form PDF directly from here and submit it to change the mutual fund distributor or broker associated with your folio.

Need the form right away? 

If your mutual fund investments are serviced through different registrars, make sure you download the correct form for your folio. 

• Download CAMS Change of Broker Form
• Download KFintech Change of Broker Code Form

Important: Use the latest version of the applicable form and check the submission instructions before submitting your request.

What Is a Change of Broker Form?

A Change of Broker Form is a request form used by a mutual fund investor to change the broker, distributor, or ARN associated with their mutual fund folio.

For example, if your mutual fund investments are currently serviced by Distributor A and you want Distributor B to handle your investments, you can submit a change of broker request.

The request generally involves replacing the existing distributor's ARN or broker code with the new distributor's ARN or broker code.

It is important to understand that changing your mutual fund broker does not mean selling your mutual fund investments. Your existing units remain invested in the respective mutual fund schemes unless you separately submit a redemption or switch request.

Why Do Investors Change Their Mutual Fund Broker?

There can be several reasons for changing a mutual fund distributor or broker.

Some common reasons include:

• Poor service from the existing mutual fund distributor
• Lack of communication or support
• Moving to a different financial advisor
• Existing distributor no longer providing services
• Wanting a different distributor to manage mutual fund investments
• Consolidating investments under one distributor
• Changing the way investments are serviced
• Moving from one mutual fund distributor to another

Before making the change, make sure you understand what services your existing distributor provides and what services the new distributor will offer.

Who Should Download the Change of Broker Form?

You may need this form if you:

• Want to change your mutual fund distributor
• Want a new broker to service your investments
• Are dissatisfied with your current distributor
• Want to consolidate your mutual fund investments under another distributor
• Need to update the distributor/ARN associated with your folio
• Want to move your investments to another distributor

How to Change Your Mutual Fund Broker

The process for changing your mutual fund broker is usually simple.

Step 1: Identify Your Mutual Fund Registrar

First, identify the registrar or service provider handling your mutual fund folio.

Common mutual fund registrars include CAMS and KFintech.

The applicable form and submission process can vary depending on the mutual fund and registrar.

Step 2: Download the Change of Broker Form

Download the latest Change of Broker Form or Change of Distributor/ARN Form applicable to your mutual fund investment.

Step 3: Enter Your Investor Details

Fill in the required investor information carefully.

This may include:

• Name of the first holder
• PAN
• Folio number
• Existing Broker
• Existing ARN 
• New Broker
• Mutual fund name
• Contact details, where applicable

Make sure the information matches the records associated with your mutual fund folio.

Step 4: Enter Existing Broker Details

You may need to provide details of your existing distributor, such as:

• Existing broker name
• Existing ARN
• Existing broker or distributor code

Check your mutual fund statement if you are unsure about your existing distributor details.

Step 5: Enter New Broker Details

Next, enter the details of the distributor you want to associate with your mutual fund folio. These may include:

• New distributor name
• New ARN
• New broker or distributor code
• Other details requested on the form

Double-check the ARN and distributor details before submitting the request.

Step 6: Sign the Form

The required mutual fund holders must sign the form wherever applicable.

If the folio has multiple holders, check the form carefully to determine whose signatures are required.

Step 7: Submit the Form

Submit the completed and signed form through the appropriate channel specified by the mutual fund registrar or AMC.

Keep a copy of the submitted form and acknowledgement for your records.

Step 8: Wait for Processing

The registrar or mutual fund company will verify the request and process the change according to its applicable procedure.

You may receive an SMS, email, or other notification regarding the status of your request.

Can You Change Your Mutual Fund Distributor Without an NOC?

Yes, an investor-initiated change of mutual fund distributor generally does not require you to obtain an NOC from your existing distributor.

You can request a change to another distributor according to the applicable mutual fund and registrar process.

This means your existing distributor generally cannot require you to obtain their permission before you request a change.

However, you should always follow the latest procedure specified by the relevant AMC or registrar.

Does Changing a Broker Mean Selling Your Mutual Fund?

No, change of broker or distributor is different from selling or redeeming your mutual fund units.

When you change the distributor associated with your folio, you are changing the servicing/distribution association. Your mutual fund units are not automatically sold simply because you submit a change of broker request.

For example:

• Changing broker: Your distributor/ARN association changes.
• Redeeming mutual funds: Your mutual fund units are sold and the redemption proceeds are paid to you.
• Switching mutual funds: Your investment is moved from one mutual fund scheme to another.

These are separate transactions.

Change of Broker vs Direct Plan

One of the most important distinctions to understand is the difference between changing your broker and switching to a Direct Plan.

A change of broker request changes the distributor associated with your investment.

A Direct Plan, on the other hand, is a mutual fund plan that does not involve a distributor receiving distribution commission.

Therefore:

If your intention is to move from a Regular Plan to a Direct Plan, do not assume that submitting a change of broker form will accomplish this.

CAMS Change of Broker Form

CAMS services a large number of mutual fund investments in India.

If your mutual fund folio is serviced by CAMS, you may need to use the applicable Request for Change of Broker form or service-request facility.

The form generally asks for information such as:

• Mutual fund name
• Folio number
• PAN
• Investor name
• Existing broker/ARN
• New broker/ARN
• Required signatures

Make sure you use the latest CAMS form and follow the current submission instructions.

KFintech Change of Broker Form

KFintech is another major mutual fund registrar and transfer agent.

For mutual fund folios serviced by KFintech, investors can use the applicable Change of Broker Code form.

The form may require details such as:

• Folio number
• Investor details
• Existing broker code
• New broker code
• Distributor details
• Required signatures

Before submitting the form, verify that the new distributor's ARN and other details are correct.

How Long Does It Take to Change a Mutual Fund Broker?

The processing time can depend on the mutual fund, registrar, type of request, and whether the submitted information is complete and accurate.

Investor-initiated distributor changes may also involve a verification or notification period.

Therefore, investors should not assume that the change will become effective immediately after submitting the form.

If you receive a notification about a distributor change that you did not request, contact the relevant mutual fund registrar or AMC immediately.

Can You Change the Broker for All Mutual Funds?

It depends on how your investments are held and the applicable registrar and AMC procedures.

If your mutual funds are spread across different registrars or AMCs, you may need to submit separate requests.

For example, a folio serviced by one registrar may follow a different form or submission process from a folio serviced by another registrar.

Before submitting a request, check which registrar services each folio.

Things to Check Before Submitting a Change of Broker Form

Before submitting your form, make sure:

• Your name is correctly entered.
• Your PAN is correct.
• The folio number is correct.
• Your existing broker details are accurate.
• The new distributor's name is correct.
• The new ARN is correct.
• All required signatures are present.
• You are using the latest version of the form.
• You have followed the correct submission process.
• You keep a copy of the completed form.
• You keep the acknowledgement or submission proof.

Incorrect information or missing signatures can delay the processing of your request.

Common Mistakes to Avoid

• Using an Old Form- Mutual fund forms and processes can change. Always use the latest version available from the relevant AMC or registrar.
• Entering the Wrong ARN- Check the new distributor's ARN carefully before submitting the request.
• Missing Signatures- If multiple holders are involved, check the form requirements carefully and provide all required signatures.
• Confusing Broker Change With Direct Plan- Changing your distributor is not automatically the same as converting a Regular Plan investment into a Direct Plan.
• Not Keeping a Copy- Always retain a copy of your completed form and acknowledgement until the change has been successfully processed.

Change of Broker Form – Quick Checklist

Before submitting your request, use this checklist:

• Correct investor name
• Correct PAN
• Correct folio number
• Existing broker/distributor details
• Existing ARN/code
• New broker/distributor details
• New ARN/code
• Required signatures
• Latest form
• Correct submission channel
• Copy of submitted form
• Submission acknowledgement

Final Words

A Change of Broker Form allows mutual fund investors to change the distributor or broker associated with their investment folio.

The process generally involves downloading the applicable form, entering your investor and folio details, providing your existing and new distributor information, signing the form, and submitting it through the appropriate mutual fund registrar or AMC.

Remember that changing your mutual fund broker is not the same as redeeming your investment or switching from a Regular Plan to a Direct Plan. If your objective is to change your investment plan rather than simply change your distributor, make sure you follow the appropriate process.

For the smoothest experience, always use the latest form and instructions provided by the relevant mutual fund registrar or AMC.

Frequently Asked Questions About Change of Broker Form

Q1. What is a change of broker form?

A change of broker form is a request used to change the mutual fund distributor, broker, or ARN associated with an investor's mutual fund folio.

Q2. Where can I download a change of broker form?

You can obtain the latest form from the relevant mutual fund registrar, AMC, or official service portal. Depending on your folio, this may be CAMS, KFintech, or another applicable service provider.

Q3. Can I change my mutual fund broker?

Yes. Investors can generally request a change of mutual fund distributor or broker by submitting the applicable request form and required information.

Q4. Do I need an NOC from my existing broker?

For an investor-initiated distributor change, an NOC from the existing distributor is generally not required. Follow the latest instructions of the relevant AMC or registrar.

Q5. Will changing my broker affect my mutual fund units?

No. Changing the broker or distributor does not itself sell or redeem your mutual fund units.

Q6. Can I change my broker without changing my mutual fund scheme?

Yes. Changing the distributor and changing the mutual fund scheme are separate processes.

Q7. Is ARN the same as a broker code?

ARN refers to the AMFI Registration Number associated with a mutual fund distributor. Depending on the form and registrar, you may also see references to distributor codes or broker codes.

Q8. Can I change from Regular Plan to Direct Plan using a change of broker form?

No. A change of broker request and a Regular-to-Direct Plan switch are separate matters. If you want to invest under a Direct Plan, check the applicable process and understand any tax or transaction implications.

Q9. How do I know which form to use?

Check which registrar or AMC services your mutual fund folio. Use the latest form provided by that organization.

Q10. Can I change the distributor for multiple folios?

This depends on the applicable registrar and request process. If your folios are maintained across different registrars or AMCs, separate requests may be required.