AUM Transfer Out is the process in which the AUM that the Partner holds in Asset Plus will be moved completely to the Partner itself.
As per new SEBI guidelines, the following is the centralized process for transferring the AUM, the below set of documents are to be submitted specific to each AMC.
- Annexure 2 Application form for Transfer of AUM [To be submitted by Transferor Distributor - Asset plus]
- Annexure 3 On Transferor MFD’s letterhead to RTA’s [To be submitted by Transferor Distributor- Asset plus]
- Sample copies of the letter/email sent to the clients intimating about the proposed AUM transfer/change in ARN with the date of the communication. At least 5 sample email copies are required per AMC.
- List of investors to whom the intimation has been sent (along with their Folio nos. and PAN)
- Annexure 4 Declaration to be submitted by Transferee Distributor (Sub Broker)
- Self Attested copy of Transferor Distributor PAN
Once the documents are received, we'll verify them and then send them to the respective AMCs for processing.
The estimated time for the AUM transfer to be completed is 30-45 working days.
The transferee will send the above mentioned document to our below-mentioned address:
Value Plus Technologies
5th Floor, Central Square, B-21, Guindy Industrial Estate,
SIDCO Industrial Estate, Guindy,
Chennai - 600032
Tamil Nadu
Note:
- Both ARN should be Valid
- Self-declaration (SD) for the last two financial years must be updated for both source and target ARNs.
- Existing SIPs registered through the channel and exchange need to be terminated.