FAQ on EUIN
What is Employee Unique Identification Number EUIN?
The EUIN is a unique number that is issued by AMFI to all the employees/relationship
manager/sales persons of the distributor, interacting with the investor for the
sale of Mutual Fund products.
The objective of EUIN is to help prevent/address the problem of mis-selling of Mutual
Fund products by identifying the person involved in the sale of a Mutual Fund product.
Since the EUIN is a person specific number, even if the employee changes his/her
employment from one Distributor to another, he/she can be tracked.
What is the objective behind introducing EUIN?
Investors are requested to only use application/transaction forms having provision
for ARN code, Sub broker ARN code, EUIN, Sub broker code (as allotted by ARN holder)
and the same is available on the website of the AMC/Mutual Fund viz. www.escortsmutual.com
Where to indicate or provide EUIN?
Necessary provision for capturing such EUIN (in addition to the capturing of ARN
Code/Sub-broker code) of the employees is available in the application/transaction
forms of the Schemes of Union KBC Mutual Fund on the website of the AMC/Mutual Fund
viz. www.unionkbc.com. It is mandatory to mention the EUIN No. in the appropriate
box provided in the respective forms
In case EUIN is not provided in the application/transaction forms, the following
declaration would have to be mandatorily signed (in the signature pane appearing
just below the following declaration in the application/transaction forms) by the
I/We hereby confirm that the EUIN box has been intentionally left blank by me/us
as this is an “execution-only” transaction without any interaction or advice by
the employee/relationship manager/sales person of the above distributor or notwithstanding
the advice of inappropriateness, if any, provided by the employee/relationship manager/sales
person of the distributor and the distributor has not charged any advisory fees
on this transaction”
What are the transaction on which EUIN is applicable?
EUIN is applicable for Purchases, Switches, Fresh Registrations of SIP / STP / Trigger
STP / Dividend Transfer Plan.
What are the transaction on which EUIN is not applicable?
EUIN is not applicable for ongoing SIP/ STP / SWP / STP Triggers (registered prior
to June 1, 2013), Dividend Reinvestments, Bonus Units, Redemption, SWP Registration,
Zero Balance Folio creation and installments under Dividend Transfer Plans.
What is the Effective Date for EUIN applicability based on mode of transactions?
EUIN is effective for all modes of transactions from June 1, 2013, except for transactions
from Mobile /SMS, Stock Exchange Platform, ATM based; Call Center originated which
shall be implemented by August 1, 2013, if applicable.
Should you require any further information, our Investor Help Lines are available
to assist you at 011-43587415/420 or please get in touch with any of our Branch
Office of Escorts Mutual Fund.