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DBS Bank ARN Change

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    Mutual Funds
    DBS Bank ARN Change

    Frequently Asked Questions

    What is AMFI?
    The Association of Mutual Funds in India (AMFI) is an industry standards organisation in the mutual funds sector. It is an association of all the SEBI registered Asset Management Companies (AMCs). AMFI is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders.
    What is an Asset Management Company (AMC)?
    Day to day operations of asset management of Mutual Funds is handled by the AMC. AMC is responsible for managing the asset management/investment function of the schemes along with all the necessary infrastructure, marketing & promotion, interaction with regulators & various service providers. The AMC must ensure that the investment of funds pertaining to any scheme is not contrary to the provisions of the SEBI regulations and the trust deed.
    What is ARN (AMFI Registration Number)?
    AMFI Registration number (ARN) is a unique number issued by AMFI to identify intermediaries who are involved in the selling of Mutual Funds in India. The Association of Mutual Funds in India (AMFI) has made it compulsory for all intermediaries involved in selling or marketing of mutual funds (like DBS Bank), to register with AMFI & obtain an AMFI Registration Number (ARN). Each ARN holder can access data related to only those transactions of customers where its ARN is mapped with the Mutual Fund house.
    Why is the change in ARN number happening?
    Reserve Bank of India has granted approval to DBS Bank Ltd. to set up a wholly owned subsidiary (WOS) in India – DBS Bank India Limited (DBIL). DBS Bank is in the process of setting up DBS Bank India Limited and once the transition happens, only the locally incorporated subsidiary will exist. This necessitates the change in the ARN number.
    Will the change in ARN Number impact my existing Mutual Fund portfolio on digibank?
    Your investments portfolio on digibank will be transferred seamlessly to the new ARN and there will be no impact to your existing portfolio.
    Will the change in ARN Number impact my existing Mutual Fund mandates on digibank?
    There will be no changes in the existing mutual fund mandates due to the transition. Your mutual fund mandates will be honoured and SIPs will flow as scheduled.
    Will I lose existing nominee details?
    There will be no changes in your existing nominee details, or any other details and they will continue as per your given instructions.
    I do not wish for the ARN change, how will this impact me?
    Access to client details pertaining to holdings/transactions are provided by AMC to the ARN holder mapped to the investors. If you do not accept the ARN change, the ownership of your existing investments will be transferred to the respective AMC’s, and all your future service requests/holding statements for your existing investments will be handled directly by them. However, you can continue to use your digiSavings account for regular banking transactions and for new future investments.
    Will I need to reach out to each AMC to convey my non-acceptance of the ARN change?
    Yes, you will need to individually reach out to each AMC, in whose Mutual fund you have invested via your DBS account / digiSavings account, to convey your non-acceptance, within 15 days from the date of this communication.
    How do I contact the AMCs?
    If you do not wish to change your ARN number, and would like to get serviced by the respective AMC’s for all holding statements and queries, you can contact them using the following details:

    S.No AMC Name Contact Details
    1 UTI AMC LTD. Toll Free - 1800 266 1230 
    Email - [email protected]
    2 DHFL PRAMERICA AMC LTD. Toll Free - 1800 266 2667 
    Email - [email protected]
    3 ADITYA BIRLA SUN LIFE AMC LTD. Toll Free - 1800 270 7000 
    Email - [email protected]
    4 DSP INVESTMENT MANAGERS PVT. LTD. Toll Free - 1800 200 4499 
    Email - [email protected]
    5 FRANKLIN TEMPLETON ASSET MANAGEMENT (INDIA) PVT. LTD. Toll Free - 1800 425 4255 
    Email - [email protected]
    6 IDFC AMC LTD. Toll Free - 1800 3006 6688 
    Email - [email protected]
    7 HDFC AMC LTD. Toll Free - 1800 3010 6767 
    Email - [email protected]
    8 KOTAK MAHINDRA AMC LTD. Toll Free - 1800 222 626 
    Email - [email protected]
    9 SBI FUNDS MANAGEMENT PVT. LTD. Toll Free - 1800 209 3333 
    Email - [email protected]
    10 HSBC AMC (INDIA) PVT. LTD. Toll Free - 1800 200 2434 
    Email - [email protected]
    11 ICICI PRU AMC LTD. Toll Free - 1800 222 999 
    Email - [email protected]
    12 RELIANCE NIPPON AMC LTD. Toll Free - 1800 300 1111 
    Email - [email protected]
    13 TATA AMC LTD. Toll Free - 1800 209 0101 
    Email - [email protected]
    In case of any further clarifications, whom do I reach out to in the bank?
    For all queries, please refer our digibank Mutual Fund FAQs
    You can also contact us at: 1800 210 3456