As an AP, you are not allowed to place mutual fund orders on behalf of the client. The client must place the order themselves directly through an approved platform such as BSE Star MF, NSE NMF, or the distributor’s client-facing portal. This ensures transparency and protects investor interests.
Written or email confirmation from the client is only for record-keeping purposes—to document the client’s intent. It does not authorize the AP to execute the transaction. Payment and order placement must be done by the client personally, usually through their own login or an OTP-based approval system.
Simple workflow:
1. Client expresses interest in a specific mutual fund.
2. AP may guide or assist, but cannot execute.
3. Client places the order and completes the payment directly.
4. Client receives confirmation of the transaction.