No, an AMFI registered Mutual Fund Distributor in Pune is not authorized to help you invest directly in individual stocks. Their license and expertise are specifically for mutual funds. To advise on or facilitate direct stock investments, a professional must be registered with SEBI as a stockbroker or a Registered Investment Advisor (RIA). An MFD’s registration is with AMFI, and it is limited to the distribution of mutual funds. The primary role of an MFD is to understand your financial goals and risk tolerance, and then assist you invest in the mutual fund scheme.
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