How to be Mutual Fund Agent? Why to be a Mutual Fund Agent?

What is the procedure to be a Mutual Fund Agent?

What is commission structure in Mutual Fund industry?

Mutual Fund market is growing at a high speed in India. Mutual fund industry was only 5 lakh crore in 2012 but now as on 2018 it is 23 lakh crore, approx. 500% growth is showing in our country.

Indian investor are now understanding the things like putting money in to banks or insurance is not enough to cope up with the inflation. They need a product where there is no cap on upper side of the ROI. Everyone now a days want to invest in SIP if he/she have to understand of the money management or personal finance. Those who don’t have knowledge about it still now are investing in traditional products.

Who is a Mutual Fund Agent :

Mutual fund agent is a ARN (ALL India Mutual Fund Association – AMFI India) holder person who provide you platform to invest in SIP and other mode of investment in mutual fund. He will help you to complete your KYC and inform you available option in the market for investment.

How to be a Mutual Fund Agent:

You have to pass theNISM-Series-V-A: Mutual Fund Distributors Certification Examination.

The certification is approved by the SEBI. You must have to score 50% to pass the certification during exam. It is a crash course you can book your seat anytime 15th days before taking the exam. Test will be online with MCQ questions.

SEBI is the regulating authority of mutual fund in our country. SEBI has appointed NISM which is sister concern of the SEBI for investment education.

Go through the link for online registration:

http://www.nism.ac.in/certification/index.php/nism-certifications/mutual-fund/mutual-fund-distributors

What is the commission structure?

Mutual fund agent get twice commission which is very attractive model in the industry. Due to this only some wise people who were selling the insurance earlier now a days selling the mutual funds only.

Types of the commission:

  1. Upfront commission:One-time payment to sell the SIP or any others fund to the client.
  2. Trail Commission: You will get every year how long a person continue with the SIP. It is approx. 1% of the Assets under management – AUM with company.

So if you are able to collect the AUM 1 Crore then your trail income itself would be 10 lakh per annum and for this you no need to do anything again.

Note: To pass the MF certification, get the Agent code you can contact to us or visit our office.

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Mr. Sushil Alewa

Mr. Sushil Alewa (SEBI Registered Research Analyst, MBA, CFP ) having 12 year work experience in Trading, Training, and consultancy in the area of Securities / Financial Market mainly Investment management
industry, Technical Analysis of Stock Market.
He is Empanelled as 'Certified Trainer of Financial Education with SEBI & IICA - MCA (Securities & Exchange Board of India), the regulating authority, Govt. of India for the securities market; Involved in conducting workshops on 'Financial Literacy to various groups such as students, company executives, middle-income groups etc. Have individually conducted more than 1600+ Investor Awareness workshops on financial literacy in the last 10 years, with reputed Universities, management colleges, corporate houses and top schools.

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