To invest in Mutual Funds, it is necessary to have a good understanding and knowledge. Nowadays, all information related to a mutual fund is available online, and even before investing, the investors compare different funds.
However, in putting all things and facts into perspective, a mutual fund agent plays an important role. The Mutual Fund distributors in India have played an important role in the development of this mutual fund industry.
To become a mutual fund distributor, it is necessary to understand the whole process. The process also ensures that the distributor has the highest standards of knowledge, attitude and ethics. Let’s understand How to become a mutual Fund distributor in detail. Fill the Form to Know More!
Contact UsJoining Book My Funds helps you to get started quickly
It is a mandatory requirement to qualify the “NISM-Series-V-A: Mutual Fund Distributors Certification Examination” to become a mutual fund distributor. The National Institute of Securities Market conducts this examination.
The major motive of this examination is to ensure that the distributor has fundamental knowledge regarding Mutual Funds. Passing a certificate issued by National Institute of Securities Market (NISM) in respect of NISM – Series V-A has a validity period of three years.
The AMFI Registration Number (ARN) has been introduced as the unique code, which identifies the individual distributor as AMFI Registered Mutual Fund Distributor (ARMFD).
Once the NISM exam is cleared, the AMFI Registration Number (ARN) gets allotted. It is a unique code, or we can say a unique ID of every mutual fund distributor in India. Along with the ARN Number, candidates will also get an Employee Unique Identity Number (EUIN). The process of getting ARN is completely online and the same can be accessed here.
A photo identity card bearing a unique ARN, address, his/ her name, photo and the validity period of ARN, would be issued to individual applicants.
You can get yourself registered with the online mutual fund distribution platform Book My Funds. Book My Funds gives the distributors an opportunity to grow their business in the right direction without any hassle. Also, the digital ecosystem is quite user-friendly and easy to operate. With Book My Funds, the agent can go digital without any investment or overhead to expand their client base and enhance their experience.
In order to provide a right mutual fund scheme to the customer, there are these major factors to consider:
The most important task is to grow your mutual fund distribution business. No business can survive without customers and hence you need to look at multiple options to get new customers:
There are a lot of opportunities available for people willing to build up their careers as mutual fund agents. If you also have such a dream, then you can consider Book My Funds.
Here we are not only having plans for investors but also providing opportunities to earn. Contact us and turn your dream into reality.
In simple words, it can be stated that a mutual fund is an investment tool through which clients or investors purchase securities. Each and every fund has its own risk-return characteristics.
A mutual fund distributor is a qualified professional who helps the investors by suggesting to them the best mutual fund schemes.
The mutual fund distributor commission depends upon their clients’ investment.
The first and foremost thing to do is, getting registered for the NISM Examination. The best part is you can appear for this exam of mutual fund agent online as well in India.
• The major benefit is you can work remotely.
• Completely online platform
• Opportunity to deal in multiple products
After completing the examination and getting the ARN Number, you can start working as a Mutual Funds Distributor. You can join the mutual fund distribution platforms Book My Funds.
The earnings of a mutual funds agent depend upon the commissions. The more clients you attract and convert into potential investors, the higher you earn.
Yes, it is mandatory to clear the NISM exam to become a mutual fund agent in India. However, Book My Funds has an interesting model where one can simply just refer a client to our team and once the investment is made, they can earn too.
A mutual fund distributor gets commission as a reward of the investments made for his clients. Mutual fund distributor income depends upon scheme to scheme and client to client. As per SEBI, the commissions in equity funds are higher than that in Debt mutual funds. Also, the commission is higher if the client belongs to B-30 cities compared to T30 cities.
A mutual fund distributor gets commission as a reward of the investments made for his clients. Mutual fund distributor income depends upon scheme to scheme and client to client. As per SEBI, the commissions in equity funds are higher than that in Debt mutual funds. Also, the commission is higher if the client belongs to B-30 cities compared to T30 cities.
Yes, the citizens who crossed the age of 50 years as of 31st May 2010, can easily get the NISM Mutual Fund Distribution Certificate by: Taking part in NISM Series VIA Mutual Fund Distributors Certification Examination.
Or completing the NISM’s Continuing Professional Education (CPE) Training Program. So, if you have got the whole idea of how you can be a mutual fund distributor then let’s start? Call us right away - 9024687400