Can a practicing CA become mutual fund agent?

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Can a practicing CA become mutual fund agent?

A practicing company secretary or a chartered accountant cannot become a mutual fund distributor.

Who can become mutual fund agent?

Any individual above the age of 18 years can act as a mutual fund distributor or agent. Also, the candidate should qualify for class 12 or class 10 with three years of diploma. The minimum requirement to become a mutual fund distributor is the completion of NISM Series V-A: Mutual Fund Distributors Certification.

How do I become a mutual agent?

To become a mutual fund agent, one needs to appear for a mandatory examination “NISM Series-V-A Mutual Fund Distributors Certification” conducted by NISM. After passing the examination, the candidate has to obtain an ARN (AMFI Registration Number) by approaching AMFI through CAMS-KRA.

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Can a govt employee become mutual fund agent?

Being a Government employee you cannot become a mutual fund advisor.

How can I become a mutual fund agent in SBI?

Empanel Offline

  1. Step 1: Fill the Empanelment form for Distributor. You can download form by clicking here – Empanelment form.
  2. Step 2: Keep Copies of following documents ready.
  3. Step 3: Submit all the forms and documents to the nearest SBI Mutual Fund Branch.

How much does a mutual fund agent earn?

Total earnings of a Mutual Fund Agent will be Rs. 1,10,972. From the above table you can see that the Mutual Fund Agent’s earnings are low at the beginning but drastically improve as the AUM (Asset Under Management) grows.

How do I register as a mutual fund agent?

To become an MF advisor, follow these simple steps:

  1. Register for the NISM exam. Candidates wishing to become MF advisors should first register for the National Institute of Securities Market (NISM) VA Mutual Funds Distributors Certification Exam.
  2. Pass the NISM Exam.
  3. Know Your Distributor.
  4. Register with AMCs or Distributors.
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How do mutual fund agents earn?

The agent charges a commission from a client for providing his services and this amount is generally . 5\% to 2\% of the investment. The client can negotiate this commission’s worth on the quality of advice his agent provides. this is a recurring commission and the agent gets a commission every time the client invests.