How do I become a mutual fund distributor?

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How do I become a mutual fund distributor?

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.

Who can be a mutual fund distributor?

Qualifications: While any individual above the age of 18 years can act as a mutual fund distributor, most corporate entities look for graduates with basic knowledge in mutual funds. Product training is also provided by corporate entities before registering as mutual find distributor.

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How can I start a mutual fund company in India?

How to get registered as a Mutual Fund

  1. SECURITIES AND EXCHANGE BOARD OF INDIA.
  2. Incorporation of the Asset Management Company and the Trustee Company/Board of trustees:
  3. Auditor’s certificate:
  4. Filing of executed copies of Trust Deed and Investment Management Agreement.
  5. Setting up of Infrastructure by the Applicant.

How much a mutual fund distributor earn in India?

Of the 46,285 active distributors, 2,865 distributors earn gross commission of over Rs. 20 lakh in a year. Of the 46,285 distributors who get brokerage every year (can be considered as active), 2,865 or 6\% of them earn gross commission of more than Rs. 20 lakh annually, shows AMFI data.

Which is India’s largest mutual fund distributor?

NJ IndiaInvest
AMFI data on commission disclosure shows that NJ IndiaInvest remained the top distributor with highest gross commission of Rs. 874 crore; 12\% higher than what it earned in FY 2020. With 30\% rise in gross commission income, SBI became the second largest mutual fund distributor in FY 2021.

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How do I register a mutual fund company?

How to become a mutual fund distributor in India?

To become a Mutual Fund Distributor the minimum requirement is NISM Series VA Mutual Fund Distributors Certification. And a registration number from the Association of Mutual Fund in India (AMFI) The minimum qualification to give this exam is class 12 or class 10 with 3 years of diploma.

How to become a mutual fund agent after 10th?

After completing 10th class with 3 years of diploma or 12th class from any steam, the candidate has to pass an exam conducted by National Institute of Security Market i.e. series V A mutual fund distribution certificate. After clearing the exam one is eligible to become a Mutual Fund Agent.

What is the procedure to become an Amfi distributor?

1- first of all you have to get ARN which is AMFI REGISTRATION NUMBER and EUIN which is EMPLOYEE UNIQUE IDENTIFICATION NUMBER. it is mandatory for all the distributor. 2- To get the ARN you have to pass a exam conducted by NATIONAL INSTITUTE OF SECURITY MARKET. i.e. series V A mutual fund distribution certificate.

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How to become a mutual fund agent/distributor at zero fees?

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