How much commission do mutual fund agents get in India?
This commission structure range from 0.5\% to 1\% based on the mutual fund companies and products.it is paid from your total net worth of asset under management. This will be paid to your agents even if you do not invest also but if your investment stayed without withdrawal.
How much mutual fund distributors earn India?
Mutual fund (MF) distributors’ income has grown at a tepid pace in financial year 2020-2021. According to data from AMFI, MF distributors received Rs 6,617 crore in 2020-2021, which was just 7.6 percent higher than the previous financial year.
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 qualification required to become a mutual fund advisor?
So to be a mutual fund advisor, you should be of 18 years and minimum qualification is class 12 or class 10 with 3 years of diploma. The exam you need to pass is the National Institute of Securities Markets (NISM) V-A certification exam. Also, the starting salary of a candidate with 1-2 years of experience is around 50000/-.
How do I get a broker code for a mutual fund?
There is a Mutual Fund Distributers Certification exam conducted by NISM (National Institute of Securities Markets) get certified to become a Mutual Fund agent. You have to give the AMFI Exam for MF distributors and post clearance you can obtain a broker code.