All you Need to Know about Becoming a Mutual Fund Agent
Mutual funds allow investors to create wealth over a long period of time. People in India are realizing the significance of mutual fund investments. As a result, an increasing number of people are investing money in MF schemes. While you can also grow your wealth by investing in these schemes, another great way to bank on this boom is by becoming a mutual funds agent. One exam, ARN Number, and you are all set to earn commission on investments by your clients. Check out the below info about mutual funds agent.
Duties
of a MF Agent
· A MF
agent should primarily educate people interested in buying MF units about
effectiveness of mutual fund investments in creating wealth over a long period
of time.
· Mutual
fund agents should also inform potential investors about the myriad mutual fund
schemes available for investments and the pros and cons of all lucrative
schemes.
· These
agents also enable investors to transact in mutual funds. These include buying
as well as selling of mutual fund units of various schemes.
· MF agents
are responsible for tracking market conditions and updating their clients about
the evolving market scenarios.
· Last
but not least, the agents should help their clients in maximizing their profits
and minimizing risks and losses.
How to
Become a Mutual Fund Distributor/Agent
The process to become a mutual fund distributor begins with
passing the NISM VA Mock test for MF distributor exam. Thereafter, one can
apply for AMFI registration number by submitting the relevant form, fee and
documents. After receiving the ARN number, one can register with distributors
and asset management companies to start distributing units of mutual funds
schemes to investors.
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