Why you should consider becoming a mutual fund distributor

 Whether you are just starting your career but do not know which line to pick, or looking for a second income to make you more financially secure, MF distributor business is something you should seriously consider. Why? Well, the reasons are galore! Read on to know about the many reasons to become a mutual fund distributor. 



Great Earning Potential 

The first thing that many people consider while picking their line of work is the earning potential. With mutual funds, you do not have to worry about how much money you can make. Mutual fund distributors earn commission on the mutual fund investments of their clients. Thus, the more clients you can onboard and the more they invest – the more your commission is. So, you do not have to worry about the earning potential in the MFD business.

Growing Market 

Another big thing that works in the favour of starting a mutual fund distributor business is the immense pace at which the market is growing. While the MF investments were expanding reasonably well a few years back, they have grown exponentially in the past couple of years with increased financial awareness. Today, more and more people from all walks of life are opting for mutual fund investments to create wealth over a long period of time. 

Convenient and Easy 

In addition to the above points, it is also easy to become a mutual fund distributor. In case you have made up your mind, you can start right away and become a registered MF distributor in a matter of a few months. Here are the steps involved in becoming a mutual fund distributor: 

Clear the NISM Exam: The journey begins with clearing the NISM Series V-A Mutual Fund Distributors Certification Examination with at least 50 percent score. The test is fairly simple and has 100 questions of one mark each.

Apply for an ARN Number: ARN or AMFI Registration Number is essential for mutual fund distributors. Once you have cleared the NISM exam, you can apply for an ARN number with the Association of Mutual Funds in India by submitting the relevant documents and fee. 

Register with AMCs or Distributors: Now all you need to do is register with Asset Management Companies or bigger distributors and you can start selling mutual fund units to investors. 

So, visit the ZFunds website and begin your journey towards starting your own mutual fund distributor business.

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