FAQs

  1. How can I become an NJ Wealth Partner?

  2. What are the subscription charges for becoming NJ Wealth Partner?

  3. What do I get from the subscription charges?

  4. Is Mutual Fund certification difficult to clear?

  5. How is the structure of the examination?

  6. What is the validity period of the certification?

  7. Once I clear the exam, when can II start business?

  8. Is there any renewal fees charged in future by NJ?

  9. What are the products, which NJ Wealth Distributor Network Partner can access?

  10. Do I have to pay for additional services offered by NJ Wealth Distributor Network ?

  11. What is my relationship with NJ?

  12. How long will I be able to function as NJ Wealth Partner?

  13. I am a Real Estate Advisor/Distributor. How can I become a NJ Wealth Partner?

  14. Being an NJ Wealth Partner, can I start advising in Real Estate?

Answers

  1. How can I become a NJ Wealth Partner?
    • For becoming an NJ Wealth Partner, one primary criteria is Mutual Funds Advisers Certification.
    • For getting the Mutual Fund Distributors certificate you have to be registered with AMFI and should have an ARN (AMFI Registration Number) only then you can advise Mutual Funds.
    • For getting registered with AMFI one has to successfully clear the NISM Series V Mutual Fund certification only then one can apply for ARN.
  2. What are the subscription charges for becoming NJ Wealth Partner?
    • You have to pay Rs. 10,000/- for subscribing to NJ value pack.
  3. What do I get from the subscription charges?
    • You would get 2 day AMFI training, which would help you clear AMFI.
    • One time free registration to AMFI exam.
    • Online access to Online VP Desk, which includes real time mock test.
    • On becoming NJ Wealth Distributor you would be given 2 days basic training to understand technical and practical knowledge about the distribution business.
  4. Is Mutual Fund certification difficult to clear?
    • No, it is not. You would be getting a workbook (Soft Copy – PDF format) from NISM to refer.
    • 2 days AMFI training from us would help you to understand the content properly.
    • The online mock tests are available to increase your confidence in clearing the exam.
    • 2-3 hours of study for 6 to 8 days would certainly help to clear the exam.
  5. How is the structure of the examination?
    • Mutual Fund examination is conducted online by NISM through BSE/NSE. Duration of certification is 2 hrs.
    • Examination consists of total 100 questions of 1 mark each.
  6. What is the validity period of the certification?
    • As per the current regulation validity of the certification is 3 years.
  7. Once I clear the exam, when can i start business?
    • Once you clear the exam you have to apply for the ARN. Once you get the ARN, you can become NJ Wealth Partner after completing the enrollment process and signing up the agreement. On becoming an NJ Wealth Partner, you can start the business.
  8. Is there any renewal fees charged in future by NJ?
    • Absolutely not. Subscription charges are the only charges charged at the time of enrollment and there are no renewal charges.
  9. What are the products, which NJ Wealth Distributor Network Partner can access?
    • On enrollment as an NJ Wealth Partner, one can immediately start distribution of Mutual Funds, PMS, FD bonds.
  10. Do I have to pay for additional services offered by NJ Wealth Distributor Network ?
    • No. Almost all services are free, including Partner Desk and Client Desk for all your customers. All paid services are limited to the Print-Shop for materials ordered, SMS Manager service for sending SMSes and other such services
  11. What is my relationship with NJ?
    • At NJ, you will share a Principal to Principal relationship. You will not be an employee, or agent on behalf of NJ. You will function as an independent distributor and will have the ownership of your clients. You would function as a sub-broker and engage in promoting and distributing financial and other products through NJ to your clientele.
  12. How long will I be able to function as NJ Wealth Partner?
    • Your relation with NJ is continuous and non ending. We have Partners who have been with NJ since inception. Relationship can be terminated by you at any point of time. However it is very rare that you may need to end your relationship. NJ can terminate relationship based on any breach of policy or for any other valid / legal reasons.
  13. I am a Real Estate Advisor/Distributor. How can I become a NJ Wealth Partner?
    • You can become an NJ Wealth Partner. However, product basket will be limited to Real Estate.
  14. Being an NJ Wealth Partner, can I start advising in Real Estate?
    • No.You are to required to do a simple registration before you can start.