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Anyone who wants to
build a successful career
with unlimited income and growth in the
growing mutual fund industry,
Can do mutual fund distribution business.
The Indian Mutual Fund Industry AUM has grown from ₹1 Lakh Crore in March 2002 to ₹67.09 Lakh Crore in Sep 2024, translating into a growth of more than 67 times.
Become a
nj wealth partner
in just 3 steps
Enroll with
NJ WEALTH
Pass the NISM-Series V-A Mutual Fund Distributors certification examination
Get the
AMFI Registration Number (ARN)
Dedicated Relationship Managers, Business & Strategy Planning by experienced NJ Team Members, Activity Planning, Target Setting, Annual Rewards, and Recognition
Research on MF Schemes, Market Trends, Equity and Debt Analysis, Wealth Watch, Star Funds
Partner Desk, Client Desk, Mobile Apps, CRM, Financial Planning Desk
AMFI Training, New Partner Orientation Training, Sales and Motivational Trainings, Soft Skills and Personality development, Regular Product trainings
Logo, Flyers, Booklet, Banner, Standee, Profile Brochure, Visiting Card, Stationery, Website, Mobile Communication Service
Online Query Module, Toll Free Number for Partners, Quick TAT for Faster Resolution
One of the key differentiators for NJ Wealth is the power of technology
(Web & Mobile)…
As of 30 Sep 2024, the Indian mutual fund industry is worth Rs. 67.09 lakh crore AUM (Source - AMFI). The mutual fund industry is one of the fastest-growing financial industries, with a 7-fold growth in the last 10 years.
Despite the growth in MF investors, there is still a long way to go due to the following reasons -
The huge gap between demand and supply creates great career opportunities for you.
The beauty of this business lies in its commission-based earning model, which is known as the "trail commission." This commission is quite unique in nature, and the payout here is done on a monthly basis. The two biggest advantages of this commission are that, firstly, it's calculated on the market value of the investment and, secondly, one gets the commission as long as the client is holding onto his investment in the market.
So, for example, if you are managing client investments of around Rs. 10 Crore and the trail rate is 0.60%, you get a monthly trail income of Rs. 50,000. This income will increase based on the movement of the stock market and new business brought by you.
LETS UNDERSTAND EARNING WITH EXAMPLE
If an investor had invested Rs.1 Lakh in mutual funds 15 years ago, you would’ve generated the following trail income:
Year | AUM Growth | Trail | Cumulative income |
1 | 1,12,640 | 788 | 788 |
2 | 1,26,878 | 888 | 1,677 |
3 | 1,42,915 | 1,000 | 2,677 |
5 | 1,81,327 | 1,269 | 5,073 |
10 | 3,28,796 | 2,302 | 14,272 |
15 | 5,96,197 | 4,173 | 30,953 |
Assume: Market Growth - 12.64%, Trail - 0.70%
For becoming a mutual fund distributor :
NJ Value pack Registration fees - Rs. 7000 ( Rs.2000 for NISM Mutual fund VA Exam + Study material & Rs.5000 for NJ subscription fee.
Rs.1500+ GST fees for ARN Application to CAMS Separately as an individual. ARN fees for non-individuals are different from those for individuals.
For existing mutual fund distributors (ARN Holder) :
Rs.5000 as NJ Subscription fee is refundable subject to fulfilment of minimum business criteria within first 3 months of starting the business
In case you fail the exam, you simply have to pay Rs. 1500 for a repeat attempt of the NISM Mutual Fund VA Exam.
There is no limitation on the number of attempts in an exam.