What is a Mutual Fund?

A mutual fund is a type of investment where many people pool their money together. This combined money is then invested in different things like stocks (shares of companies), bonds (loans to companies or the government), and other assets.

A professional fund manager takes care of this investment, making smart decisions to help the investors earn good returns. Instead of choosing and managing investments on your own, a mutual fund does it for you.

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Who is a Mutual Fund Advisor?

A Mutual Fund Advisor is a certified professional who helps people invest in mutual funds by providing expert guidance.

  • They assess an investor’s financial goals, risk tolerance, and time horizon to recommend suitable funds. Advisors assist in portfolio selection, diversification, tax planning , and ongoing investment monitoring.
  • They simplify complex financial decisions, ensuring investors maximize returns while managing risks. To operate legally . With expert guidance, a Mutual Fund Advisor helps clients build wealth, save taxes, and achieve financial security through structured investment planning.

How to Become a Mutual Fund Advisor (Distributor)?

  • Meet the Eligibility Criteria: No specific qualification required, but basic financial knowledge helps.
  • Pass the NISM-Series V-A Exam: Register for the NISM Mutual Fund Distributors Certification Exam, study the syllabus, and clear the test.
  • Get AMFI Registration Number (ARN): After passing the exam, apply for an ARN from AMFI (Association of Mutual Funds in India).
  • Empanel with AMCs: Register with different Asset Management Companies (AMCs) to distribute their mutual funds.
  • Start Advising & Earning: Build a client base, recommend suitable funds, and earn commissions on investments.

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Why depend on us ?

10+ Years

Expertise

25000+

Customers Served

How to Find the Best Mutual funds Advisory Services in India

Look for a reputable advisory firm like Livelong Wealth that prioritizes:

AMFI Registration

Ensure the advisors are registered with AMFI (Association of Mutual Funds in India), a mandatory requirement for legitimate stock market advisors.

Experienced Team

Choose advisors with a proven track record of success and extensive experience in the Indian stock market.

Transparent Fee Structure

Understand the fee structure upfront to ensure it aligns with your budget.

Client-Centric Approach

The best advisory firms prioritize their clients' needs and provide clear communication and ongoing support.

You’ve got questions? We’ve got answers.

Is becoming a Mutual Fund Distributor (MFD) a profitable career?

Absolutely! MFDs earn commissions on every investment made by their clients. New MFDs make around ₹3-5 lakh per year, while top MFDs earn ₹50 lakh to several crores annually!

How many MFDs are there in India, and how many are actually active?

As of June 2024, India has 147,000 individual MFDs, but only 57% are actively working. With over 275,000 professionals including Employee Unique Identification Number (EUIN) holders, the industry is rapidly expanding.

How does an MFD earn money?

No salary, no problem! MFDs earn through trail commissions based on the total investments they manage (AUM). Here’s how it works:
✔ Equity Funds: 0.15% – 1.95%
✔ Hybrid Funds: 0.25% – 1.70%
✔ Debt Funds: 0.01% – 1.30%

How much did Mutual Fund Distributors earn last year?

In FY 2023-24, MFDs earned a record ₹14,853 crores in commissions, reflecting a 23% year-over-year growth. The industry is booming!

Where are most mutual fund investments happening in India?

Maharashtra, Karnataka, Gujarat, West Bengal, and Delhi account for 70% of total mutual fund investments, with Maharashtra leading the way!

How fast is the mutual fund industry growing?

The industry is expanding at 18% CAGR and is projected to reach ₹20 lakh crore AUM by 2030. Now is the best time to become an MFD!

Can I become an MFD without a finance background?

Yes! You don’t need a finance degree. Just clear the NISM-Series V-A exam, register with AMFI, and you’re ready to start!

What’s the biggest myth about Mutual Fund Distributors?

“MFDs are just salespeople.” Wrong! MFDs are financial guides who help people grow their wealth, save tax, and secure their future.

Can I work from home as an MFD?

Yes! MFDs enjoy flexibility and can manage clients remotely. No office required – just a laptop and a strong network!

India's Population

143

Crore+

Mutual Funds

Distributors Just

1.5

LAC+

For every 9600 People Only

1

Distributor



Source: RBI,AMFI

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