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.
A Mutual Fund Advisor is a certified professional who helps people invest in mutual funds by providing expert guidance.
Look for a reputable advisory firm like Livelong Wealth that prioritizes:
Ensure the advisors are registered with AMFI (Association of Mutual Funds in India), a mandatory requirement for legitimate stock market advisors.
Choose advisors with a proven track record of success and extensive experience in the Indian stock market.
Understand the fee structure upfront to ensure it aligns with your budget.
The best advisory firms prioritize their clients' needs and provide clear communication and ongoing support.
You’ve got questions? We’ve got answers.
Absolutely! MFDs earn commissions on every investment made by their clients. New MFDs make around â‚ą3-5 lakh per year, while top MFDs earn â‚ą50 lakh to several crores annually!
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.
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%
In FY 2023-24, MFDs earned a record â‚ą14,853 crores in commissions, reflecting a 23% year-over-year growth. The industry is booming!
Maharashtra, Karnataka, Gujarat, West Bengal, and Delhi account for 70% of total mutual fund investments, with Maharashtra leading the way!
The industry is expanding at 18% CAGR and is projected to reach â‚ą20 lakh crore AUM by 2030. Now is the best time to become an MFD!
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!
“MFDs are just salespeople.” Wrong! MFDs are financial guides who help people grow their wealth, save tax, and secure their future.
Yes! MFDs enjoy flexibility and can manage clients remotely. No office required – just a laptop and a strong network!
