What is AMFI MFD Karein Shuru Campaign?

MFD Karein Shuru Campaign – Mutual Funds Distributors (MFDs) play an important role in ensuring that mutual funds investors select the right scheme and continue to invest as per their financial goal to achieve the objective. However, the total number of MFDs in India is just about 1,00,000, which is very less. 

Current mutual funds investor base is about 3 crore and this investor base is expected to grow to 10 crores in next 7-8 years. It is estimated that about 5,00,000 MFDs will be required to cater to this growing investor base.

Realizing this gap, AMFI has launched a campaign to increase the base of mutual funds distributors with the help of industry players including asset management companies. This campaign has been titled as “MFD Karein Shuru”.

How to become a mutual fund distributor?

MFDs are AMFI registered ARN holders who are certified to sell mutual funds to investors.

Before registering with AMFI as ARN holders, such individuals need to pass the NISM-Series-V-A: Mutual Fund Distributors Certification Examination.  After passing the exam, such individuals need to register with AMFI and obtain ARN.

Click here to know more details on – How to become a mutual fund distributor

Passing the NISM exam may seem difficult, but here is some good news!

Nivesh is providing comprehensive training and required support for the exam. 

Register now for the same

Benefits of Becoming Mutual Fund Distributor

Becoming MFD can bring a revolutionary change in your life. There are many benefits:

1. Provide clients with a variety of investing options. You can start your own business of distribution of mutual funds and other financial products like Bonds, fixed deposits. You don’t have to be dependent on anyone else for earning your own livelihood.
2. Life-time income – Mutual fund distribution business provides a good recurring source of income as the commissions on mutual funds are paid on trail basis. Hence, any investment, until it is held by the client, will generate commission income for you every month. Moreover, if the value of investment rises because of the rise in markets, the commission income will also increase. If you start SIP (Systematic Investment Plan) for a customer, every month the investment value will increase and your income will also go up.
3. Make money in a trustworthy and transparent manner- You are helping people in your network to manage their wealth and accordingly your stature and reputation also increases in the society. The profession will enable you to gain more respect among your network.
4. You will be able to manage your own wealth better and gain financial stability

How Nivesh Helps in Becoming MFD?

Nivesh is a digital-first award winning wealth platform partnering with MFDs to help them manage and grow their business. It helps anyone to become MFD by providing  full training and support for passing the NISM exam. Once the person has obtained the ARN, she/he can start his/her MF business with Nivesh right away without any need to empanel with mutual funds or without  incurring any cost or investment. The team at Nivesh will help in the entire process.

Benefits of Partnering with Nivesh

An MFD benefits immensely by partnering with Nivesh :

1. Access to a large number of products – mutual funds, fixed deposits, bonds, digital gold, insurance, etc. Provide more suitable options to your clients and increase your income manifold!
2. No cost to run and manage the business. You just need a smartphone to get started!
3. Complete training in different products
4. Nivesh platform enables you to suggest the right investment product to a customer on the basis of his / her risk profile, time horizon and financial goal. You can then execute the transaction online from anywhere. Various reports also help you in tracking the investments and suggesting changes from time to time.
5. All back-end processes are handled by Nivesh including generation of reports. You can focus on engaging and interacting with your clients.
6. Many knowledge sessions are conducted on regular basis to keep you updated on economy and other changes
7. Complete support in your business and access to a relationship manager to answer your questions and queries

And many more that you will experience once you join Nivesh

What is AMFI ?

AMFI is the Association of Mutual Funds in India. It is the association of all the Asset Management Companies of SEBI registered mutual funds in India. AMFI was incorporated on August 22, 1995, as a non-profit organization. The objective of AMFI is to define and maintain high professional and ethical standards in all areas of operations of the mutual fund industry in India. Further, it is entrusted to recommend and promote best business practices and code of conduct to be followed by asset management companies. It also undertakes investor awareness programs, disseminates information on mutual funds, conducts research and studies on the mutual funds industry, It also regulates distributors of mutual funds and takes steps for protection of investors.

Aaj hi Shuru Karein Apna MF Business Nivesh Ke Saath