How can I become an IFA in India?

How to become an Independent Financial Advisor (IFA)?

1. Along with getting the ARN, they also need to clear a National Institute of Securities Markets (NISM) certification and register with AMFI to obtain ARN.
2. For being an IFA in India, it would be beneficial if you are a skilled marketer.

How much mutual fund distributors earn India?

Mutual fund (MF) distributors’ income has grown at a tepid pace in financial year 2020-2021. According to data from AMFI, MF distributors received Rs 6,617 crore in 2020-2021, which was just 7.6 percent higher than the previous financial year.

How do I become a mutual fund manager?

In India, to become a Fund Manager:

1. You must have an undergraduate degree such as B.Com, BBA, BBM or an equivalent degree in finances and investment.
2. Additional academic qualifications such as MBA in Finance would allow for a better scope of bagging a good career position in the field of Fund Management.

How do I become an MF advisor?

To become an MF advisor, follow these simple steps:

1. Register for the NISM exam. Candidates wishing to become MF advisors should first register for the National Institute of Securities Market (NISM) VA Mutual Funds Distributors Certification Exam.
2. Pass the NISM Exam.
3. Know Your Distributor.
4. Register with AMCs or Distributors.

How do I become a mutual fund advisor?

What is the commission of SBI mutual fund?

Overall the commissions reported by AMFI grew by 7.6\% over the past year to hit ₹6,617 crore. Typically mutual fund distributors earn around 1\% commission on the value of their clients’ equity schemes and 0.5\% on debt schemes.

How to become a mutual fund agent in India?

Education: The minimum qualification is Class 12 or Class 10 with 3 years of Diploma. The candidate should have attained the age of 18 years minimum to become a Mutual Fund Agent. Now you are eligible to apply for the NISM Series V A Mutual Fund Distributors Certification. And get registered with the AMFI (Association of Mutual Fund in India).

How to become a mutual fund advisor?

A mutual fund advisor is required to have a valid certification to provide his/her services to the investors. Association of Mutual Funds in India looks after proper disbursal of these certifications in a transparent manner. How Does One Become A Mutual Fund Advisor?

How to become an investment adviser in India?

Once your application is approved, you will get an intimation to pay the registration fee. You can make the fee payment (10,000 or 5 Lakhs) at this stage. On receipt of the fee, you will get registration as Investment Adviser. The registration is valid for 5 years and the same process is to be followed for renewal.

How to become a mutual fund distributor/agent?

To become a Mutual Fund (MF) distributor/agent, you need to clear NISM Series V-A – Mutual Fund Distributors Certificate Examination and then you need to obtain an ARN (AMFI Registration Number) code. You can register yourself as a MF agent in two ways :-