Become a Mutual Fund Distributor

Ans: A mutual fund distributor or mutual fund agent is an individual or a financial intermediary who helps investors buy/sell and manage their mutual fund investments.

Ans: A mutual fund distributor operates under the purview of SEBI and AMFI. The following eligibility criteria must be met to become a mutual fund distributor:

Qualification: Age 18+; There is no specific educational requirement to become an MFD

Certification: Must pass NISM-Series-V-A certification test, as mandated by SEBI. ARN (AMFI Registration Number) is issued upon completion of this certification.

Empanelment: After receiving the ARN, candidates can empanel themselves as mutual fund distributor with Rupeezy.

Code of Conduct: Mutual fund distributors must adhere to stipulated rules and code of conduct, any violation can lead to de-registration and penal action.

Ans: MF distributors are expected to fulfil following roles and responsibilities:

Investor Education: The main responsibility of an MFD is to educate investors about mutual funds, types of MF investments, their workings, past performance, risks, features and overall benefits.

Execution Assistance: MFD assists in executing the purchase of mutual funds in a timely and efficient manner. MFD also assists the investor in understanding the Rupeezy product such that they can manage their mutual funds.

Ans: Getting started as a mutual fund distributor with Rupeezy is simple and straightforward. No specific formal education is required to become an MFD. However, the individual must complete the following steps:

• Enroll with Rupeezy
• Pass the NISM Series-V certification
• Get the ARN - AMFI Registration Number
• Help users buy mutual fund on Rupeezy and get paid for it

Ans: As a Mutual Fund Distributor (MFD), your earnings can skyrocket based on the business you bring in and the funds you distribute. While you may start small, a successful MFD with an AUM portfolio of ₹5 CR to ₹20 CR can watch their commissions climb to ₹5 to ₹20 lakhs annually. The best part? There’s no cap—some MFDs in India are earning commissions in crores! The more you grow, the higher you soar!