Mutual Fund agent is the one who facilitates buying and selling of mutual fund by investors and earns commission for bringing in investors into mutual fund schemes. Mutual fund agent aware the investors about various schemes of mutual fund houses. He helps the investors in carrying out investment transactions relating to switching, redemption and guide them periodically on the performance of their investments.
He has to track the Functioning and performance of the mutual fund industry. Mutual fund agent has to conduct quantitative and qualitative analysis using databases, monitor regulatory information and interviewing portfolio managers. He has to monitor important developments in the fund industry, markets and the broader economy.
He has to deeply coordinate and collaborate with the fund research time to identify best investment options and intermittent risks. This helps to create a strong research database with fund recommendations and conclusions.
Mutual Fund Agent Eligibility
Educational Qualification
To start a career as Mutual Fund Agent the minimum requirement is NISM Series VA Mutual Fund Distributors Certification and a registration number from the Associations of Mutual Funds in India (AMFI).
Important: The minimum qualification to give this examination is class 12 or class 10th with 3 years of a diploma.
Age Limits
The candidate should be of 18 years or above to become a mutual fund agent.
Mutual Fund Agent Required Skills
To become a successful Mutual Fund Agent the aspiring candidates must possess given skills:
- Mutual fund agent should streamline quantitative research for interest rates.
- He should know how to analyze debt and loan portfolio performance.
- Mutual fund agent should know how to perform credit appraisal with global best practices.
- He should enhance Basel based internal rating system.
- A mutual fund agent needs to generate better trade ideas & identify problem loans.
- He should build & maintain credit risk models.
- They should amplify credit monitoring system of clients.
- He should make lending and investment recommendations.
- Mutual fund agent should know how to design credit strategy and credit portfolios.
How to Become a Mutual Fund Agent?
To become a Mutual Fund Agent one has to follow the below-given steps:
Step 1
After completing 10th class with 3 years of diploma or 12th class from any steam, the candidate has to pass an exam conducted by National Institute of Security Market i.e. series V A mutual fund distribution certificate.
Step 2
After clearing the exam one is eligible to become a Mutual Fund Agent. However, it will be prudent for aspiring candidates to hold bachelor's degrees like B.Com Honors, BA Honors etc. The candidate needs to make sure that his stream should include subjects like economics accounting tax and Finance or investment analysis.
Exam for Mutual Fund Agent
To become a mutual fund agent one needs to qualify National Institute of Securities Markets (NISM) V-A certification exam.
Mutual Fund Training Institutes in India
• Forex Keys (VJS Academy), Vishakapatnam
• Kunjbihari S Goyal Online Academy for Learning and Development (GOLD), Mumbai
• Institute of Career In Financial Market, New Delhi
• Sydenham College of Commerce and Economics, Mumbai
• Equity Analysis Inc., Mumbai
• New Era Institute of Professional Studies (NIPS), New Delhi
• Dalal Street Investor Academy, Pune
• Focus Educare Pvt Ltd, Bangalore
• CSE Institute of Capital Market, Kochi
• The Greed N Fear -Institute of technical analysis, Ahmedabad
• Datta Institute for Stock Market Education, Hyderabad
• Stock Market Institute (SMI), Bangalore
• Jain Arbitrage Destination, New Delhi
Certificates Required to Become a Mutual Fund Agent
- NISM Series V (a): Mutual Fund Distributors Certification Examination
- NISM Series V (a): Mutual Fund Distributors Continuing Professional Education
- AMFI Mutual Fund (Advisors) Module
- IICM: Refresher Course on Mutual Funds
- CIEL: Refresher Course on Mutual Funds
Mutual Fund Agent Job Description
Mutual fund agent has to track debt market trends, interacting with fund managers, preparing sector reports, preparing reports on mutual funds and new offerings, and meeting new clients. Mutual funds offer long-term career options. A mutual fund agent needs to fulfil varied roles and responsibilities, beginning with the management of equity, debt and diversified fund with the support of research desk, taking accountable investment and exit decisions for the fund, delivering superior returns compared to the benchmark returns and monitoring investments regularly to find newer investment propositions.
Mutual Fund Agent Career Prospects
The Mutual Fund Agent is highly in demand and requires a sound knowledge of Equity and Debt markets. The mutual fund industry offers a diverse range of career opportunities for individuals with a multitude of backgrounds. These include sales, marketing, product development, investments, HR, risk and compliance across management levels. The scope of employment in this sector has increased with the entry of foreign players.
Mutual Fund Agent Salary
The salary range of a Mutual Fund Agent is based on experience. Candidate having 1 or 2 years of experience can get salary up to Rs.50,000/- to Rs.80,000/-. After a few years when you are more experienced about the job and have a great knowledge about mutual fund securities then the salary increases up to Rs. 1,00,000/- to Rs. 2,00,000 per month. It is a great career option in today's time and can let you earn billion of rupees.
