Career Planning in AMFI Certified Mutual Fund Advisor

This article describes about Career Planning in AMFI Certified Mutual Fund Advisor.

Career Planning in AMFI Certified Mutual Fund Advisor

There is a great opportunity exists for Financial Planners in India as >35% of the world's youth live in India of which 54% are below 25 Years of age and it is assumed that by year 2013, India will have 33% productive youth. Why Mutual Fund? Mutual Funds are the products that is not much penetrated in Indian market as compared to Insurance. So there is a great opportunity exists for young youth who are interested to make their career in Financial Planning as there are approximately more than 15 lacs Insurance Agents available whereas the Mutual Funds Agents are less than 50000 in the market. So there is less competition for selling the Mutual Funds.

Now coming to the question of Why one should sell Mutual Funds? There are number of reasons can be listed for the answer. Lets us see one by one in brief why one should sell Mutual Fund products.

1. It is easy to make more clients by selling mutual funds because as told earlier the penetration of Mutual Funds in Indian market is low as compared to Insurance Products. So there is more opportunity to acquire clients. As you become certified consultant you know the product well and hence higher success ratio to begin with the selling Mutual Funds.

2. Less competition in market as again informed earlier there are very less Mutual Funds Agents available in India (AMFI Certification is Mandatory to sell Mutual Funds) as compared to Insurance Products. So you can easily sell the product. Also there is a huge demand of Quality Mutual Funds Agent across the Mutual Fund Companies.

3. With this Certification your client will be more satisfied as he knows that you have thorough knowledge of product as you have completed the AMFI Certification. With mutual funds in your offering, you are in a much better position to fully meet the client's financial and investment needs.

4. Good Source of Income: Mutual Fund Agents gets attractive income in terms of commission. Mutual fund is one product today that potentially has no limits to the volumes that you can generate. Unlike insurance, where income is based on the premium you collect, in mutual funds income is only the amount collected as well as on the entire AUM (Assets Under Management) that you mobilise. Over long term you make much more money than doing insurance or any such product !!!

5. Strong Industry Growth ahead: Indian economy growth is intact. There is a very strong growth of mutual funds ahead. The reasons are many – good product, low penetration, huge market, growing income, changing mindset, lack of other attractive investment products, etc. Mutual funds have all the products to match the different needs of different investors.

6. Retention & Loyalty of the Clients: People today look for easy, fast, and single service point that provides them with solutions that meets their multiple needs. The client would probably invest in mutual funds some day or later. Why not You do the same before anyone else gets to your client?

7. Greater choice of products: Mutual Fund products basket is very big and varied meeting every individuals need and capacity. The basket would include pure Equity funds (Diversified / Sectoral / Index Funds) to pure Debt funds (Gilt / Income / Short Term Plans / Floating / Liquid Funds) to Hybrid funds (MIPs / Balance / Arbitrage Funds) to the Tax Saving ELSS.

The first step in becoming a Mutual Fund Advisor is appearing for AMFI Certification Examination. You can refer my resource AMFI Certified Mutual Fund Advisor. After clearing the same and taking the registration number (ARN code) you can start advising and selling mutual funds.

For Mock Test and sample question papers on AMFI please refer attached source.

Be A Complete Financial Advisor


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Author: Ashis Dubey23 Jan 2009 Member Level: Gold   Points : 1

Hi Nilesh, I am very glad to read the article on AMFI Certified Mutual Fund Adviser.
I also think that in this volatile market its better to be a broker/agent rather than a trader.isn't it?
Really nice and very much impressive and also informative

Author: soubhagya das19 Mar 2009 Member Level: Gold   Points : 2

Hi nilesh it is really inspiring me to get more and more knowledge about financial field opportunity in future and I wil try to give all the exam held by AMFI so that I can be a expert and people will start coming to me for their financial solution so that I can help them in a better way and also I can make good money

Author: Nilesh14 May 2010 Member Level: Gold   Points : 2

With effect from 1st Jun'10, certification program for mutual fund distributor will be managed by National Institute of Securities Markets (NISM). Hence, AMFI Mutual Fund Certification program will be discontinued.

Accordingly, test for AMFI Mutual Fund (Basic) Module and AMFI Mutual Fund(Advisors) Module will not be conducted from June 1, 2010.

National Institute of Securities Markets (NISM) would be conducting Mutual Fund Distributors Certification Examination from June 1, 2010 onwards. The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 50%. There shall be negative marking of 25% of the marks assigned to a question.

Author: Nilesh28 Dec 2010 Member Level: Gold   Points : 1

Hi Santosh,

Earning is purely depends on your efforts of selling Funds to Investors. It could be from few hundreds to Lakhs.


Guest Author: Ashok Balde11 Feb 2015

Want to know the fees for MBA students.

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