Becoming a mutual fund distributor involves several steps, including meeting regulatory requirements, and obtaining necessary certifications, here are some things to know about it.
1
Understand what a mutual fund distributor does, including the responsibility to advise clients on mutual fund investments.
2
A minimum educational qualification for High School is usually required, For bank employees or experienced financial sector professional.
3
Post-exam, register with AMFI to obtain an ARN, this involves filling out the application form and providing the necessary documents.
4
Register with the Securities and Exchange Board of India after obtaining the ARN.
5
Establish an office with necessary infrastructure like computers, internet connectivity, and a secure filing system.
6
Develop a marketing strategy to attract potential clients, this can include digital marketing, networking, seminars and workshops.
7
Participate in ongoing training and certification programs to keep up-to-date with industry trends, new products, and regulatory changes.