Benefits of Being a Mutual Fund Distributor
The mutual fund industry has seen remarkable growth in recent years, with increasing participation from retail investors across India. Mutual Fund Distributors (MFDs) play a pivotal role in this growth by connecting investors with mutual funds, providing advisory services, and helping them make informed decisions. For those looking to enter the financial services sector, becoming a Mutual Fund Distributor presents several compelling advantages. Two of the most notable benefits include low initial investment and scalability with long-term earnings potential. 1. Low Initial Investment One of the primary attractions of becoming a Mutual Fund Distributor is the relatively low financial barrier to entry. Unlike many other financial businesses, such as opening a stock brokerage or a financial advisory firm, starting an MFD business requires minimal capital. Minimal Setup Costs: To get started, all you need is to pass the NISM Series V-A exam, obtain the AMFI Registration Number (ARN), and ...