Saturday, June 7, 2008

Become a Certified Mutual Fund Advisor

If you have experience in financial sector, Insurance, etc then there is also one area which can give you huge earning. Become a certified Mutual Fund advisor by appearing AMFI exam which is conducted by NCFM ( NSE's Certification in Financial Markets). Yes AMFI (Association of Mutual Funds in India) conducts certification programme of Mutual Fund basic and advisor module.There is great demand of financial planners in India. It is mandatory to pass Mutual Fund advisor module to canvass mutual fund business in India.

Any one can become Mutual Fund advisor who has passed 12th exam. There is no age ristriction to appear in exam. The examination fees is Rs. 1000/-
As per industry reports there are 15 lacs Insurance agents in India and only 60,000 Mutual Fund advisor's.

Once you clear AMFI Mutual Fund advisor exam you can register with AMFI. You will be given an unique code called ARN code (AMFI registration number) The registration fee is Rs. 500 for individuals. After that you can apply to various mutual funds to include you in their panel as a distributer. Now you are ready to canvass business for which mutual funds pay commision to distributors which is normally 2.25 %. For more details visit AMFI website. For test details visit nseindia website.
So all the best guy's! an exciting carreer is ahead... best of luck...

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