Become your own boss with zero investment and unlimited growth possibilities.
Build your business in an industry that is respectable and growing fast...
India's
Population
People Having
Bank Account
Unique Investors
in Industry
Insurance
Agents
Mutual Fund
Distributor
Industry Growth
in last 5 years
Mutual Fund Industry AUM- 2023
Expected to grow by 2032
Various Sources: Economic Survey 2023, AMFI, May 2023, Crisil Report-Dec-22, March- 22, United nations,IRDAI Annual Report 2021-2022, Kotak Institutional Research
Let your clients transact at their comfort - anytime, anywhere on any device - using a safe and user-friendly platform
Acquire clients across locations using high quality images, videos, email campaigns and presentations, free of cost!
Create your own branding using white-labelled reports, posts, images, links, your own website and mobile application
Get empowered and enlightened with regular trainings, meetings, seminars and webinars with industry experts
Feature-rich, User-friendly Online Investment Platform to Transact in MF, Stocks and Other Financial Products
Get Real-time Portfolio Valuation, Capital Gain/Loss, Dividend Income and Many Other Reports Instantly
Provide Your Clients Value Additions Using various Financial Calculators, Smart Scheme Combo, Readymade Portfolios, etc
Your relationship manager acts as a single point of contact for all your investment product and service needs.
Get Multiple MIS tools and Business Analytics Reports to Manage Your Business Smart and Efficiently
Improve Your Productivity by Being Able to Create and Manage Portfolio, Setting and Monitoring Targets
"I am Associated with Prudent since 15 years. Their online investment platform Fundzbazar.com helped me cut down all the limitations of demography in my business and I have clients all across India and abroad as well."
"Me and my clients get lots of flexibility at one login on fundzbazar.com, I guess it is one of the best online platforms currently in india. "
"Prudent has one of the best systems, one of the best partner desks and one of the best IT teams to support. The array of products helps you grow as a good financial planner. "
"Because of prudent’ s technology platform & support I am able to service my client quickly and professionally. I have attended so many training sessions in the last five years and that has surely helped me in my growth story."
"The biggest advantage prudent offers to their partners is the wide range of investment products offering. It gives you a unique advantage to cater to a variety of clients' investment needs."
"I have been a prudent partner since 2016 and my journey so far is absolutely amazing. They are the best in the industry in terms of platform and service. "
There are a few essential procedures in India to become a Mutual Fund Distributor:
Absolutely. MFD is a promising career. According to AMFI, as of February 2024, there will only be 1,54,051 mutual fund distributors to service 4,39,08,572 customers.
There is no specified educational requirement according to Association of Mutual Funds of India(AMFI). Anyone interested in finances and having basic knowledge of financial markets can join the Mutual fund industry.
The NISM Series V-A Certification exam is an exam to evaluate a candidate's understanding of mutual funds. The certificate lasts 3 years and requires renewal thereafter.
There are no particular educational prerequisites for MFDs. Relevant certification such as NISM Series V-A certification and ARN is needed.
Anyone who wants to work as a Mutual Fund Distributor must pass the NISM-Series V-A Mutual Fund Distributor certification exam.
NISM Exam link - https://www.nism.ac.in/mutual-fund-distributors/
Normally, applicants have two hours(120 minutes) to complete the Multiple choice based NISM Series V-A Mutual Fund Distributor Exam.
The NISM Series V-A exam evaluates understanding of mutual funds, their composition, and Indian regulations.
To sign up for the Mutual Fund Distributor NISM VA exam:
The following steps are required to prepare for NISM exam:
Prudent Corporate offers free workshops on the NISM V-A exam. The workshop consists of thorough study guides, online training modules, and practice exams to assist you in clearing the NISM Series V-A exam.
NISM registration link https://www.nism.ac.in/mutual-fund-distributors/
The cost for re-attempting the exam is the same Rs. 1500 which is paid during registration. You have 30 days to attempt the exam
if you don't pass.
You are allowed as many attempts as you prefer, but each try will need payment of the exam fees.
The ARN represents the "AMFI Registration Number." It is a unique identifying number given to people or organizations operating as mutual fund distributors by the Association of Mutual Funds in India (AMFI).
Anyone involved in the marketing or distribution of mutual fund products in India is required to have an ARN.
To receive an ARN number, you must first register with AMFI by fulfilling the training requirements and passing the NISM VA (Mutual Fund Distributors) certification exam.
After that, you must send AMFI the application and all relevant supporting documentation to obtain ARN. The minimum ARN to obtain ARN is 18. For more information visit https://www.prudentcorporate.com/NISMARNReg.
Prudent Corporate provides its mutual fund distributors with a number of services. Such as:
No, not without an ARN (AMFI Registration Number).
Once you clear the NISM series V-A, you can apply for ARN and can start your mutual fund distribution journey with Prudent Corporate.
To apply for ARN, click here: https://amfi.camsonline.com/amfi-online/#/sessions/login
Yes, the brokerage rate is Inclusive of GST.
Yes, distributors associated with Prudent Corporate can get clients from all across India by utilizing Prudent Corporate’s vast network and technical platforms to reach a national audience.
The partner desk provides clients and distributors connected to Prudent Corporate with a dedicated point of support and assistance.
There are NO fees when partnering with Prudent Corporate.
Yes. According to the report by Angel One, Prudent Corporate is 5th Largest Mutual Fund Distributor in overall category and 2nd Largest in National Distributor (ND) category.
Yes, before beginning the transfer of assets to another ARN, distributors must notify and get the approval of their investors. Distributors may proceed with the transfer if, within 15 days, they hear nothing from investors.
The payment that is given to distributors who help investors obtain mutual fund products is known as a mutual fund distributor commission.
This commission can take many different forms, but its main purpose is to pay the distributor for their assistance in marketing, selling, and providing customer care related to mutual fund investments.
The amount of sales a mutual fund distributor makes, the kind of mutual funds they distribute, and the commission structure all have an impact on their revenue.