Are you a woman and want to have a career that allows flexible work schedule, work-from-home flexibility, managing your own clients and finances along with managing house chores, then a mutual fund distribution business for you?
The mutual fund distribution industry is flexible and scalable. It is perfect for women to enter. And once you discover how to start a mutual fund distribution business all you want to do is to master your mutual fund distribution business.
According to AMFI data, the growth of women mutual fund distributors in India has been increasing remarkably.
Source- AMFI
As of December 2023, there are approximately 21,000 registered women distributors, with their total assets under management amounting to approximately Rs 1.7 lakh crore.
This blog will discuss why the mutual fund distribution business is a good opportunity for women. We will also explain how you can become a mutual fund distributor.
The mutual fund distribution business allows a flexible schedule. This helps women balance their personal and professional lives.
As a woman, you play many roles: wife, mother, daughter. You balance these with grace. The mutual fund distribution business fits well with your life. It offers the flexibility to pursue your career while caring for your family.
This way, you can grow a successful side business without neglecting your other responsibilities.
Starting a mutual fund distribution business requires little money. For example, the NISM fee is only Rs 1500 and AMFI ARN application fee is roughly Rs 1700 and this is a one-time expense. So, it is a good option for female business owners.
The increase in the demand for mutual funds is also driving the demand for mutual fund distributors in India. As per AMFI data, the total number of distributors increased by 98% from 89,746.051 in 2020 to 177,856,760 in 2024.
This shows that there is a demand for professional financial professionals and you can also become a part of this growing community.
There is no bar when it comes to compensation in the mutual fund distribution business. Becoming a mutual fund distributor offers flexibility of scale. You can build a large business or start small and grow. The choice is yours. This career lets you match your efforts to your goals, time, and lifestyle.
Several government and institutional initiatives help female entrepreneurs. They provide financial aid, resources and training.
Contact ex-colleagues, peers, and close friends, especially women. This will spread your name and expertise, helping you grow your client base. Women in mutual fund distribution can use networking in finance. It will help them build a strong clientele and stay updated on market trends.
Digital platforms and tools let women manage their distribution business from anywhere. They no longer need a large physical infrastructure.
Distributing mutual funds offers chances for learning, professional growth and adequate compensation.
To become a mutual fund distributor, an individual must pass the NISM Series V-A exam.
After passing the test, you must register with the Association of Mutual Funds in India (AMFI) to get the ARN. It is required to start a mutual fund business.
You can individually empanel with the different mutual fund houses. Or, partner with an online Mutual Fund Distribution Platform such as Prudent Corporate. It has a platform for managing investments. You can use the resources and expert help. This cooperation streamlines your investing process and improves the effectiveness of portfolio management.
In the mutual fund distribution industry, networking is essential. Utilize social media, neighborhood activities, and personal recommendations to cultivate a robust clientele.
For women, mutual fund distribution offers a profitable and satisfying economic opportunity.
It offers freedom, financial independence, and a chance to boost others' security. Women can succeed in this growing field.
As a mutual fund distributor, you must adopt a thoughtful approach to utilize your assets effectively.
