The Indian mutual fund industry is currently worth around Rs. 38 lakh cr AUM. It is the fastest growing financial Industry with 22% of Growth rate over the last 5 years. Out of 135 Crore Indians, only 3.25 crore individuals are currently investing in MF. That is less than 2% of our population. This shows high potential in the industry. Every month, around 8-10 lakh new investors join the mutual fund industry.
Despite the growth in MF investors, there is still a long way to go as
1. We still have an under-performed mutual fund market as compared to the developed world – AUM to GDP Ratio-India-12% Vs World Average-63%
2. Low Competition: Only 1.26 lakh Mutual fund distributors Vs 20 lakh + Insurance advisors
3. Over the next decade, about 100 Lac Cr. of AUM opportunity is expected.
The huge gap between demand and supply creates great career opportunities for you.

The beauty of this business lies in its commission, which is known as the “trail commission.” This commission is quite unique in nature and the payout here is done on a monthly basis. The two biggest advantages of this commission are that, firstly, it’s calculated on the market value of the investment and, secondly, one gets commission as long as the client is holding onto his investment in the market. Another unique feature which sets it apart from other financial products is the Power of compounding, this factor helps in growing your earnings exponentially.
So, for an example, if you are managing client investments of around Rs. 10 Crore and trail rate is 0.60%, you get a monthly trail income of Rs. 50,000. This income will increase based on movement of stock market and new business brought by you.

For becoming a Mutual Fund distributor:
NJ Value pack Registration fees: Rs. 7000 (Rs.2000 for NISM Mutual fund VA Exam + Study material & Rs.5000 for NJ subscription fee.
Rs.1500+ Gst fees for ARN Application to CAMS Separately as an individual. ARN fees for non-individuals are different from those for individuals.
For Existing Mutual Fund Distributors (ARN Holder):
Rs.5000 as NJ Subscription fee is refundable subject to fulfillment of minimum business criteria within first 3 months of starting the business

In case you fail the exam, you simply have to pay Rs. 1500 for a repeat attempt of the NISM Mutual Fund VA Exam.

There is no limitation on the number of attempts in an exam.