With the advent of the internet, it is easy for investors to get full information about mutual funds and other investment options. You can get in-depth information about investment schemes and even compare different fund choices easily online. However, a mutual fund advisor or agent can help you to give you a deep understanding of your investment objectives and risk profile so that you can choose the right mutual fund to build wealth. Hire the services a mutual fund agent if you would like to manage your investments in mutual funds in the most convenient, efficient and quick way.
Duties and functions of a mutual fund agent
A mutual fund agent helps his or her investors to buy and sell the mutual fund, and he earns commissions for that to bring them into different mutual fund schemes. As an advisor, he must know about different mutual funds available in the market and makes investors aware of them. You can approach an agent to carry out various investment transactions related to switching and redemption. He also helps an investor to guide on the performance of his investments periodically.
As a mutual fund advisor, you need to know how to trace the functioning and performance of the industry related to mutual funds. He uses different databases to carry out quantitative and qualitative analyses and interview portfolio managers for the analysis. It is necessary for a mutual fund agent to scrutinize the developments in the markets and the industry and identify the best investment schemes.
How to be a mutual fund agent
Mutual fund advisors are highly in demand, and you can be an agent by passing the examination conducted by the National Institute of Security Market. A registration number from the Associations of Mutual Funds in India (AMFI) with a NISM Series VA Mutual Fund Distributors Certification helps you to start your career as a mutual fund advisor. A bachelor’s degree is suitable for the aspiring mutual fund agents in India.
You can find a wide range of job opportunities in the mutual fund industry in different spheres such as marketing, sales, HR, investments, product development, etc. The job description of a mutual fund agent includes:
- Track debt market developments
- Interacting with fund managers
- Make reports on mutual funds
- Meet clients
- Prepare sector reports
- Manage equity, debt and diversified funds
- Monitor investments of his clients regularly
As a mutual fund agent, you need to fulfill different roles and responsibilities. You can earn a good salary as an advisor in this field based on your experience. It is certainly a lucrative career option in India that helps you to earn billions of rupees.