Mutual Fund Careers

Related Courses • Certificate Course

Mutual Fund industry is playing an active role in the capital market today and is one of the fastest growing industries. Mutual funds industries offer multiple career options to the youths irrespective of their academic subjects. Graduates from arts, science and commerce can easily find a job in this promising and growing sector. Further, coming of private players and many financial institutions into the mutual funds markets have further widen the scope of employment in this sector.

Course Details
To start a career in mutual fund, the minimum requirement is a certification (Advisor Module) and a registration number from the Associations of Mutual Funds in India (AMFI). SEBI has made mandatory for any entity or person engaged in marketing and selling of mutual fund products to pass AMFI certification test (Advisors Module) and obtain registration number from. This certification remains valid for 5 years from the date of the test. Anyone irrespective of age and profession can obtain this certificate by qualifying the test conducted by AMFI.

Career Prospects
Graduates having the AMFI certificate can work with many public and private sector mutual funds. They can join as Manager, Relationship Manager and Advisor in mutual funds and work for marketing and distribution of mutual funds schemes. One can also work independently as a mutual fund agent or financial planner by suggesting ideal policy to customers.

Institutes Offering
The Associations of Mutual Funds in India (AMFI) is the only institute in India which offers certificate courses in mutual funds. Securities and Exchange Board of India has made it mandatory for persons or entity associated with mutual fund industries to obtain a certificate and registration number from AMFI.

Remuneration
Mutual Funds industry is a promising field for youngsters because it is highly remunerative. The income of mutual funds agents depends upon the number and type of scheme they sold to costumers. But it can be expected that they can easily earn Rs1 lac to Rs 1.5 lac per annum with little effort. Those who are working with various mutual funds can earn Rs 10,000 to Rs 25,000 per month.

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