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Becoming a Mirae Asset Mutual Fund Distributor is an excellent opportunity for financial professionals and aspiring entrepreneurs looking to enter the mutual fund distribution business.

With Mirae Asset, as one of the fastest-growing investment platforms in India, you can start your journey as a Mirae Asset Mutual Fund Seller and earn attractive commissions by referring clients to invest in mutual funds.

The company offers a fully digital process, making it easy to onboard and manage clients. As a Mirae Asset MFD, you can leverage its strong brand reputation and robust technology to build a successful business.

What are the Business Requirements for Mirae Asset Mutual Fund Distributor?

Overall Investment

Rs.1.2 Lakh - Rs.1.35 Lakh

Commission Range

1% to 2% of AUM

Avg. Monthly Profit

Rs.67,250

Area in Sq. Ft.

100 - 200 Sq. Ft.

No. of Employees

Minimum 2

Breakeven Time

2 - 3 Months

Payout Time

30 Days

Total Distributors

1000+

Type of Distributor

AMC Distributor

NISM Certificate

Yes, Compulsory

ARN Generation

Yes, Compulsory

How much is Mirae Asset MFD Cost?

Distributorship Fees (One Time)

Rs.75,000

Office Expenses (Monthly)

Rs.45,000 - Rs.60,000

How much is Mirae Asset Mutual Fund Distributor Commission & Referral Bonus?

Revenue Sharing

1% to 2% of AUM

Per Client Acquisition

NA

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What are the Expected Earnings from Mirae Asset Mutual Fund Seller?

Active Lumpsum Clients

15

Avg. AUM per Client - Lumpsum (Rs.)

1,00,000

Total AUM - Lumpsum (Rs.)

15,00,000

Active SIP Clients

675

Avg. AUM per Client - SIP (Rs.)

10,000

Total AUM - SIP (Rs.)

67,50,000

Total AUM (Rs.)

82,50,000

Distributor's Share (Rs.)

1,23,750

New Client Acquisition

30

Client Acquisition Income (Rs.)

-

Total Distributors Income (Rs.)

1,23,750

Total Expenses (Rs.)

56,500

Distributors's Net Profit (Rs.)

67,250

Net Profit Margin

54.34%

Does Mirae Asset offer an MF Advisor Dashboard or App?

Web or App Dashboard


What is the Eligibility Criteria to Start Mirae Asset MFD Business?

Age

18 Years & above

Nationality

Indian

Academic Qualification

Graduate

NISM Certificate

Yes, Compulsory

ARN Generation

Yes, Compulsory

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What Documents are required to Become a Mirae Asset Mutual Fund Distributor?

Distributorship Agreement

Compulsory

Identity Proof - Aadhaar

Compulsory

Address Proof - Aadhaar / Rental Agreement

Compulsory

PAN

Compulsory

Passport Size Photo

Compulsory

Bank Account Details

Compulsory

Bank Cancelled Cheque

Compulsory

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