Income Of Mutual Fund Agent

A first commission is a direct commission paid to the agent for the services.

Income of mutual fund agent. Excess and above of rupees 10 lakhs might be taxed. Total earnings of a mutual fund agent will be rs. 1 one time transaction charge this is fixed as rs 150 for new investors of mutual fund and rs 100 for existing investors. If you have invested in retail mutual funds then the income earned from the redemption of these units will be tax free up to a number of rupees 10 lakhs in one year.

Thanks for the a2a. An agent having 1 2 years of experience can get a salary up to 50 000 to 80 000. Mutual fund distributors cpe program under the grandfather by experience category on submission of the. As of now sebi allows only trail comm.

Mutual fund agents earnings mutual fund agents usually get four types of commissions which are as below. To become a mutual fund agent you need to follow these steps. Apply for and clear the certification examination for mutual fund distributors as held by the nism series v a. You will also be able to see from this table that the more business you get the higher are your rewards.

Agent salary the salary range of the agent is based on experience. For an example of mutual fund agent earning consider upfront as 0 5 and trial 0 5. Candidate having 1 or 2 years of experience can get salary up to rs 50 000 to rs 80 000. Also considered equity mutual fund investment with a growth of 12.

The dividend that you will receive will be considered as your earnings against your investments in the mutual fund. Any associated person other than principal having experience of 10 years or more as a distributor agent or employed or engaged in the sale and or distribution of mutual fund products as on may 31 2010 may attend nism series v a. The salary range of a mutual fund agent is based on experience. Mutual fund agent salary.

The most above board way the agents actually distributor is the right term make money is through commissions paid by the amc. The mutual fund agent commission consists of three parts. After a few years when you are more experienced about the job and have a great knowledge about mutual fund securities then the salary increases up to rs. So mutual fund agent earnings will be as.

There used to be many forms of commissions earlier in india. This is the cost which will be deducted from your invested amount.