Career Information > BFSI > Mutual Fund Agent

Last Updated on :16/10/2023
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Mutual Fund Agent

Aliases: Mutual Fund Advisor, Mutual Fund Broker, Mutual Fund Manager

Industry/Sector(s): BFSI


JOB DESCRIPTION 1

The tasks a Mutual Fund Agent is expected to perform include:

  • Offering mutual funds to prospective investors
  • Maintaining records of the investments
  • Conducting regular market research to advise customers
WORK ENVIRONMENT 1, 4
  • It is a desk job
  • Need not handle a team
  • Local travelling is a part of this job role
  • Part-time work and contractual jobs are not available
  • Work from home option is not available
Working hours
  • Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
  • Shift system is not available
  • Overtime may be involved
Is the job suitable for a candidate with special needs?

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING 1
  • Preferably, 12th
  • Certified training for Mutual Fund Agent (programme aligned to BSC/Q 0601 released by BFSI Sector Skill Council of India)
KEY COMPETENCIES 1
  • Knowledge of methods to evaluate mutual fund schemes
  • Knowledge of Total Return Method, Change in Net Asset Value (NAV) etc.
  • Knowledge of accounting, financial and economic concepts used for evaluating mutual funds
  • Ability to conduct market research
  • Knowledge of methods of accounting and understanding the structure of mutual funds
  • Skilled in computing various ratios to calculate risk-adjusted returns
  • Proficient in quantifying various risk factors and their impact on funds
  • Knowledge of basic computer skills
  • Proficient in mapping customer requirements with schemes
DESIRABLE COMPETENCIES 1
  • Preferably industry certification or training offered by the organization
  • Interpersonal skills
  • Communication skills
AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES 
  • Association of Mutual Funds in India
    https://www.amfiindia.com/

     
  • Oxford Software Institute
    www.oxfordinstitute.in/

     
  • National Stock Exchange of India Ltd.
    https://www.nseindia.com/
AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS 

SAMPLE OF TRAINING AND LEARNING COURSES 

CAREER PROGRESSION PATH 3

Portfolio Manager

           ↑

Mutual Fund Analyst

           ↑

Mutual Fund Agent

The progression is indicative

EXPECTED EARNINGS 2
  • For candidates with experience – Rs 20,000 to Rs 25,000 per month + commission

These figures are indicative and subject to change

REQUIRED WORK EXPERIENCE 1

Generally, relevant work experience is required

PROBABLE EMPLOYERS 1

Mutual fund companies

KEYWORDS 
  • Mutual Fund Advisor
  • Mutual Fund Broker
  • Mutual Fund Portfolio Manager
  • Mutual Fund Agent
OCCUPATIONAL CODES AND STANDARDS 
StandardCodeDescription
NCO 20153311.0202Mutual Fund Agent
ISCO 20083311Securities and Finance Dealers and Brokers
NIC 200866301Management of mutual funds
QP ReferenceBSC / Q 0601Mutual Fund Agent
NSQFTBDNot available
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