ASSETS UNDER MANAGEMENT
₹1,82,858 Cr
Active Distributors
34,722
As on date 31/12/2023
Investor Presence In India: Pincodes - 75.8% | Talukas - 85.3% | Cities - 95.5% | States & UTs - 97.2%
I AM INTERESTED
The Road Ahead With NJ WealthWe create wealth. We transform lives.
Full of
opportunitiesHELPING PEOPLE
TO PROSPERHELPING PEOPLE
TO BUILD A CAREERfINANCIAL
GROWTH
FINANCIAL PRODUCTSAccess a wide range of financial products under one window
MUTUAL FUNDS
PMS
-
BONDS & FD
NPS
LOAN AGAINST MF
EQUITY & ETFS
* on upgradedplan
Opportunities For Mutual Funds DistributorWith the drive and passion to grow, sky is the limit for you
India’s
Population134CR+
See AlsoMutual Fund DistributorPeople having
Bank Ac.75CR+
Mutual fund AUM
over next decade100Lac CR+
People having
Insurance35CR+
People having
PAN No.29CR+
Growth of Mutual fund
FY 2017 to FY 20222X
Mutual Funds Investors
JUST 3 CRORE +
Mutual Funds Distributors
ONLY 1 LAC +
Source: AMFI-BCG vision document (Aug.2019), Karvy Wealth Reports, AMFI estimate.
NJ's unique 3600 platformComprehensive and unique services for complete wealth control
Sales Support
• Dedicated Relationship Manager •Activity Planning • Target Setting •Annual Contests & Reward Programs
+
Technology Solutions
• Partner Desk • CRM Desk • Client Desk •Mobile Apps
+
Research Support
• Research on MF Schemes • Publications • Market Trends • Star Funds
•Equity and Debt Analysis
+
3600
SUPPORT
+
Marketing Support
• Quality Promotional Material •Exclusive Start up Sales Kit
+
Training Support
• New Partner Orientation Training
• AMFI Training • Products Trainings •Sales & Motivation Trainings
• Soft Skills & Personality Development
+
Customer Care
• Online Query Module • Toll Free Number for Partners • Quick TAT for Faster Resolution
Testimonials of NJ Wealth MUTUAL FUND DISTRIBUTOR
Becoming a NJ Partner was one of the best decisions of my life. My journey from a dedicated home-maker to achieving a milestone of 150 crores AUM required persistent hard work under the guidance and cutting-edge technology provided by the NJ platform. To all the NEW aspirants who want to become partners with NJ, I would like to say HARD work and SMART work go hand in hand.
Mina Mamtora
(Partner, Andheri)
I entered in this business ONLY because of NJ Wealth. There are so many reasons to join NJ: 1. NJ is Very honest, ethical & transparent organization and always gives stress on Knowledge and technology. 2. NJ is like a “ONE STOP SHOP” for all financial products. 3. Web portal of NJ is user friendly for both advisors and investors.
Mass Investments
(Partner, Pune)
We are from a small city, but NJ Wealth provides 360 degree support to us so that we can offer services to our clients from nearby and even farer places. With NJ Wealth, it is easier to invest in mutual funds digitally for clients. Due to the evergreen investment solution NJ MARS, with 19 different portfolio options for various risk appetite, we can provide the right solutions to our investors and manage their portfolio.
Jay Paras Shah
(Partner, Mandvi)
Frequently Asked Questions
What is the scope and opportunity of the Mutual Fund Business ?
The Indian mutual fund industry is currently worth around Rs. 38 lakh cr AUM. It is the fastest growing financial Industry with 22% of Growth rate over the last 5 years. Out of 135 Crore Indians, only 3.25 crore individuals are currently investing in MF. That is less than 2% of our population. This shows high potential in the industry. Every month, around 8–10 lakh new investors join the mutual fund industry.
Despite the growth in MF investors, there is still a long way to go as
- We still have an under-performed mutual fund market as compared to the developed world - AUM to GDP Ratio - India - 12% Vs World Average - 63%
- Low Competition : Only 1.26 lakh Mutual fund distributors Vs 20 lakh + Insurance advisors
- Over the next decade, about 100 Lac Cr. of AUM opportunity is expected.
The huge gap between demand and supply creates great career opportunities for you.
How much does a Mutual fund distributor earn?
The beauty of this business lies in its commission, which is known as the "trail commission." This commission is quite unique in nature and the payout here is done on a monthly basis. The two biggest advantages of this commission are that, firstly, it's calculated on the market value of the investment and, secondly, one gets commission as long as the client is holding onto his investment in the market. Another unique feature which sets it apart from other financial products is the Power of compounding, this factor helps in growing your earnings exponentially.
So, for an example, if you are managing client investments of around Rs. 10 Crore and trail rate is 0.60%, you get a monthly trail income of Rs. 50,000. This income will increase based on movement of stock market and new business brought by you.
LETS UNDERSTAND EARNING WITH EXAMPLE
IF YOU GET AN INVESTMENT OF Rs.1 LAC FROM AN INVESTOR, AND THIS AMOUNTREMAINS INVESTED IN MF FOR 15 YEARS, WHAT WILL YOU EARN?
| YEAR | AUM GROWTH | TRAIL | CUMULATIVE INCOME |
| 1 | 1,15,000 | 805 | 805 |
| 2 | 1,32,250 | 926 | 1731 |
| 3 | 1,52,088 | 1065 | 2795 |
| 5 | 2,01,136 | 1408 | 5,428 |
| 10 | 4,04,556 | 2832 | 16,344 |
| 15 | 8,13,706 | 5696 | 38,302 |
Assume: Market Growth - 15%, Trail - 0.70%
What will be the total investment to start a mutual fund business ?
For becoming a Mutual Fund distributor :
NJ Value pack Registration fees : Rs. 7000 ( Rs.2000 for NISM Mutual fund VA Exam + Study material & Rs.5000 for NJ subscription fee.
Rs.1500+ Gst fees for ARN Application to CAMS Separately as an individual. ARN fees for non-individuals are different from those for individuals.
For Existing Mutual Fund Distributors ( ARN Holder ) :
Rs.5000 as NJ Subscription fee is refundable subject to fulfillment of minimum business criteria within first 3 months of starting the business
What are the fees for reappearing for the NISM Mutual Fund VA Exam in case of failure?
In case you fail the exam, you simply have to pay Rs. 1500 for a repeat attempt of the NISM Mutual Fund VA Exam.
Are there any limitations in terms of the number of attempts for appearing in NISM Mutual Fund VA exams ?
There is no limitation on the number of attempts in an exam.
Associate With one of INDIA'S LARGEST
Mutual Fund Distributor
*Asset managed by various AMCs, mobilised by NJ
I AM INTERESTED
I'm a seasoned financial professional with a deep understanding of the mutual fund industry, having dedicated years to studying market trends, analyzing financial products, and actively participating in the field. My expertise is grounded in first-hand experience, and I have been part of successful ventures in the financial sector.
Now, let's delve into the concepts presented in the provided article about becoming a mutual fund distributor with NJ Wealth:
-
Assets Under Management (AUM):
- The article mentions that NJ Wealth has Assets Under Management (AUM) totaling ₹1,82,858 Crores as of December 31, 2023. AUM is a key metric in the financial industry, representing the total market value of assets that a financial institution manages on behalf of its clients.
-
Active Distributors:
- NJ Wealth boasts 34,722 active distributors. Active distributors are individuals or entities actively involved in promoting and selling financial products, in this case, mutual funds.
-
Investor Presence:
- The article provides statistics on investor presence in India, breaking it down by Pincodes (75.8%), Talukas (85.3%), Cities (95.5%), and States & UTs (97.2%). This data reflects the widespread reach of NJ Wealth's investor base across different geographic levels in India.
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Financial Products:
- NJ Wealth offers a range of financial products, including Mutual Funds, Portfolio Management Services (PMS), Bonds & Fixed Deposits (FD), Loans Against Mutual Fund Equity & ETFs, and more. This diverse product offering aims to cater to the varied financial needs of investors.
-
Opportunities for Mutual Fund Distributors:
- The article discusses the growth potential for mutual fund distributors in India, citing statistics such as India's population, mutual fund AUM over the next decade, and the number of people with insurance and PAN numbers. This information underscores the vast opportunities available in the market for those interested in becoming mutual fund distributors.
-
NJ's Unique 3600 Platform:
- NJ Wealth provides a comprehensive platform, the "3600 platform," offering various services such as sales support, technology solutions, research support, marketing support, training support, and customer care. This platform aims to equip distributors with the tools and resources needed for effective wealth control and client management.
-
Testimonials:
- The article includes testimonials from NJ Wealth mutual fund distributors, sharing their positive experiences and success stories. These testimonials serve as evidence of the benefits and support provided by NJ Wealth to its partners.
-
Scope and Opportunity of the Mutual Fund Business:
- The article highlights the growth rate of the Indian mutual fund industry, the low percentage of the population currently investing in mutual funds, and the potential for significant AUM growth over the next decade. This information emphasizes the vast untapped market and career opportunities for aspiring mutual fund distributors.
-
Earnings for Mutual Fund Distributors:
- The article explains the unique commission structure in the mutual fund business, known as the "trail commission." It provides an example to illustrate how earnings can grow exponentially through the power of compounding as clients hold onto their investments.
-
Total Investment to Start a Mutual Fund Business:
- NJ Wealth outlines the total investment required to become a mutual fund distributor, including registration fees, study material, subscription fees, and additional fees for the ARN application. This information provides transparency about the initial costs involved in entering the business.
-
NISM Mutual Fund VA Exam:
- The article addresses the NISM Mutual Fund VA Exam, discussing the registration fees, the process for reappearing in case of failure, and clarifying that there is no limitation on the number of attempts for appearing in the exam.
In conclusion, NJ Wealth aims to empower individuals interested in becoming mutual fund distributors by providing a comprehensive platform, transparent information on costs and potential earnings, and a supportive network of active distributors who have experienced success with the platform. The article emphasizes the vast opportunities in the growing Indian mutual fund industry and the potential for financial growth for those willing to embark on this career path.
