What is the commission for mutual fund advisor?

Commission from the client: 5\% to 2\% of the investment. The client can negotiate this commission’s worth on the quality of advice his agent provides. this is a recurring commission and the agent gets a commission every time the client invests.

Can RBI employees invest in mutual funds?

Yes you can invest in Mutual Fund.

How are mutual fund advisors paid?

A financial advisor receives a trailer fee, which is a fixed percentage of a client’s investment in a mutual fund, as long as the client’s money remains invested in the fund. Also, financial advisors are typically paid out of the front- or back-end loads that a mutual fund charges when its shares are bought or sold.

Can govt employee do mutual fund?

If you to save taxes along with investment, then you can invest in equity-linked savings scheme (ELSS). ELSS mutual funds are covered under Section 80C of the Income Tax Act, 1961, and offers tax deductions of up to Rs 1,50,000 a year.

Do all mutual funds have 12b-1 fees?

Fortunately, not all mutual funds charge 12b-1 fees. Many broad-market index funds are low-cost, with annual fees under 0.25\%. A growing number of investors are managing their own investments by using websites like Vanguard.

How can I become a mutual fund agent in India?

To become an MF advisor, follow these simple steps:

1. Register for the NISM exam. Candidates wishing to become MF advisors should first register for the National Institute of Securities Market (NISM) VA Mutual Funds Distributors Certification Exam.
2. Pass the NISM Exam.
3. Know Your Distributor.
4. Register with AMCs or Distributors.

Can a government employee invest in mutual funds?

Yes. Government employees can invest in mutual funds. Mutual fund is like any other investments like FD, PPF, RD, etc., It is not like side business, so government employees are free to do that. But they are not allowed to do speculative trade like day trading.

Can I become an agent if I am a government employee?

You have massive potential as a Govt employee to become an agent thanks to your contacts and knowledge. However, you may have restrictions in starting any business while you’re in employment. Your wife, or a sibling or your adult child can take up an agency code and function with your guidance.

How to work out income tax liability from mutual fund distribution?

As per government service rules, it should be communicated to the employee’s government office in writing and if any clarification is sought, it has to be given satisfying the government. Also all the income from mutual fund distribution activities must be clearly mentioned for working out income tax liability.

Can a government employee buy and sell shares?

However, where there is no direct prohibition from buying or selling shares. B. Investments in shares, debentures and mutual funds can be made by the Government servant. However “frequent buying and selling” of these are considered as “speculation” and is banned.