Introduction
Mutual fund is an open-ended fund operated by an investment company which raises
money from various investors and manages the pool of money so collected by a team
of professional fund managers (usually called an Asset Management Company) for a
small fee. The investments by the Mutual Funds are made in equities, bonds, debentures,
call money etc., depending on the terms of each scheme floated by the Fund.
Career in Mutual Funds:
Mutual Fund industry is playing an active role in the capital market today and is
one of the fastest growing industries. Mutual funds industries offer multiple career
options to the youths irrespective of their academic subjects. Graduates from arts,
science and commerce can easily find a job in this promising and growing sector.
Course Details: To start
a career in mutual fund, the minimum requirement is a certification (Advisor Module)
and a registration number from the Associations of Mutual
Funds in India (AMFI). SEBI has made mandatory for any entity or
person engaged in marketing and selling of mutual fund products to qualify
AMFI certification test (Advisors Module)
and obtain registration number from. This certification remains valid for 5 years
from the date of the test. Anyone irrespective of age and profession can obtain
this certificate by qualifying the test conducted by
AMFI.
Career Prospects:
AMFI certified graduates can work with
many public and private sector mutual funds. They can join as Manager, Relationship
Manager and Advisor in mutual fund organizations and can also work in the marketing
dept. of mutual funds companies. One can also work independently as a mutual fund
agent or financial planner by suggesting ideal policy to customers.
Institutes: The
Associations of Mutual Funds in India (AMFI) is the only institute in
India which offers certificate courses in mutual funds. Securities and Exchange
Board of India (SEBI) has made it mandatory for persons or entity associated with
mutual fund industries to obtain a certificate and registration number from
AMFI.
Scope of Agriculture in India:
Agricultural jobs in India are offered by tea gardens, coffee and rubber plantations,
and fruit orchards. Many agriculture scholars take up opportunities in research
organizations or educational institutes.
Remuneration: Mutual Funds
industry is a promising field for youngsters because it is highly remunerative.
The income of mutual funds agents depends upon the number and type of scheme they
sell to the customers. It is expected that they will easily earn Rs. 1 lac to Rs
1.5 lac per annum with little effort. Those who are working with various mutual
funds firms can earn from Rs. 10,000 to Rs. 25,000 per month.
