5Paisa Mutual Fund Distributor or Seller – Commission, Cost, Profits & more

This article is a must-read if you want to become a 5Paisa mutual fund distributor. We will discuss various benefits, commissions, costs, and other aspects of becoming a 5Paisa mutual fund seller.

5Paisa partnership program is a complete package. You can also acquire clients for demat business and earn commission on that business too.

We will also explain the step-by-step process of registering with 5Paisa and starting your business.

Why Become a 5Paisa Mutual Fund Distributor?

There are many unique benefits of registering as a 5Paisa mutual fund advisor. Some of the main benefits are explained below.

• 5Paisa has been in this industry for many years and is an established company in the investment sector.
• The demat and trading account service of 5Paisa is one of the best, as many investors recognize
• The tools they provide to the distributors are easy to use and packed with features, making daily business tasks easy and quick.
• If your clients request one, you can provide them with a Demat account at no additional cost and with minimal other paperwork.
• The customer care and support for distributors are among the best.

5Paisa distributor commission plans are not fixed, but they are among the highest in the entire industry; you may find similar rates but very hard to see rates higher than them.

The rates fluctuate because AMCs do not provide the same commission rates for various types of mutual funds.

Different AMCs, too, may give multiple commission rates, even for the same fund category. Therefore, the amount of your commission will vary depending on the fund category and AMC.

The commission will be 0.75% to 1.5% of your entire Asset Under Management. Further, you will get Rs.250 for every new client acquisition.

The 5Paisa mutual fund distributor costs are the costs the distributor has to bear to start and maintain the business.

A fixed fee of Rs.3,000 is the distributorship fee at the start of business. This one-time fee will be charged only once throughout the business term.

The charges for the NISM certificate are around Rs.1,500; it is a compulsory certificate that you have to have to conduct your mutual fund business.

Also, for ARN registration, the fee is Rs.3,500 this is a compulsory cost as you will only receive a commission if you have ARN.

The NISM certificate and ARN must both be renewed every three years. Therefore, both of them are recurring costs.

5Paisa Mutual Fund Distributorship – Expected Profits & Income

The table below shows expected profits, AUMs & Income that you can make, if you become 5Paisa MF Advisor.

5Paisa Mutual Fund Seller Profits depends on multiple factors like Total Lumpsum AUM, Total SIP AUM, Total Monthly Fixed Cost like Salary, Office Rent etc.

The commission received by the distributor is as per the industry standards. Hence, overall profits rely on AUM generated every month.

According to the above table, as a distributor, if you get 25 clients for lumpsum investment & your monthly SIP clients stand at 740, your business can generate up to Rs.1 Lakh monthly income.

Here, the commission considered is 1% of AUM. Also, if you take out your monthly fixed & variable costs of Rs.25,000, You can still make a Net Income of Rs.80,000 or more, which is fantastic.

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5Paisa mutual fund agent offers are the unique offers you get, or you can provide to your clients. Let’s have a look at them.

• Out of 37 categories, you get funds for everyone for your client.
• You also get access to funds from every AMC.
• You can earn commissions above 1% for equity mutual funds.
• If you and your clients want to have a Demat account, 5Paise provides you with that option.
• Direct funds are not offered through distributor channels.

5Paisa Mutual Fund Distributorship SWOT Analysis

Here is the detailed SWOT analysis for 5Paisa Mutual Fund Distributor.

Strength

• 5Paisa is a well-recognized and trusted brand among Indian customers.
• They have empanelled all the AMCs of India to offer their customers all their funds.
• Their support and customer are of very high quality.
• The tools and platforms they provide to distributors are of exceptionally high technological standard.
• Apart from mutual funds, they offer a wide array of investment instruments.

Weakness

• Many organisations entering the mutual fund industry in various capacities have quickly intensified their competitiveness.
• Some companies are offering distributors of mutual funds a no-distribution fee plan.
• Some businesses provide mutual fund distributors with insurance products, P2P products, PMS, etc.; 5Paisa lack these offerings.

Opportunities

• A meagre percentage of the population is mutual fund investors.
• Educational drives conducted by AMFI are increasing mutual fund popularity.
• Distributors can approach clients from every part of India.

Threats

• The entire process is digital; any issue with their platform can paralyse the distributor’s business.
• Robo advisor based on the latest AI technology.
• AMFI is introducing new platforms like MFC, which might offer tough competition.

5Paisa distributor support is very responsive and capable of adequately resolving the issues presented by the distributors.

The support includes everything, from the beginning to regular business concerns.

• They provide ARN support to beginner distributors and any other asset a beginner may require.
• Dedicated RM support is also available for the distributors.
• Essential intermediate-level training is available for the distributors.
• Marketing support is also available; they provide training on basic marketing strategies and marketing materials.
• Back-office support for your daily business is also available.

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By office requirement, we mean the basic setup 5Paisa MF distributor requires to run the business. Some are the essential setup you need, some are good, and the rest are optional.

• Phone: You should always have a running phone; this should be the one you provided at the time of registration.
• Computer: A computer is required to access and work on the 5Paisa platform.
• Internet: You will need an internet connection with good speed to upload various documents, download reports, KYC, and initiate transactions.
• Printer and Scanner: Good to have to print reports and marketing materials and to scan client documents who bring hard copies.
• Office space and staff: Purely optional and depends on the scale of your business.

If we compare the 5Paisa mutual fund adviser dashboard to the dashboards of other such companies, theirs is one of the most recent and the best.

It is also an easy-to-navigate platform created with complete beginners and seasoned distributors in mind. You can quickly add and track the leads for potential customers.

New client KYC and registration can be completed efficiently and rapidly. Mandate registration and investment and withdrawal transactions can be initiated quickly and easily.

5Paisa Mutual Fund Agent Login

Within two to three days of completing enrolment, you can have your 5Paisa mutual fund adviser login credentials.

Using the login ID and password, you can access various tools and features. The login credentials are extremely important, so, ensure to not share it with anyone.

This dashboard login provides you access to all client’s details, like their investments and their account opening situation.

If there is any issue with their transaction, you will be able to know about the same.

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To become a 5Paisa mutual fund distributor, you must meet specific qualifications. These requirements and the procedures you must follow are provided below.

• Qualifications: Qualifications: You must be at least 21 and have completed a 12th class. Education or a 10th plus two years diplomas, and pass the NISM VA certification exam.
• Start your registration process by applying online to 5Paisa.
• If you don’t have a valid ARN 5Paisa can support you in getting one; even in that case, you should start the registration.
• Provide your details in the registration form in the below section, and you will receive a call from a 5Paisa executive.
• Upload the scanned copies of the required documents like PAN, address proof, cancelled cheque, NISM certificate OR ARN card.
• If everything goes as planned and there are no issues, your registration will be done in 2 to 3 days, at which point you will receive a login id and password.
• You can complete this entire process online and start getting new clients.

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5Paisa MF Distributor – Conclusion

5Paisa MF distributor can be a very successful business. You get a desirable commission rate and a beneficial and active support system.

If you are a beginner, this is especially good for you. Their platform is easy to use and covers every aspect of a mutual fund business.

By using tech-driven solutions, you save money and time. Hence, you can built your business quickly.

FAQs on 5Paisa Mutual Fund Distributor

Here is the list of FAQs related to the 5Paisa Mutual Fund Distributorship:

How many distributors does 5Paisa have?

They have more than 3000 active distributors all over India on the date of writing this article.

Is 5Paisa Mutual Fund Agency Safe?

They must follow all the latest safety standards per SEBI guidelines and are safe agencies.

What is 5Paisa Mutual Fund Distributor Commission?

The commission for 5Paisa mutual fund distributors can vary from 0.75% to 1.5%.

How much are 5Paisa Distributorship Fees?

Cost of registration with 5Paisa is Rs.3,000 only.

Does 5Paisa provide ARN Generation Support?

Yes, for beginners 5Paisa provide ARN support, but you should have cleared the NISM exam.

Is 5Paisa a Stock Broker?

Yes, 5Paisa is one of the fastest growing stock broker in India.

Is 5Paisa an AMC?

No, 5Paisa is not an AMC, the company is a distributor of all mutual fund AMCs.

Who is the founder of 5PAISA?

Nirmal Jain is the Founder of 5Paisa.

Is 5Paisa registered with SEBI?

Like any other stock broker, 5Paisa is also registered with SEBI.

Does 5Paisa Distributor provide Direct MF Investment?

The stock broker doesn’t provide direct mutual fund investment options.