Canara Robeco Mutual Fund Distributor or Seller – Commission, Cost, Profits & more

Become a Canara Robeco Mutual Fund Distributor Today! Are you passionate about building your independent financial career in the capital market?

So, be your boss with the Canara Robeco Mutual Fund distributor programme and start your own journey.

India’s leading AMC house Canara Robeco Mutual Fund, started its journey in 1987 as Canbank Mutual Fund.

In 2007, Robeco, the Dutch AMC giant, joined Canara Bank AMC to boost its financial goals and become Canara Robeco Asset Management Company (CRAMC).

Becoming a Canara Robeco Mutual Fund seller is a remarkable achievement for long-term growth. In addition to expert advice, advisors have personalised support to assist investors.

Why become a Canara Robeco Mutual Fund Distributor?

Joining the Canara Robeco AMC family is historically a rewarding opportunity for finance enthusiasts.

If you have stepped into the shoe of a Canara Robeco Mutual Fund advisor, the 36-year-old AMC giant will provide several options, including.

• The well-established brand name of Canara Robeco helps advisors to get more new clients. Undoubtedly, their three-and-a-half decade-old legacy will increase your credibility in front of clients.
• Canara Robeco has an extended range of schemes, from equity to debt schemes. So, the distributors can assist their potential clients per their basic needs and budget. It gives flexibility to an advisor to recommend the best one.
• If you join the AMC body for a handsome income every month, you land in the right place. Yes, they provide a lucrative incentive of 1% to 2%. So, provide high-quality advice and earn an average handsome income of Rs.50,000/month, after all expenses.
• Canara Robeco provides a strong backup team behind advisors. It will train you as a professional finance advisor and update you about the best factors.
• Moreover, their support for branding and basic-level marketing helps you get more clients. Thus, you can crack the break-even point within a few months by providing the best advice.

Check the commission and incentive opportunities as a mutual fund distributor. Canara Robeco distributor commission depends on various schemes and the number of funds you have sold.

However, there is no target, but the income goal is dependable on your client acquisition. Under the vast brand value of AMC, sellers enjoy a promising career with good incentives.

Canara Robeco distributor commission ranges between 1% to 2% of AUM (Assets Under Management). You can make a good amount every month with this competitive commission structure.

Here we take a quick picture of the distributor’s brokerage of the firm between January 2023 to March 2023.

For example, if your client chooses Canara Robeco Infrastructure Fund, a trailer fee of 1.55% goes to you, the distributor. Fortunately, they provide the same incentive on AUM for your next year.

Some AMC houses provide slightly lower fees in the second year than the first. In addition, a B30 commission of 1.25% is applicable for the same fund.

It is rewarded if a distributor can mobilise business from B30 cities. Following the same trend in Canara Robeco Consumer Trends Fund, the distributor’s brokerage is 1.35%.

But an additional bonus of 2% is applicable for customers from B30 cities only.

If you want to join the team, it should be noted Canara Robeco Mutual Fund distributor cost is Rs.80,000.

However, the one-time investment is reasonable for a three-decade-old asset management firm.

The fee is valid for two years; distributors must renew the cost afterwards. It will cover all administrative support, backup support, branding and essential marketing.

Furthermore, the authorised distributors should add a monthly office cost of Rs.50,000. It depends on the distributors’ scale of operation and the city’s market value.

Undoubtedly, Tier I city is costly for daily-based operations, but it brings more business due to more income of people.

In addition, financial literacy is also a prime reason in Tier I for achieving more clients. At the primary stage, distributors achieve break-even points within 2 or 3 months in T30 cities.

So, always choose a location at the city’s or town’s heart according to your risk appetite.

Canara Robeco Mutual Fund Distributorship – Expected Profits & Income

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

Earning a potential amount by helping people to reach their financial goals is a dream business for many.

So, the expected Canara Robeco Mutual Fund seller profits play a significant role in building the Rs.71,000 cr AUM. Here, we portray a sample to understand the actual scenario better.

Suppose you started your portfolio with 15 clients, each of them invested Rs.97,000. So, you added an AUM of Rs.14,55,000 to the Canara Robeco MF.

Following a similar process for SIP, your 590 active clients add an amount of Rs.9,700 to your portfolio. So, 605 clients build you an AUM of Rs.71,78,000.

Now, calculate 1.25% AUM as your reward amount and get a gross profit Rs.1,07,670. After deducting all expenses and employee salary, your monthly share reaches Rs.53,670.

Considering the liabilities and miscellaneous expenditures, your net profit clocks to 49% at the end of the month.

Become a Mutual Fund Distributor Now!

Fill Up Your Details

Submit

Loading...

Thank you for sharing your details, We will connect with you Shortly!

Canara Robeco aims to touch AUM of Rs.3 lakh crore in three to five years, and that’s why agents can expect more in upcoming years.

The firm always encourages distributors to fulfil its long-term goal. Distributors get an ample number of facilities, including —

• The AMC house generally provides 1% to 2%, but it can reach 3% if you generate the business from B30 cities.
• They support distributors with Smart MFD-like advanced platforms only for empanelled distributors. From real-time data to onboarding new clients, the smarT MFD is always there for a smooth experience.
• Moreover, as an empanelled MFD (Mutual Fund Distributor) of the company, you will get some advisory support. Also, they will provide marketing assistance and guidelines to manage new clients.

Canara Robeco Mutual Fund Distributorship SWOT Analysis

Here is the detailed SWOT analysis for Canara Robeco Mutual Fund Distributor:

Strength

• Glorious journey of 36 years with a firm brand name; experienced fund managers
• A record AUM of Rs.71,000 crore
• Multiple product pipeline provides flexibility to sellers
• Some funds have record-breaking returns of 43% in 3 year
• Comprehensive support for distributors and clients.

Weakness

• Mergers between some schemes raise concerns among investors.
• The distributorship fee is relatively higher than rivals
• Some advisors face high expense ratios in Tier I cities

Opportunities

• Growing mutual fund market of India ( 22.94% growth in 2016-19)
• Increasing financial literacy and upgrading new products
• Adapting advanced tech for smooth customer service and advisory support.

Threat

• Frequent changes in SEBI norms and Tax slabs
• New market players with less distributorship fee
• Market volatile, recession to impact on investor’s confidence

If you are passionate about the capital market, Canara Robeco will always support you as a valued partner in several ways.

India’s one of the top-ranking asset management firms assists distributors with essential marketing, training, and branding.

In addition, you will get some best recommendations from experienced fund managers. Whether you are an aspiring or established finance advisor, Canara Robeco treats you as per your requirement.

The distribution fee includes learning materials, web sessions and training support. At Canara Robeco Mutual Fund house, the distributor’s growth is the company’s success.

So, they provide an advanced tech-orientated platform like smarT MFD. Distributors can review, interact and intimate with new client base.

Moreover, the advanced arena helps the distributor’s clients with excellent transaction experience.

Besides this, smarT MFD also aims to manage detailed portfolio analysis and track real-time transaction status.

MFDs will get some insightful reports of their business performances. With some nominal payment, distributors can get help from relationship managers.

So, unparalleled Canara Robeco distributor’s support is the reason to achieve targetted AUM of Rs.3 L Crore in the next few years.

Check out Business Opportunities with Similar Brands

HDFC Mutual Fund Distributor

ICICI Mutual Fund Distributor

SBI Mutual Fund Distributor

Mirae Asset MF Distributor

Trust Mutual Fund Distributor

Whiteoak MF Distributor

Franklin Templeton MF Distributor

HSBC Mutual Fund Distributor

Invesco Mutual Fund Distributor

Nippon Life MF Distributor

If you want to become a licensed Canara Robeco MF distributor, you can ignore office setup at starting level.

But with the growing business volume, you have to drop the cost-cutting concept of working from home. After all, you have to ensure a professional environment for clients.

Arrange a 150 – 250 sq ft office space in a prime location for client meetings and business operations. Location and transport communication ensures your visibility for offline promotion.

So, always choose an easily accessible area for clients. Therefore, ensure the place has basic infrastructure, including computers, telephone, and internet.

A CCTV is advisable for security but not mandatory. Depending on the volume of your operation, you may need some supporting staff.

You can hire at least two staff for administrative support and sales call.

Experience secured access and smooth portfolio management through Canara Robeco Mutual Fund Advisor Dashboard.

The dashboard is designed to increase efficiency and provide the best information on the market.

The distributor’s login support offers detailed reports and analytics, ensuring valuable data to empower their business performance.

From investor service to real-time data management, an advanced tech-oriented platform like smarT MFD is very useful.

Distributors can review, make an instant set up and interact with new clients’ portfolios through the system.

In addition, the advanced platform helps distributors’ clients with a smooth transaction experience.

Besides this, Smart MFD also aims to manage detailed analysis and paperless transactions. It also helps to track real-time transaction status.

Canara Robeco Mutual Fund Agent Login

Go to the distributor’s login section if you are an individual entity to empanel with the Canara Robeco MF family.

It is a paperless process but easy. However, for corporate entities, there is no online option. They must download and fill out the online form and then send it to their Mumbai-based head office.

The distributor’s corner can help you if you need an ARN number. They provide you assistance to apply for a fresh ARN number or renew your existing ARN number.

For the NISM exam, the portal offers some basic materials. Empaneled members will get insightful reports of their business performances and new schemes.

Furthermore, distributors have an option for a ‘customized smart link ‘. It will work as your own virtual office. Advisors can choose a nominee form from this portal.

Check out Business Opportunities with Similar Brands

PGIM India MF Distributor

Aditya Birla MF Distributor

Axis Mutual Fund Distributor

Mahindra MF Distributor

Baroda BNP Paribas MF Distributor

IIFCL Mutual Fund Distributor

Union Mutual Fund Distributor

Bank of India MF Distributor

IDBI Mutual Fund Distributor

UTI Mutual Fund Distributor

If you want to become a Canara Robeco Mutual Fund distributor, kindly follow some simple steps:

• First, go to the distributors’ corner of the Canara Robeco web page.
• Provide basic details like Name, PAN, ARN number, email and mobile number. It will take some time to receive OTP.
• After OTP confirmation, provide ids like Aadhar cards, digital signs, and passport-size photos.
• The Relationship manager will contact you shortly for permanent confirmation.
• Submit the distributorship fee once the RM call you back for confirmation.

If you have no ARN number or NISM certificate, look nowhere than the ‘ distributors corner’. They will assist you with essential guidance and study materials for the same.

And corporates have to submit offline forms in HQ.

Become a Mutual Fund Distributor Now!

Fill Up Your Details

Submit

Loading...

Thank you for sharing your details, We will connect with you Shortly!

Canara Robeco MF Distributor – Conclusion

After getting a 15% jump in March 23 quarter, Canara Robeco aims higher target for the next few years.

Undoubtedly, each field advisor or Canara Robeco MF Distributor’s effort make this AMC a leading one with Rs.71,000 of AUM.

From a small cap to other equity funds, its growth is satisfactory. Sometimes funds reach 43% return in 3 years.

So, for investors looking for a perfect balance between risk appetite and reward opportunity, Canara Robeco is a proper destination.

The AMC aims to enter the broader market with some small and mid-cap funds. The CEO is also hopeful about Multi-cap new fund offer amid healthy signs.

FAQs on Canara Robeco Mutual Fund Distributor

Here is the list of Canara Robeco Mutual Fund Distributorship FAQs.

How many distributors does Canara Robeco have?

Canara Robeco has more than 500 distributors on board.

Is Canara Robeco Mutual Fund Agency Safe?

Yes, it had SEBI registration and operation for 36 years.

What is Canara Robeco Mutual Fund Distributor Commission?

Distributors will get 1%-2% of AUM. However, they can earn up to 3% in B30 cities.

How much are Canara Robeco Distributorship Fees?

A comparatively higher distributorship fee is Rs.80,000.

Does Canara Robeco provide ARN Generation Support?

They accepted the fresh ARN request and renewed the old ARN number.

Is Canara Robeco a Stock Broker?

No, the AMC offers mutual funds.

Is Canara Robeco an AMC?

Yes, Canara Robeco is one of the leading AMCs in India.

Who is the founder of Canara Robeco?

India’s Canara Bank and Dutch AMC giant Robeco formed the CRAMC.

Is Canara Robeco registered with SEBI?

Yes, the AMC has SEBi registration.

Does Canara Robeco Distributor provide Direct MF Investment?

Yes, they provide direct MF investment for clients.