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

Unlocking the world of mutual fund investments and financial growth with Geojit Mutual Fund Distributor.

The firm offers aspiring financial enthusiasts a gateway to a rewarding career in wealth management.

This article explores the process of becoming a Geojit Mutual Fund Seller, shedding light on the numerous benefits, products, and opportunities it offers.

Why become a Geojit Mutual Fund Distributor?

Here are the reasons to become a Geojit Mutual Fund Advisor:

• Access to multiple transaction points for a seamless and efficient investor experience.
• Information advantage with high-quality mutual funds-related information available for well-informed advice to clients.
• Smooth and paperless onboarding process, offering convenience to investors.
• Diverse range of funds, providing opportunities to cater to varying investment needs.
• Potential for a prosperous and rewarding career in the financial services industry.
• Ability to build trust and credibility with clients through informed recommendations.
• Opportunity to be part of a prominent player in the mutual fund distribution market.
• Exposure to a dynamic and evolving financial landscape, allowing for continuous growth and learning.

Geojit Mutual Fund Distributors stand to benefit from attractive commission structures, making it a lucrative option for those considering this profession.

The Geojit Distributor commission is based on AUM and revenue sharing, providing a competitive edge in the market.

Sellers can earn a commission ranging from 0.75% to 1.5% of the AUM, which rewards them for successful fund management and growth.

Additionally, Geojit offers a client acquisition incentive, providing an additional Rs. 200 per client acquired.

This brokers motivation for expanding their client base and generating a steady income stream.

There are two costs associated with becoming a Geojit mutual fund advisor, the first one being a one-time Geojit Mutual Fund Distributor cost ranging from Rs.28,000 to Rs.53,000, granting access to the vast array of Geojit’s mutual fund products and services.

Furthermore, the monthly office expenses vary from zero to Rs.25,000, allowing flexibility based on the advisor’s preferences and business requirements.

This investment opens doors to a potential stream of income, commission earnings, and a chance to build a thriving financial advisory practice with the backing of a reputable and established brand like Geojit.

Geojit Mutual Fund Distributorship – Expected Profits & Income

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

Becoming a Geojit Mutual Fund Distributor can lead to promising profits and income, as demonstrated by the following financial figures:

• Active Lumpsum Clients: 22
• Average AUM per Client – Lumpsum: Rs. 88,000
• Total AUM – Lumpsum: Rs. 19,36,000
• Active SIP Clients: 710
• Average AUM per Client – SIP: Rs. 8,800
• Total AUM – SIP: Rs. 62,48,000
• Total AUM (Rs.): Rs. 81,84,000

Based on 1% of the Total AUM, the Distributor’s Share amounts to Rs. 81,840.

Moreover, with 60 new client acquisitions, the Distributor earns an additional Client Acquisition Income of Rs.12,000.

Hence, the Total Distributor’s Income is Rs.93,840. After deducting Total Expenses amounting to Rs.25,000, the Distributor’s Net Profit is Rs.68,840.

The net Geojit Mutual Fund Seller Profit Margin, based on the net profit and total distributor’s income, is an impressive 73.36%.

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Several of the Geojit Mutual Fund Agent Offers are listed below:

• Agents have the potential to earn a commission rate higher than 1%, making it a financially rewarding option for their efforts in mutual fund distribution.
• Distributors must invest some money to start working as mutual fund seller at Geojit.
• Geojit offers free advisory services to its agents, providing them with valuable insights and expertise to better serve their clients.
• Geojit Mutual Fund Agents do not offer direct mutual funds.

Geojit Mutual Fund Distributorship SWOT Analysis

Here is the detailed SWOT analysis for Geojit Mutual Fund Distributor:

Strengths:

Geojit Mutual Fund Distributorship boasts several strengths that make it an attractive opportunity for aspiring financial professionals:

• With a breakeven time of just 1 to 2 months, distributors can start earning profits relatively quickly after establishing their business.
• Distributors earn Rs. 200 for each new client they acquire, providing an incentive for expanding their client base and generating additional income.
• Geojit offers distributorship with a comparatively lower fee, reducing the initial investment required to get started.
• The high customer support rating of 8.25 out of 10 reflects the company’s commitment to providing excellent service to both distributors and clients, ensuring a positive working relationship.
• Geojit’s vast and well-established distributor network provides ample opportunities for collaboration and networking, enabling distributors to leverage the expertise and experience of others in the field.

Weakness:

• Clients can’t invest in direct mutual funds, potentially leading to higher expenses for investors due to built-in commissions.
• The absence of a dedicated Relationship Manager may hinder personalised support and client relationship management.
• The unavailability of a comprehensive client payment report could make it challenging to track and manage client payments effectively.

Opportunities:

• Geojit can offer sellers comprehensive training and skill development programs, equipping them with the knowledge and expertise needed to excel in mutual fund sales.
• Having unique investment options unavailable through other channels can be a significant advantage, attracting clients seeking specialized and differentiated investment opportunities.
• Geojit can offer complete marketing and branding support to sellers, helping them establish a strong presence in the market.

Threats:

• Geojit sellers may face challenges in distinguishing themselves from other distributors, especially if they lack unique selling propositions.
• Changes in investor preferences impacting mutual fund demand.
• Geopolitical events and economic changes influencing investor behaviour.

Geojit Mutual Fund Distributors benefit from various supportive services to enhance their performance and efficiency.

Geojit helps obtain the necessary AMFI Registration Number (ARN), streamlining the registration process.

Distributors receive comprehensive training on Geojit’s diverse mutual fund products and services, equipping them with the knowledge to offer well-informed investment advice to clients.

Additionally, Geojit Distributor Support also includes advisory support, empowering distributors to provide personalized recommendations tailored to individual financial goals and risk profiles.

Backoffice support is also available, simplifying administrative tasks and ensuring smooth portfolio management and transactions.

However, while acquisition and marketing support are offered, they might need to be expanded, necessitating distributors to proactively seek new clients and augment their marketing efforts.

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As a Geojit Mutual Fund Distributor, you should be aware of the various resources you would need to equip your office with, written below:

• The office space should ideally be between 100 to 300 sq. ft., providing enough room for operations and client interactions. However, this requirement is optional, and distributors can choose office space based on their needs and budget.
• While having at least one employee is optional, having additional support staff can help manage client inquiries and administrative tasks efficiently.
• Call recording facilities, reception area, and manager’s cabin are also optional.
• Having dedicated telephones for business calls and computers/laptops are mandatory in the distributor’s office.

The Geojit Mutual Fund Advisor Dashboard provides sellers with robust features to streamline operations and enhance client service.

Sellers can manage investment portfolios, access client analytics for personalised recommendations, and track real-time sales performance and transactions.

The platform offers product research, compliance support, and tools for effective client communication.

With secure access to sensitive data, the dashboard empowers sellers to excel in their roles, making informed decisions and delivering exceptional service to clients.

Geojit Mutual Fund Agent Login

The user-friendly Geojit Mutual Fund Agent Login page makes it easy for distributors to access the platform.

It empowers advisors to make well-informed decisions, deliver personalised service, and provide their clients with the best possible financial solutions.

It allows authorised agents to access their accounts and efficiently manage various aspects of their mutual fund business.

Agents can easily oversee their clients’ portfolios, execute transactions, and stay updated with real-time market data and research reports.

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Below mentioned are the steps to become Geojit Mutual Fund Distributor.

1. Locate the “Become a Mutual Fund Distributor Now!” button on the website.
2. Click on the button and complete the required form with your details, then submit it online.
3. Anticipate a prompt response from the company’s staff, who will assist you throughout the registration process.
4. Gather necessary documents, including ARN and NISM certificate.
5. Ensure that you meet the eligibility criteria, being an Indian citizen, a graduate, and at least 24 years old.
6. Complete any additional formalities or training as prescribed by Geojit Mutual Fund.
7. After successful registration, you will receive your agent login credentials.

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Geojit MF Distributor – Conclusion

Geojit Mutual Fund Distributorship emerges as an attractive option for individuals looking to venture into the world of mutual fund distribution.

The user-friendly platform streamlines the registration process, making it convenient for aspiring distributors to join the program.

By collaborating with Geojit, distributors can unlock a rewarding and potentially fulfilling career in the financial services industry.

Geojit Mutual Fund Distributor FAQs

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

What is the extent of Geojit’s distributor network?

Geojit boasts a vast network comprising more than 1500 distributors.

Is investing with Geojit Mutual Fund Agency secure?

Absolutely, Geojit Mutual Fund Agency offers a secure and reliable investment option.

What commission do Geojit Mutual Fund Distributors earn?

Geojit Mutual Fund Distributors receive commissions varying from 0.75% to 1.5% of the AUM.

How much are the distributorship fees for Geojit?

The distributorship fees for Geojit involve a one-time payment, falling within the range of Rs.28,000 – Rs.53,000.

Does Geojit assist in ARN generation?

Certainly, Geojit extends ARN Generation Support to its distributors.

Is Geojit predominantly a stockbroker?

Yes, Geojit primarily functions as a stockbroker.

Does Geojit operate as an AMC (Asset Management Company)?

Yes, Geojit also serves as an AMC (Asset Management Company).

Who founded Geojit?

Balakrishnan A is the founder of Geojit.

Is Geojit registered with SEBI?

Yes, Geojit is duly registered with SEBI.

Can Geojit Distributor facilitate direct investments in mutual funds?

No, Geojit Distributor does not facilitate direct mutual fund investments.