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

Find out everything about Kotak Mutual Fund Distributor Network here.

Kotak Mahindra Bank Limited is the parent company of Kotak Mutual Fund. Registered with SEBI in June 1998, the fund house is ranked the 6th largest Indian mutual fund house by asset size.

It offers approximately 114 mutual fund schemes across multiple asset classes, such as equity, debt, hybrid, commodity schemes, etc.

Are you looking forward to become a Kotak Mutual Fund Agent? If so, this article here will help you uncover every crucial aspect of becoming a Kotak Mutual Fund Seller.

Why become Kotak Mutual Fund Distributor?

Let’s explore the benefits you can avail of by becoming the Kotak Mutual Fund Advisor:

• As discussed above, Kotak Mutual Fund offers over 114 mutual fund schemes. So, as a mutual fund distributor with Kotak, you can sell varieties of funds to current or prospective clients. The fund house offers around 30 equity, 70 debt, and five hybrid schemes, with other schemes accounting for the remaining 9.
• As the MF distributor with Kotak, you can benefit from flexible working hours while earning lucrative commissions.
• Kotak Mutual Fund has different investment plans and tools, such as Systematic Investment Plans or Systematic Transfer Plans. You can offer these investment plans to your clients to aid them in making profitable investments. It, in turn, will help you acquire and retain clients for a long and, thus, broaden your client network.
• You don’t have to worry about the Kotak MF distributor application being a lengthy process. Instead, it just takes a few hours to complete the MF distributor application and empanelment process. It’s because Kotak facilitates the online distributor application process.

You might be eager to know the commission you can earn as a Kotak Mutual Fund distributor.

The Kotak Distributor Commission can range from 1% to 2% of the clients’ total assets under management (AUM).

For instance, you manage 15 clients whose total asset under management (AUM) is worth Rs.1 crores. Therefore, in such a case, you will be eligible to retain a commission between Rs.1 lakhs to Rs.2 lakhs.

In addition, you should know that the fund house doesn’t offer any commission on client acquisition.

It means you can only have a commission when your client makes an investment, not just by acquiring him.

You can only work as a mutual fund distributor with Kotak and earn commission after incurring a pre-determined Kotak Mutual Fund Distributor Cost.

The fund house asks its distributors to pay a reasonable amount as one-time distribution fees. So, you must deposit the distribution fees of Rs. 1 lakh as a primary investment.

In addition, Kotak Mutual Fund distributors have to incur monthly expenses for opening and running the office. These expenses will vary with the facilities available in your office.

However, it usually ranges from Rs.40,000 to Rs.60,000. You can adjust your monthly office expenses against the revenue you generate by working as an MF distributor.

Kotak Mutual Fund Distributorship – Expected Profits & Income

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

Now that you know the Kotak Mutual Fund distributorship cost and potential commission, it’s time to learn about the expected Kotak Mutual Fund Seller Profits.

Suppose you have 20 active clients investing a lumpsum amount in mutual funds, and the average AUM per client is Rs.1,03,000. In such a case, the client’s total assets under management (AUM) would be Rs.20,60,000.

Now 800 active SIP clients have invested an average of Rs.10,300. In such a case, the total AUM for SIP clients would be Rs.82,40,000.

By adding the total AUM for lumpsum clients and SIP clients, the total Aum is Rs.1,03,00,000. With the distributor’s share being 1.25% of AUM, your monthly revenue would be Rs.1,28,750.

Since Kotak doesn’t offer commissions for acquiring new clients, your total income will be Rs.1,28,750. Deducting the distributor’s total expenses amounting to Rs.60,000 from the total income, your net profit is expected to be Rs.60,750, which is 53.40%.

Hence, you can expect to make a profit between 505 to 60% by working as a Kotak MF distributor.

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The Kotak Mutual Fund Agent Offers that you can have access to includes the following:

• A nominal investment of Rs. 1 lakh is a one-time distributorship fee.
• A distributor’s commission is above 1% of the total AUM of his clients.
• With Kotak, you can ask for free advisory services to learn the basics of curating an attractive pitch for existing and potential clients.
• The fund house organises several events repeatedly to help the distributors broaden their network and acquire interested clients.

Kotak SWOT Analysis

Let’s read further to uncover the SWOT analysis of Kotak Mutual Fund Seller Network:

Strength

• Enabling distributors to earn lucrative commissions of 1% to 2% of the total AUM of active clients.
• Reasonable initial, one-time investment.
• A technologically advanced, high-performance distributor platform helping distributors to maintain all records and details regarding their clients’ investments.
• The fund house offers free advisor support to all its distributors.
• Products Training is provided to the distributors to help them understand the features of mutual fund schemes.

Weakness

• It’s a must for the distributors to open an office and hire employees, and offer facilities that increase their monthly expenses.
• Marketing support is available, but its scope is limited.
• The fund house doesn’t offer commissions to the distributors for acquiring new clients for the fund house.

Opportunities

• Exploring opportunities abroad by promoting international mutual fund investment.
• Increasing financial literacy in rural areas and encouraging them to invest in Kotak mutual fund schemes.

Threat

• The economic slowdown in India.
• Rural and semi-urban residents still consider mutual funds a risky investment and, thus, don’t opt for this investment option.
• A growing number of mutual funds makes the Indian fund house market competitive.

You can have access to the following discussed Kotak Distributor Support facilities:

• ARN generation support enables the fund house distributors to record all necessary details regarding revenue generation.
• Kotak Mutual Fund renders acquisition support to help you present the best pitch to potential clients and increase the fund house’s client figures by acquiring them.
• Product training can help you understand the features of mutual fund schemes and, thus, pitch them perfectly to existing and potential clients.
• The fund house organises free webinars from time to time to educate individuals about different mutual fund schemes making it easier for you to invite and acquire potential clients.
• You can also access advisory support and RM support.
• Marketing support is rendered to the distributors, enabling them to efficiently promote the fund house’s products and services. But know that the marketing support is limited.
• In addition, you can ask for back-office support.

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It’s a must for the Kotak MF Distributor to have an office to serve the fund house’s clients better. So, your office must comply with the following listed requirements:

• The minimum area of the office must be 150-200 sq. ft. with at least two employees.
• Moreover, it’s mandatory to have a mobile or telephone connection.
• It’s your choice to have a dealer terminal and call recording facility.
• It’s a must to have laptops or computers in your office.
• Having a reception or manager’s cabin is optional.

The fund house provides every distributor access to Kotak Mutual Fund Advisor Dashboard. If you are looking for the Kotak Mutual Fund seller dashboard link, click the link in the above table.

You can log in to the fund house’s advisor dashboard by entering two crucial credentials, i.e., your username and password. Kotak provides Both these credentials to the distributor at the time of registration.

By accessing the dashboard, you can find the records of your existing clients, their AUM, portfolios, and other essential details.

Moreover, the dashboard lets you maintain and view your monthly, quarterly, or yearly earnings and expenses.

Kotak Mutual Fund Agent Login

Only an agent registered with Kotak Mutual Fund can log in to its dashboard.

After approval of your application for the distributorship, the fund house sends the login details to your registered mobile number or email.

Go to the fund house’s official website for Kotak Mutual Fund Advisor Login. Look for the distributor dashboard tab and click on it.

Next, you will be asked to enter the credentials provided by the fund house. Use those credentials and click on the ‘login’ tab.

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Are you looking forward to Becoming a Kotak Mutual Fund Distributor? If yes, you must know how to work as a fund house distributor. All you need to do is follow these simple steps:

1. The first step is to fill out the form on this page, saying ‘Become a Mutual Fund Distributor Now.’
2. Give the details, such as your name, contact information (mobile number and email-id), the city you reside in, etc. And then submit the form.
3. Wait a few hours, and you will receive a call from the Kotak Mutual Fund’s representative.
4. He will guide you through the entire distributorship registration process, including the details and documents required for the verification process. Next, send the asked details and upload the necessary documents.
5. Once your details and documents are verified, you will receive Kotak Mutual Fund dashboard login credentials and officially become a distributor of the fund house.

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Kotak MF Distributor – Conclusion

Working as the Kotak MF Distributor is a good career option as it offers lucrative commissions.

Moreover, the brand name itself will help you gain a lot of market recognition, enabling you to broaden your network.

Moreover, the Indian fund house is registered with SEBI and offers an array of mutual fund products and services.

With Kotak Mutual Fund, you can access top-notch support facilities, making it easier to run the distributorship business.

FAQs on Kotak Mutual Fund Advisor

Check out various FAQs related to Kotak Mutual Fund Seller here.

How many distributors does Kotak have?

Kotak Mutual Fund has over 3,000 distributors working for it, and the number is rapidly increasing.

Is Kotak Mutual Fund Agency Safe?

Kotak Mutual Fund is a well-recognized whole subsidiary of Kotak Mahindra Bank Limited, an Indian financial market giant.

Moreover, the fund house is registered with SEBI. So, you can rest assured that the fund house is operating legally and that your payments will be duly met.

What is Kotak Mutual Fund Distributor Commission?

The minimum commission that a Kotak Mutual Fund distributor can get is 1% and a maximum of 2% on the total AUM of all his clients.

How much are Kotak Distributorship Fees?

Currently, Kotak charges Rs. 1 lakh as the Distributions Fees. It’s a one-time fee that every individual striving to work as an MF distributor must pay.

Does Kotak provide ARN Generation Support?

Yes! You can access the ARN Generation support when working as a distributor with Kotak Mutual Fund. It will help you track all your commissions, revenue, and profit.

Is Kotak a Stock Broker?

No, Kotak is not a Stock Broker. Instead, it’s an Asset Management Company (AMC) offering its clients multiple mutual fund schemes.

Is Kotak an AMC?

Yes, Kotak is an Asset Management Company (AMC) that delivers multiple asset management services to its clients, including mutual funds, as the primary service offering.

Who is the founder of Kotak?

Uday Kotak is the founder of Kotak, an AMC headquartered in Mumbai.

Is Kotak registered with SEBI?

Yes, Kotak is a SEBI registered AMC. It is a public company registered with SEBI in June 1998.

Does Kotak Distributor provide Direct MF Investment?

Yes, Kotak distributors provide a direct MF investment option to their clients.