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

Mirae Asset Mutual Fund is one of the largest AMCs in the Indian financial sector. Park Hyeon-Joo first started the company to focus mainly on the Korean market.

Some years later, it began its operations in India. The Mirae Asset Mutual Fund is now in fourteen nations. It currently holds a dominant market position worldwide.

Many Indians want to become Mirae Asset Mutual Fund Distributors because of its growth rate, high return, and impressive commissions.

Before signing up as a Mirae Asset Mutual Fund Seller, keep reading to find out the commission, office requirements, ARN generation support, and other company details.

Why become a Mirae Asset Mutual Fund Distributor?

People join mutual funds as a distributor because they can make a good amount of profit. All distributors receive a commission from the company based on their total client AUM.

When the commission rate is high, so is the distributor profit. Mirae Asset Mutual Fund provides lucrative commissions and benefits to the Mirae Asset Mutual Fund Advisor.

Let’s find out the reasons why you should consider becoming a distributor of this company:

• Mirae Asset Mutual Fund offers a 1% to 2% commission on the total AUM. A high commission percentage like this helps investors make considerable profit every month.
• It is a well-known name in the financial market, with over a thousand distributors across India. This reliable distributor network makes it a trustworthy company.
• Mirae Asset Mutual Fund assists the distributors with sales, marketing, and training. These extra features immensely help the new distributors.
• All distributors receive a dashboard for managing all the leads, commissions, and profit.
• The company helps with ARN generation and provides advisory services entirely free.
• Signing up with Mirae Asset Mutual Fund as a distributor is easy. The Distributorship Fee is only Rs.75,000, one of the lowest in the industry.

The commission rate is the leading factor distributors consider while signing up for a distributorship. Mirae Asset Distributor Commission is high enough to make this distributorship profitable.

Mirae Asset Mutual Fund Distributor Commission is between 1% and 2% of the total client AUM.

If you have ten clients and a total AUM of Rs.1 crore, your commission would be between Rs.1 lakh – Rs.2 lakh.

The only factor you should remember is you will only receive the commission when your clients invest. There is no commission just for acquiring clients.

After the company has processed your distributorship application, you must deposit a one-time Distributorship Fee. The company will approve the distributorship after the deposit.

The fixed Mirae Asset Mutual Fund Distributor Cost is Rs.75,000. It is a very reasonable amount, considering it is one of the lowest in the industry.

However, there is another fee that you must pay. Every Mirae Asset Mutual Fund distributor must pay Rs.45,000 – Rs.60,000 in Office Expenses monthly.

The exact amount is based on the office facilities, number of employees, and other factors.

Mirae Asset Mutual Fund Distributorship – Expected Profits & Income

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

Mirae Asset Mutual Fund has become one of the most sought-after distributorships. The main factor behind its popularity is the profit distributors can make from it.

Read this detailed analysis of the commission system of the company to understand the Mirae Asset Mutual Fund Seller Profits you can make.

You have 15 Active Lumpsum Clients with Rs.1,00,000 Avg. AUM per Client. The Total AUM – Lumpsum, in this case, is Rs.15,00,000.

You also have 675 Active SIP Clients with Rs.10,000 Avg. AUM per Client. The Total AUM – SIP is Rs.67,50,000.

The combined total AUM of all your clients is Rs.67,50,000. If you receive 1.5% of the total AUM as a Distributor’s Share, you make Rs.1,23,750 from this client base.

Let’s say your Total Monthly Expenses are Rs.56,500. In this scenario, you make Rs.67,250 Net Profit. So, the net profit margin is 54.34%.

These numbers show you can make an estimated 50% – 60% net profit monthly as a distributor.

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Agent offers to help distributors increase their profit margins and reach more clients. These offers can also help new distributors learn the strategies of the job.

The financial industry keeps evolving, and keeping up with it is necessary. Mirae Asset Mutual Fund Agent Offers are attractive and beneficial for the entire distributor network.

• Above 1% Distributorship commission is a good percentage in the industry. Mirae Asset Mutual Fund distributors can make up to 2% commission.
• The company offers Free Advisory to help a new distributor make a higher profit. Free Advisory can also enable more experienced distributors to pitch better.
• Mirae Asset Mutual Fund also provides Direct Mutual Fund investment options to the distributors.

Mirae Asset Mutual Fund Distributorship SWOT Analysis

SWOT analysis is a strategic tool for identifying a company’s internal strengths and weaknesses.

It can also pinpoint the external opportunities and threats to the business. Considering acquiring a Mirae Asset Mutual Fund distributor, look at this detailed SWOT analysis.

Strength

• Mirae Asset Mutual Fund invests in market research to acquire extensive market and customer data. The company then trains its distributors with the help of that data to increase productivity.
• Mirae Asset Mutual Fund has integrated automated procedures into their business model. These technologies help distributors keep track of their client portfolios, profits, etc.
• The company has seen high revenue growth in recent years. Name recognition is a factor that helps distributors to impress clients.
• The company emphasizes the development of new products. As a result, distributors get a range of products they can offer clients.
• Mirae Asset Mutual Fund uses strategic structural changes to adapt to the market condition. This process provides stability to the distributors.

Weakness

• Inadequate customer service of Mirae Asset Mutual Fund can become a problem for a distributor.
• Mirae Asset Mutual Fund needs an effective succession strategy. This can be a problematic factor for long-term company stability.
• The company still targets the same customer demographics, but the investor landscape is changing rapidly. Distributors need more freedom and modern thinking while targeting a new client base.

Opportunities

• Digital marketing is a tool that Mirae Asset Mutual Fund may employ to expand its reach and increase growth.
• The company can provide fresh promotions and exclusive discounts to help the distributors draw in new clientele.
• Mirae Asset Mutual Fund can invest more in market analytics to determine potential customers and trends.

Threat

• Fierce rivalry exists between an increasing number of domestic and foreign firms in the finance industry.
• The competitors may quickly copy Mirae Asset Mutual Fund’s business model and cause disturbances in the industry.
• The volatility in the financial market because of international events can destroy investors’ trust.

Mirae Asset Distributor Support is helpful for the distributor network. This robust support helps them serve their clients more efficiently.

It also helps the distributor solve any issue they might face without delay. Here are the distributor support services of Mirae Asset Mutual Fund.

• The company provides free Acquisition Support and offers Webinars.
• ARN generation support that enables distributors to maintain the client AUM details and revenue generation information.
• Mirae Asset Mutual Fund provides product training to increase the distributor’s understanding of the company products.
• Free Advisory Support and RM Support can be a lifesaver for distributors who are new in the field.
• The company offers Back Office Support to all distributors. Limited Marketing Support is also available.

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Distributors pay Rs.45,000 – Rs.60,000 to the company for office Expenses. This monthly payment depends on the office facilities, employees, and other factors.

However, a Mirae Asset MF Distributor must know specific office requirements while choosing the space.

• The office space must be at least 100 – 200 Sq. Ft.
• There should be a minimum of two employees in the office.
• Dealer Terminal, Mobile/Telephone connection, and Laptop/computer access are mandatory.
• CCTV coverage, Reception, and Manager’s Cabin are optional requirements.

Mirae Asset Mutual Fund Advisor Dashboard is a helpful tool for distributors.

They can access all information on this dashboard, including the revenue report, account statements, portfolio details, and more.

Distributors may also check their commission report on this dashboard. Distributor login information is necessary to access the dashboard through the link provided in the table.

Mirae Asset Mutual Fund Agent Login

Distributors receive the Mirae Asset Mutual Fund Advisor Login details on the registered email address. This login information, ID, and password are necessary to access the dashboard.

Mirae Asset Mutual Fund strongly suggests that all distributors keep this information private to maintain safety.

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Acquiring the distributorship of Mirae Asset Mutual Fund is simple. For the benefit of the distributors, the entire process is online.

To become a Mirae Asset Mutual Fund Distributor, you have to follow these simple steps:

• Visit the official website to see the “Become a Distributor” button.
• Click on it, and the application form will open.
• Fill up the form by providing your name, address, phone number, email, and other details.
• Write down your bank information and provide a Bank Canceled Cheque.
• Submit PAN, Aadhar, Passport Size Photo, and KYC for verification.
• A distributorship Agreement is mandatory.
• You will get a call from the Mirae Asset Mutual Fund executives, who will help you with the distributorship confirmation process.

You must remember to pass the eligibility criteria for a successful application.

• You must be at least 24 years old.
• You have to be an Indian national.
• The minimum Academic Qualification is graduation in any subject.
• NISM Certificate and ARN Generation are mandatory processes.

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Mirae Asset MF Distributor – Conclusion

A Mirae Asset MF Distributor can benefit from this distributorship in multiple ways.

First, the company provides a high commission percentage that helps you make a good profit.

Secondly, it is one of the best-known AMCs in the industry, so distributors can be sure they will receive their profit.

Thirdly, the company has a high growth rate that offers future security.

The details provided in this article show that a Mirae Asset Mutual Fund distributorship can be a good opportunity for you if you want to start working in this industry.

FAQs on Mirae Asset Mutual Fund Distributor

Here is the list of FAQs related to the Mirae Asset Mutual Fund Distributorship.

How many distributors does Mirae Asset have?

More than a thousand distributors work with Mirae Asset Mutual Fund.

Is Mirae Asset Mutual Fund Agency Safe?

Mirae Asset Mutual Fund is a reliable and safe option. It is one of the most well-known international financial companies operating in India.

What is the Mirae Asset Mutual Fund Distributor Commission?

Mirae Asset Mutual Fund distributor commission is between 1% and 2% of the total client AUM.

How much are Mirae Asset Distributorship Fees?

The Distributorship Fee of Mirae Asset Mutual Fund is Rs. 75,000, one of the lowest in the industry.

Does Mirae Asset provide ARN Generation Support?

Yes. Mirae Asset Mutual Fund provides ARN generation support to the distributor.

Is Mirae Asset a Stock Broker?

No. Mirae Asset Mutual Fund is an AMC, not a stockbroker.

Is Mirae Asset an AMC?

Yes. Mirae Asset Mutual Fund is an asset management company or AMC.

Who is the founder of Mirae Asset?

Park Hyeon-Joo is the founder of Mirae Asset Mutual Fund.

Is Mirae Asset registered with SEBI?

Yes. Mirae Asset Mutual Fund has SEBI registration.

Does Mirae Asset Distributor provide Direct MF Investment?

Yes. Mirae Asset Mutual Fund distributors provide Direct MF investment.