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

Become a Sharekhan Mutual Fund Distributor Today! Sharekhan is one of the famous full-service brokers known for offering investment services to its investors.

The broker has many mutual fund schemes listed from many fund houses. Sharekhan allows investors to invest in SIPs and lumpsum payments.

If you want to be a Sharekhan Mutual Fund Seller, read through our review, as the broker has fantastic facilities for their brokers.

This article will discuss everything about the Sharekhan Mutual Fund Advisor in detail, including charges, offerings, customer support and SWOT analysis.

Why become a Sharekhan Mutual Fund Distributor?

If you are looking to be a Sharekhan Mutual fund advisor, here are some of the reasons that you should know for joining Sharekhan Mutual Fund Distributor:

• The Sharekhan Mutual Fund distributor boasts about their 7000+ network of agents. They have a significant offline presence spreading throughout the country.
• The MF Distributor has a fantastic IT team to help new joiners and experienced distributors log in and operate their dashboards.
• The broker provides lifetime tenure for distributorship tenure.
• The Sharekhan Mutual Fund distributor provides all kinds of advisory services to the agents to help them know the products and services offered by the MF distributor.

We need to do some calculations to calculate the Sharekhan Mutual Fund distributor commission.

Suppose you are investing INR 98,000 to 1,28,000. Once registered with Sharekhan, you will earn a commission of 0.75% to 1.5% of the total value of invested capital.

If you have invested INR 3,00,000 with Sharekhan, you can make a commission ranging from 2250 to INR 4500.

But this will keep increasing as you work on bringing more clients to the company. The average monthly profit with the Mutual fund seller is INR 65,620, and you can grow as per your hard work in the financial sector.

To become a Sharekhan Mutual Fund advisor, every agent has to pay a one-time fee. The one-time fee can range from INR 73,000 to 1,03,000.

Apart from one-time charges, there are monthly office expenses, too. Sharekhan also allows their agents to work from home, which will account for nil monthly expenses, but if you wish to have a commercial office, then the expenses can be INR 25,000.

The Sharekhan Mutual Fund advisor cost includes monthly payments and one-time fees. You can recover the cost within a month or two if you get new clients.

Sharekhan Mutual Fund Distributorship – Expected Profits & Income

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

Being a Sharekhan Mutual fund distributor is difficult. Still, you should know the expected profits and income to clearly understand how much you can earn by being associated with Sharekhan.

Suppose you have 25 clients making lumpsum investments of INR 92,000 (per client). The Total AUM (LUMPSUM) will be INR 23,00,000.

You have 735 clients for SIP, and everyone invests INR 9200 monthly. Your total AUM (SIP) will amount to INR 67,62,000. The total AUM will be INR 90,62,000.

If your commission is 1%, you will be entitled to INR 90,620, but you will also have some office expenses of INR 25,000.

The final income will be INR 65,620, showing you earn 72.41%. It’s a good income, especially for a start.

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We are listing in this section Sharekhan Mutual Fund agent offers for you. Have a look:

• The commission with the Sharekhan Mutual fund is 1% on average; it is an excellent way to earn money by bringing new customers to the mutual fund.
• Although they do not offer direct mutual funds, they provide free guidance to the agents. It will be beneficial for the newcomers who are trying hard to make their career in the industry.
• To be a Sharekhan Mutual fund agent, you must invest your money. The investment is small as you will get returns from the first month.

Sharekhan Mutual Fund Distributorship SWOT Analysis

Here is the detailed SWOT analysis related to the Sharekhan Mutual Fund Distributor:

Strength:

• Sharekhan has one of the industry’s most extensive networks of over 7000 distributors.
• The company has a robust IT infrastructure to support its agents working from remote locations.
• The distribution tenure provided by them is for a lifetime. The agent must pay once, and they can enjoy Sharekhan services for a lifetime.
• Have pan India presence for over 1500 offices in 450 cities.
• Offers a wide range of innovative financial solutions.

Weakness:

• Do not offer Direct mutual funds.
• The Algo trading platform is not offered in the Sharekhan MF portfolio.
• The commission is less for new traders.

Opportunities

• Webinar options should trigger the motivation level of agents.
• There is a lot of scope in Tier-3 cities; Sharekhan should tap it.
• Marketing efforts should be made to grow the distributor’s network.

Threats:

• Fluctuation in the stock market can influence Mutual Funds too.
• The importance of modern tools like webinars cannot be ignored.
• Entry of new companies into the Indian Market.

The Sharekhan Mutual Fund provides excellent support to its distributors. The support services with the Sharekhan Mutual Fund range from advisory support, marketing support, RM support, product training, acquisition support, etc.

They provide everything to the new distributors so they do not feel alone on the platform. They also handle all kinds of paperwork on the distributor’s behalf to ensure everything is in order.

The distributors enrolling themselves with the Sharekhan Mutual Fund should be worry-free as they not only help set up a robust back-office, but a dedicated RM will also be present to handle all the queries.

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With Sharekhan, it is optional to have an office. The distributor can work from their home, too.

However, having an office allows the distributor to work in the discipline. For setting up a Sharekhan MF distributor office, you can have a space of 150-200 sq ft and manage it with an employee to help you.

But all these requirements are optional. You can take care of them at your convenience. A dealer terminal, CCTV coverage, laptops, and mobiles are compulsory for better functioning.

If you work from an office, try to have one at a commercial place to invite client walk-ins.

As there is no specific requirement for office space shared by Sharekhan, the distributor can have one as per their requirements.

The Sharekhan Mutual Fund advisor dashboard is a fully functional platform that allows the distributor to have a back-end dashboard to measure that progress. The dashboard enables the distributor to log in through the credentials emailed to them on registration. They can set their password and start working. The dashboard allows the distributor to look at the current products offered by the MF, and they can look at their commission from time to time to keep themselves motivated. The dashboards can be accessed from any location, and contact the MF managers when required. The dashboard helps in connecting the distributor to the MUtual fund. The information about various MF offerings is also in the dashboard, which can be downloaded if required.

Sharekhan Mutual Fund Agent Login

The distributor must generate their Sharekhan Mutual Fund advisor Login to start working with the company.

On login, they will get through the dashboard to access all the stuff for helping people make their investments.

The login credentials are essential and should not be shared with anyone else. Dashboard link allows the distributors to log in and start their investment journey with Sharekhan.

Sharekhan has a great team to help their distributors access the dashboard correctly, so there is no issue for them while signing up new clients.

The Sharekhan MF ensures that every distributor receives their login credentials and can access and operate the dashboard properly.

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To be one of the Sharekhan Mutual Fund distributors, the applicants need to follow the below-listed steps:

• The applicant should be 21 years old and have a flair for learning about financial products and selling them.
• They should be Indian Citizens.
• Also, they should have completed their graduation degree. The stream has no restrictions, but a passing degree is required.
• One of the other requirements is they should have cleared the NISM certificate.
• If you have all the above credentials, you can register with Sharekhan MF.
• First, reach out to the tab at the bottom of the page called “Become a distributor”. Once you do, a form will appear, and you must provide your details to complete the form.

You will receive a call from the company executive, and they will guide you to register with the MF distributor.

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Sharekhan MF Distributor: Conclusion

If you want to make your career in finance, then being a Sharekhan MF distributor is the best step towards a successful career.

The MF company will help you reach out to many clients along with them and help them out with investments.

You don’t need much money to be a Sharekhan MF Distributor. The distributor can start with 1 lakh to 1.5 lakhs.

As per the company, the distributor can start making money within one or two months.

Sharekhan Mutual Fund distributor can trigger your career in the finance sector, and your progress every month will motivate you to extend your network and market your services well.

FAQs Sharekhan Mutual Fund Distributor

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

How many distributors does Sharekhan have?

Sharekhan has more than 7000+ distributors, but the actual count still needs to be revealed.

Is Sharekhan Mutual Fund Agency Safe?

Yes, Sharekhan is a reliable and safe Mutual fund company with a strong parent company, i.e. BNP Paribas has an excellent track record in the industry.

What is the Sharekhan Mutual Fund Distributor Commission?

The Sharekhan Mutual Fund distributor commission is 0.75% to 1.5% of AUM.

How much are Sharekhan Distributorship Fees?

The one-time Sharekhan distribution fee is Rs.98,000 – Rs.1,28,000. Do know that there will be office expenses for you, too.

Does Sharekhan provide ARN Generation Support?

Yes, Sharekhan provides ARN Generation support to the users.

Is Sharekhan a Stock Broker?

Yes, Sharekhan is the third largest stock broker in India.

Is Sharekhan an AMC?

No, Sharekhan is not an Asset management company.

Who is the founder of Sharekhan?

The founder of Sharekhan is Jaideep Arora, who started the company in 2000.

Is Sharekhan registered with SEBI?

Yes, Sharekhan is registered with SEBI and follows all its rules and regulations.

Does the Sharekhan Distributor provide Direct MF Investment?

No, Sharekhan Distributor does not provide direct MF investment.