Mutual fund Agents
Any firm or an individual who facilitates buying and selling of units within a mutual fund between an AMC (Asset Management Company) and interested investors, is categorised as a mutual funds distributor. A distributor is basically an agent supplying goods to a retailer.
Unlike other professionals, mutual fund distributors do not gain a fixed income. The value of the mutual fund agent commission depends on three essential factors. Whether the scheme pertains to equity, debt or hybrid, a mutual fund agent can earn between 0.1 to 2 per cent behind every successful purchase of units.
