Prefer full-service broking and demat? You can also become an Authorised Person — or do both.
A growing opportunity in mutual funds
More Indians move from traditional savings to mutual funds every year — yet the country is still served by a relatively small pool of distributors. That gap is your opportunity to build a long-term, income-generating practice.
Source: AMFI monthly industry data for October 2026 (released 11 November 2026). Industry figures, shown for context — they are not PCJ figures and do not indicate future growth.
₹83 lakh crore+ industry
India’s mutual fund industry has grown to record assets under management (Source: AMFI) and keeps expanding as more households invest.
Low penetration, high headroom
Mutual fund penetration in India remains well below developed markets — most investors still don’t have a trusted distributor to guide them.
The SIP habit is booming
Monthly SIP contributions are running above ₹32,000 crore. Recurring investments mean recurring trail income for the distributor who onboards them.
Who can start a mutual fund distribution business?
You don’t need a finance degree or an office. If you are 18 or older, clear the NISM-Series-V-A exam and hold an ARN, you can distribute mutual funds. People who commonly take this route:
Insurance & financial product agents
Add mutual funds for the clients you already serve.
Accountants & tax practitioners
Your clients already trust you with their paperwork.
Working professionals
Start part-time and build a client base at your own pace.
Retired bank & finance staff
Put decades of customer relationships to use.
Homemakers & graduates
A home-based practice that needs very little capital.
Existing ARN holders & Authorised Persons
Already registered? Empanel and use the PCJ Wealth platform.
If you are employed or belong to a professional body, check its rules on outside business before you apply. Full eligibility & documents are listed below.
Everything you need to distribute mutual funds
Partner with an AMFI-registered Mutual Fund Distributor (ARN-63632) and a member of NSE, BSE, MCX & NSDL — at zero setup cost.
Attractive trail income
Earn ongoing trail commission on the regular-plan assets your clients hold — transparent sharing of 60% to 80%, rising with your book. See the slabs.
All fund houses, one platform
Offer schemes across leading AMCs through the PCJ Wealth portal & app — SIPs, lumpsum, switches and redemptions in one place.
Paperless client onboarding
Digital KYC and quick account opening so your clients can start investing in minutes, from anywhere.
Back-office & reporting
Consolidated dashboards, AUM and brokerage reports, and client statements — handled for you.
Training & market insights
Product training, NISM/ARN guidance and regular market updates to keep you and your clients informed.
Built-in CRM
Leads, tasks, opportunities, meetings and client documents in a CRM that is part of the platform and linked to the app.
A Relationship Manager for you
Every partner gets a named PCJ Relationship Manager to contact directly for onboarding, process and day-to-day operational queries — by phone, WhatsApp or email, 9:00 am – 5:30 pm on working days.
Client-education material
Free SIP, lumpsum, step-up and SWP calculators, plain-language guides and Hindi explainers on pcjholdings.in to share with your clients.
A joining kit on day one
Every new partner gets a PCJ joining kit — material that helps you understand the market, the products and the platform before you meet your first client.
One platform, three views
PCJ Wealth runs on the web, Android and iOS. You see your business, manage your leads in the built-in CRM, and your clients see their investments.
Your business at a glance
The partner back office shows your whole book in one login, so you don’t maintain spreadsheets.
- Business dashboardAUM, number of investors, SIP amount and count, and the month’s investments and redemptions
- Business analyticsAUM, cash-flow and SIP reports — running, new, stopped and missed SIPs, inactive clients, client acquisition
- Brokerage analysisMonth-wise brokerage by fund house, with earning rates and reconciliation
- Client search & portfolio valuationOpen any client’s holdings before you speak to them
- AlertsUpcoming SIPs, client birthdays and anniversaries
- Email & WhatsApp scheduler, marketing resourcesSend statements and ready material to clients
Sample partner login shown as “XYZ Pvt. Ltd.” Tap a screen to enlarge.
A CRM that comes with it
The CRM is part of the same platform and is linked to the app, so your prospects and clients sit in one place.
- LeadsReceived, pending and converted leads at a glance
- Tasks & calendarFollow-ups and events for the day
- Opportunities & meetingsTrack what is open and keep meeting notes
- WhatsApp & documentsClient messages and paperwork kept with the client record
- Client eventsBirthdays, wedding and investment anniversaries
Sample partner login shown as “XYZ Pvt. Ltd.” Client names are blurred. Tap to enlarge.
What your clients get
Every client you onboard gets the PCJ Wealth app and web portal.
- Web, Android and iOSThe same account on the portal and the mobile app
- Live portfolioHoldings, SIP instalments, current value and XIRR
- Goals & planning toolsCalculators for SIP, lumpsum and goals
- A person behind the appPCJ staff your clients can reach for process help
How to become a Mutual Fund Distributor
New to distribution? Becoming an MFD is straightforward — and PCJ guides you at every step. Already ARN-certified? You can partner with us right away.
How a Mutual Fund Distributor earns
Distributors are paid trail commission by the fund house — not by the investor — on the regular-plan assets their clients hold.
Paid on assets, not on sales
Trail is calculated on the market value of your clients’ holdings in regular plans, so it rises and falls with that value.
It continues while clients stay invested
There is no one-time payout to chase. Servicing clients well, so that they stay invested, is what builds the income.
Rates are set by the fund house
Trail rates differ by scheme and fund house, and a fund house can revise them.
Trail arithmetic — try your own numbers
Simple arithmetic on the inputs you choose (assets × rate × your slab share), before GST and TDS. Trail rates differ by scheme and fund house and can change. Client assets move up and down with the market. This is not a promise, projection or estimate of your income.
What PCJ shares with you
You receive a share of the brokerage PCJ gets from fund houses on your clients’ regular-plan assets. The share rises with the assets you service:
- 60%Up to ₹10 crore
- 65%₹10 – 20 crore
- 70%₹20 – 35 crore
- 75%₹35 – 50 crore
- 80%Above ₹50 crore
Share of brokerage by assets serviced. The slab that applies and the full terms are set out in your empanelment agreement; GST and TDS apply as per law. Brokerage rates are set by fund houses and can change.
Ready to empanel? Do it online
Already ARN-certified — or ready to begin — complete your MFD empanelment online: your details, ARN / NISM, bank and documents in about 10 minutes.
Eligibility & requirements
Individuals
- Citizen of India, at least 18 years of age.
- Passed the 10+2 (HSC) examination or equivalent; a graduate degree is preferred.
- NISM-Series-V-A: Mutual Fund Distributors certification (we help you obtain it if you don’t have one).
- A valid AMFI Registration Number (ARN) and EUIN — or the willingness to obtain one.
Firms, LLPs & corporates
- The entity must hold a corporate ARN, with employees who are individually NISM-certified EUIN-holders.
- The object clause of the deed / memorandum must permit the distribution of financial products.
- Adequate infrastructure — office space, systems and manpower — to service clients across your territory.
Documents Required
What a Mutual Fund Distributor does
Understand your clients
- Understand each client’s goals, time horizon and risk appetite.
- Explain scheme categories and help them set up SIPs in the schemes they choose.
Onboard & service
- Complete KYC and account opening, and process investments, switches and redemptions.
- Provide ongoing service, periodic statements and timely updates.
Stay compliant
- Follow AMFI’s code of conduct and SEBI norms at all times.
- Disclose that you distribute regular plans and earn commission; always act in the client’s interest.
A Mutual Fund Distributor distributes regular plans of mutual funds and earns commission — this is distinct from investment advisory, which is provided by SEBI-registered Investment Advisers. Direct plans are available to investors without a distributor. Mutual fund investments are subject to market risks; read all scheme related documents carefully before investing.
Ready to build your MF distribution business?
Fill in the online empanelment form and our partnership team will guide you through ARN certification and onboarding.
Mutual Fund Distributor — Frequently Asked Questions
An AMFI-registered person or entity who helps investors invest in mutual funds — completing KYC, processing transactions and providing ongoing service — and earns commission from the Asset Management Company on regular plans.
Yes. You must clear the NISM-Series-V-A: Mutual Fund Distributors certification and obtain an AMFI Registration Number (ARN) and EUIN. If you don’t have one yet, PCJ guides you through the process.
MFDs earn trail commission from Asset Management Companies on the regular-plan assets their clients hold. Trail income is recurring and grows as your clients’ investments grow. There are no guaranteed returns or fixed income.
Yes. Many partners offer both — trading and demat as an Authorised Person and mutual funds as a distributor — to serve clients fully and increase income per client.
No. Distribution and investment advisory are separate activities. MFDs distribute regular plans and earn commission; investment advice is provided by SEBI-registered Investment Advisers (RIAs). Direct plans are available to investors without a distributor.
Yes. Many distributors begin alongside a job, practice or business and grow from there. You still need the NISM-Series-V-A certification and an ARN, and you must be available to service your clients. If you are employed, check your employer’s rules on outside business first.
PCJ does not charge a setup fee to empanel. You pay NISM its fee for the Series V-A exam and AMFI its ARN registration fee directly. Both are revised from time to time, so check nism.ac.in and amfiindia.com for the current amounts.
It is a computer-based test run by NISM: 100 multiple-choice questions in 2 hours, with 50% needed to pass and no negative marking. The certificate is valid for 3 years and can be renewed. Please confirm the current pattern on nism.ac.in before you register.
After passing the NISM exam you apply online to AMFI; applications are processed through CAMS. Individuals are also allotted an EUIN. You will need your NISM certificate, PAN, Aadhaar, bank details and a photograph. Our team helps you through the form.
If you already hold an ARN, the online empanelment form takes about 10 minutes and our partnership team responds within one working day; you can begin once your documents are verified. If you are new, the time depends mainly on your exam preparation and AMFI’s processing of your ARN.
Yes. Client onboarding, KYC and transactions on PCJ Wealth are online, so you can serve investors anywhere in India.
Fund houses pay trail commission to PCJ on regular-plan assets, and PCJ shares it with you by slab: 60% for up to ₹10 crore of assets serviced, 65% for ₹10–20 crore, 70% for ₹20–35 crore, 75% for ₹35–50 crore and 80% above ₹50 crore. The terms are written into your empanelment agreement and explained before you sign. Commission is subject to GST and TDS as applicable.
No. PCJ does not set a business target or a minimum for its distribution partners. You grow at your own pace; your Relationship Manager is there to help with process and operations.
Yes. Existing ARN holders can empanel with PCJ for new business. Moving existing client investments follows AMFI’s change-of-distributor process and needs each investor’s consent; our team will explain the options.