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.
₹50 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 keep hitting new highs. Recurring investments mean recurring trail income for the distributor who onboards them.
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, competitive sharing that grows with your book.
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.
Multi-product growth
Grow beyond mutual funds into equity, IPOs, bonds and more under the PCJ umbrella to raise your income per client.
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.
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.
- Help them choose suitable mutual fund schemes and set up SIPs.
Onboard & service
- Complete KYC and account opening, and process investments, switches and redemptions.
- Provide ongoing service, portfolio reviews 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?
Tell us about yourself 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.