Mutual Funds Brokerage?
Mar.01, 2010 in
General
hi there,
am planning to take ‘wealth management’ as a career.
I want know, how much percentage does a Mutual fund broker gets from MF company (or AMC)?
also, is it different for ELSS or non-ELSS funds?
So, lets say if my client invests 10,000 how much i will get from MF company?
warm regards,
Gyaan Guru
March 1st, 2010 at 7:57 am
you will get below 2% depending amc,s and fund type. and also you will get amfi certification
March 1st, 2010 at 8:10 am
It depends on the nature of funds. For example, if its NFO, then brokrage would be around 5% wheares in existing funds, the brokrage is 2.25%. Its again different for ELSS funds. Hope it makes sense to you.