The Association of Mutual Funds in India (AMFI) has released a campaign through which it aims to bring more mutual fund distributors.
Titled 'karien shure' (should we start), the campaign consists of four films. Through a story in each film, AMFI aims to portray how it can be a lucrative career option for people from different walks of life.
A Balasubramanian, chairperson, AMFI, said, “The Indian mutual funds industry has the potential to cross INR 100 trillion in AUM before 2030. With only about 1.25 lakh mutual funds distributors as of now, the reach of intermediaries is limited. Given this under-penetration, we expect and hope that the 'Karein Shuru?' campaign would help the Indian mutual fund industry to onboard more distributors and reach out to a larger investor base across the country.”
He added, "Becoming a mutual funds distributor needs less than Rs 5,000 as initial investment. Over time a combination of legacy business, new flows, and market appreciation could help mutual fund distributors grow their earnings at an exponential rate. Market appreciation alone would have grown a MFD’s earnings from X to 16X over the past 20 years.”
Vishal Kapoor, director, AMFI, said, "The Indian Mutual Fund industry can serve over 10 crore unique individual investors by 2030 with the active involvement of a large number of informed and qualified distributors across the country. “Karein Shuru?” is an invitation for action, and the campaign aims to inspire individuals from across gender, geography, and age groups to embrace Mutual Fund Distribution as an attractive career option. This would not only assist individuals in becoming successful entrepreneurs but also help in building a financially stronger India.”
N S Venkatesh, chief executive, AMFI, said, “Our in-house research revealed that increasing number of individuals today aspire to have good earnings and yet be their own boss, and even help in serving the society at large. Our unique, 'Karein Shuru?' campaign would precisely help these individuals achieve this aspiration. As a mutual funds distributor, they can help their clients generate wealth over the long term and in turn be rewarded with an enriching career."
The campaign will be running on television, print and digital.