The Bank of India Mutual Fund Distributor Program stands as a pinnacle in the financial landscape, offering aspiring individuals a gateway to success as Bank of India Mutual Fund Agents.
This program is meticulously designed to empower professionals with the comprehensive knowledge and skills necessary for excelling in the dynamic mutual fund industry.
As a Distributor, participants gain access to a robust support system, cutting-edge technology, and a diverse range of mutual fund products, enabling them to cater to the unique financial needs of clients.
Joining this program opens doors to a rewarding career in financial services, backed by the credibility and expertise of Bank of India.
Line of Business
Mutual Fund Distributor
Unit / Shop Area
150 – 250 Sq. Ft.
Commission% / Revenue Sharing
3 to 4% of AUM
Total Investment
Rs.1.2 Lakh – Rs.1.4 Lakh
ROI Timeframe
3 – 4 Month
What do you know about Bank of India Mutual Fund Distributorship Program?
About the Brand
Industry
Finance & Money
Business Line
Mutual Fund Distributor
Organization Type
Public
Head Office
Mumbai
Founder
Mohit Bhatia
Founded In (year)
2007
No. of Distributors
300+
Master Distributorship
Not Available
Distributorship Tenure
2 years
Distribution Location
All over India
Business Set-Up Time
30 days
Distributorship Commencement Year
2008
How much does Bank of India Mutual Fund Distributor Cost?
Investment by Distributor
Distributorship Fee
Rs.80,000
Infrastructure Investment
Rs.40,000 – Rs.60,000
What is Bank of India Mutual Fund Agent Commission?
Commission% / Revenue Sharing
Distributor Commission
3 to 4% of AUM
Brand Commission
Zero Commission
How much you can earn from Bank of India Mutual Fund Advisor Program?
Monthly Revenue
Active Lumpsum Clients
15
Avg. AUM per Client – Lumpsum (Rs.)
95,400
Total AUM – Lumpsum (Rs.)
14,31,000
Active SIP Clients
150
Avg. AUM per Client – SIP (Rs.)
9,540
Total AUM – SIP (Rs.)
14,31,000
Total AUM (Rs.)
28,62,000
Distributor’s Income (4% of AUM) (Rs.)
1,14,480
Monthly Expenses
Office Rent (Rs.)
14,000
Telecallers Salary (Rs.)
16,000
Dealer Salary (Rs.)
18,000
Misc. Expenses (Rs.)
5,000
Total Expenses (Rs.)
53,000
Monthly Profit
Net Profit (Rs.)
61,480
Profit Margin
54%
How much time does it take for Bank of India MF Distributor to breakeven?
ROI Timeframe / Breakeven Time
In Months
3 – 4 Month
How to access Bank of India Mutual Fund Distributor Dashboard?
This program is meticulously designed to empower professionals with the comprehensive knowledge and skills necessary for excelling in the dynamic mutual fund industry.