A mutual fund distributor sits between investors and asset management companies — helping people pick schemes that fit their goals, and staying with them afterwards.
What a distributor actually does
- Understands an investor's goals and risk appetite
- Explains scheme categories in plain language
- Handles onboarding, KYC and documentation
- Supports SIPs, lump sums and portfolio reviews
The four steps
| Step | What it involves |
|---|---|
| 1 | Meet the eligibility criteria — 18+, basic qualification |
| 2 | Clear NISM Series V-A certification |
| 3 | Apply for an AMFI Registration Number (ARN) |
| 4 | Empanel with AMCs, or a platform that has done it for you |
Distributor vs adviser
| Mutual fund distributor | Financial adviser |
|---|---|
| Helps investors buy schemes | Broader financial planning |
| Earns distribution commission | May charge advisory fees |
| Needs an ARN | Needs advisory registration |
Where Profyt fits
Once you hold an ARN, Profyt gives you every major AMC from day one, 90% of your commission with no slabs, and a client app under your own brand.