Our commitment is clear: Prioritizing People.
Each day, we get the chance to contribute to people's success, emphasizing a focus not on products but on the individuals themselves.
As an independent business, we solely focus on our client’s needs and our success is measured by how much value we add to their lives.
Mutual Fund Sales Specialist - Rabaadi Financial Services
Location: Remote (Anywhere in Maharashtra, India)
About Us: Rabaadi Financial Services is a dynamic financial consulting and product distribution firm dedicated to delivering exceptional investment solutions. We offer a wide range of investment products, including Mutual Funds, SEBI-registered portfolio Management Services, and Alternative Investment Funds. As we expand our sales team, we are seeking motivated professionals to join us as Mutual Fund Sales Specialists.
Position Overview: As a Mutual Fund Sales Specialist, you will be responsible for promoting and selling mutual fund products to both individual and institutional clients. Your role will be pivotal in guiding clients toward achieving their financial goals through well-informed investment strategies.
This position demands strong communication skills, an in-depth understanding of mutual fund products, and the ability to cultivate and maintain client relationships.
Key Responsibilities:
Client Acquisition: Identify and target potential clients for mutual fund investments through referrals, networking, and cold calling.
Product Knowledge: Stay well-informed about mutual fund products, market trends, and investment strategies to communicate effectively with clients.
Sales Presentation: Deliver engaging presentations and meetings to educate clients on mutual fund options and investment advantages.
Client Relationship Management: Build and maintain strong client relationships, offering ongoing support and addressing investment needs and concerns.
Market Research: Keep abreast of market developments, competitor offerings, and industry trends to identify growth opportunities.
Documentation and Compliance: Ensure all sales activities comply with regulatory requirements, maintaining accurate records of client interactions and transactions.
Performance Tracking: Monitor and analyze sales performance, set targets, and develop strategies to meet or exceed sales goals.
Key Benefits:
Competitive Commission Structure: Benefit from a lucrative commission-based compensation package with high earning potential.
Professional Development: Access to training programs and resources to enhance your skills and knowledge in mutual fund sales.
Supportive Environment: Join a collaborative and dynamic team that values teamwork.
Flexible Work Environment: Enjoy a remote work setup with a flexible schedule that supports work-life balance.
Requirements:
Education: A Bachelor’s degree in Finance, Business, or a related field is preferred.
Experience: Minimum of 2 years of experience in mutual fund sales or a similar role in the financial services industry.
Licensing: Must possess or be willing to obtain the necessary licenses (ARN) to sell mutual funds as required.
Skills: Strong sales and negotiation skills, excellent communication and interpersonal abilities, and a customer-focused approach.
Tech-Savvy: Proficiency in using CRM software and other digital tools for sales and client management.
Ideal Candidate:
Passionate about finance and investments with a proactive approach to client acquisition.
Proven ability to meet sales targets and work independently.
Strong analytical skills to assess client needs and recommend suitable investment options.
How to Apply: If you are driven, results-oriented, and eager to advance your career in mutual fund sales, we invite you to apply for the Mutual Fund Sales Specialist position at Rabaadi Financial Services. Apply directly through our website or on Indeed.
Job Types: Part-Time
Expected Hours: No less than 20 hours per week
Schedule:
Day shift
Weekend availability
Pay: Commission-based only.
Experience:
Total work experience: 3 years (Preferred)
License/Certification:
NISM V(A) Certification (Preferred)
Work Location: Remote
Website: www.rabaadifinserv.com
Email: Careers@rabaadifinserv.com
How much can you earn as a Mutual Fund Specialist?
Commission Splits are based on AUM.
₹0-4 Crore, 40% of Brokerage.
₹4-10 Crore, 65% of Brokerage.
₹10 Crore and above, 85% of Brokerage.
Annual Income Range
| AUM (in Crores) | 0.5% Commission (Annual) | 1% Commission (Annual) |
|---|---|---|
| 1 | ₹50,000 | ₹1,00,000 |
| 5 | ₹2,50,000 | ₹5,00,000 |
| 10 | ₹5,00,000 | ₹10,00,000 |
| 20 | ₹10,00,000 | ₹20,00,000 |
How does Trail Commission Work?
Trail Commission on AUM (Assets Under Management):
Trail commission is a type of ongoing commission paid to financial advisors or distributors based on the amount of assets they manage on behalf of their clients. Instead of receiving a one-time commission at the time of sale or account opening, a trial commission is earned continuously as long as the client's assets remain invested.
Here's how it works:
Ongoing Earnings: As an advisor, once you bring a client on board and they invest in mutual funds or other financial products, you start earning a trail commission. This commission is calculated as a percentage of the total assets (AUM) that the client has invested through you.
Percentage-Based: The trail commission is typically a small percentage (e.g., 0.50% to 1%) of the AUM. The exact percentage can vary depending on the product, the fund house, and the agreement between the advisor and the financial service provider.
Cumulative Growth: The more clients you bring in and the more assets they invest, the larger your AUM becomes. Since trail commission is based on AUM, as your AUM grows, so does your income. Additionally, as the value of the investments increases over time due to market growth, your trail commission can also increase without any additional effort.
Long-Term Income: Trail commissions provide a steady income stream over the long term. Unlike upfront commissions, which are a one-time payment, trail commissions reward you for maintaining relationships with your clients and ensuring that their investments remain active.
Client Retention: The key to maximizing your trail commission is client retention. The longer your clients keep their investments with you, the longer you will continue to earn trail commissions. This incentivizes you to provide ongoing support and value to your clients, ensuring their satisfaction and loyalty.
In summary, trail commission on AUM is a way for advisors to earn consistent, long-term income by managing and growing their clients' investments over time. It aligns your interests with those of your clients, encouraging you to focus on long-term success and client satisfaction.
APPLY NOW
We are dedicated to taking a proactive approach towards talent acquisition, seeking individuals eager to improve their knowledge and leverage their talents to become genuine advocates for investments for our clients. If you don’t find an opening that you are interested in, please feel free to fill out the form and share your resume and Area Of Interest at careers@rabaadifinserv.com for consideration in future opportunities.