A mutual Fund is a trust created by a Company with the objective of pooling funds collected by the public to invest in share markets.
The Mutual Funds buy and sell shares in the market regularly. The profit made out of the transaction is distributed among the investors in the form of dividends. If you want to make your career in Mutual Funds you should know the working of mutual funds, the share market, and the ups and downs in the economy which affects the share market. The investors in Mutual Funds are generally the educated class of the society. You have to be knowledgeable to answer many questions frequently asked by your customers.
A degree from a reputed university will be an added qualification if you want to pursue a career in Mutual Funds. You can join a Mutual Fund as an advisor. You will be advising your customers on the latest plans of your company, the investment opportunities, the procedure for investment and the latest changes in the investment scene. You have to identify and select your customers. You have to prepare a database of your customers and should be in constant touch with them. You have to upgrade your knowledge everyday with regard to the new plans offered by mutual funds and convey the same to your customers. Whenever your company declares dividend you should immediately convey the same to your customers and prepare necessary papers to claim the dividend.
The boom in the share market will increase the value of the units in the Mutual Fund. You have to immediately advice your client to sell the units and make money. The career in Mutual Funds is purely customer related. So, your communicating skills play a very important role in shaping your career in the Mutual Funds. You should not loose your cool to the various questions raised by your customers or the sarcastic comments made by them. You will be paid a small percentage as commission for your services. The career will enhance your good will in the society particularly with the investing public, provided your services are good.
