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Know everything about Bank of India Mutual Fund Distributor Business here. Check out details like its Distributorship Review & Ratings, Infrastructure requirement, Support details, ROI tenure & more.

Advisor of Bank of India Mutual Fund is a leading Mutual Fund Distributor . You can check all relevant information & take your business investment decision.

Bank of India Mutual Fund Distributor Business Opportunity - Snapshot

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

Bank of India Distributor Ratings by FranchiseByte

Revenue Sharing

4.11 / 5

Distributorship Fees & Investment

4.11 / 5

Support & Training

4.13 / 5

ROI Timeframe

4.17 / 5

Brand Value

4.13 / 5

Overall Ratings

4.15 / 5

Star Ratings


Overview of Bank of India MF Distributor

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

Bank of India Mutual Fund Agent Investment

Distributorship Fee

Rs.80,000

Infrastructure Investment

Rs.40,000 - Rs.60,000

Bank of India Mutual Fund Advisors Commission

Distributor Commission

3 to 4% of AUM

Brand Commission

Zero Commission

Bank of India Mutual Fund Dealer - ROI Details

In Years

3 - 4 Month


Bank of India AMC Distributor Profits Forecast

Check out details like Bank of India MF Advisor Profits, AUM, Expenses & more.

Monthly Income
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%

Bank of India Master Distributorship Details

Distributorship Fees

NA

Infrastructure Investment

NA

Commission% / Revenue Sharing

NA

Infrastructure Required by Bank of India MF Distributor

Shop / Unit Area

150 - 250 Sq. Ft.

Employee Strength

Minimum 2

Research / Advisory

Optional

Trading Terminals Set-up

Optional

Telephone Lines

Compulsory

Computer / Internet Connectivity

Compulsory

Airconditioner

Optional

CCTV Set-up

Optional

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Support provided to Bank of India MF Agent

Offers

Occasionally Available

Client Interaction Training

Available

Relationship Manager Support

Available

Back-Office Support

Available

MF Investment Support

Available

MF Advisory Support

Available

Marketing Support

Partially Available

Business Management Software

Available

Website Support

Not Available

Operation Manual

Available

Training Manual

Not Available

Bank of India Mutual Fund Distributor - Marketing Support

Unit Interior & Exterior Ads

Available

Local Advertisement

Available

Digital Marketing

Not Available

Television Advertisement

Not Available

Prints Advertisement

Not Available

Events/Seminars

Not Available

Training provided to Bank of India MF Advisor

Product Information Training

Provided

Dealers Training

Provided

Service Training

Provided

Bank of India MF Distributor - Products/Service Offered

SIP Mutual Fund

Available

Lumpsum Mutual Fund

Available

Direct Mutual Fund

Available

Equity Trading

NA

Commodity Trading

NA

Currency Trading

NA

Derivatives

NA

Forex

NA

Banking

Available

Insurance

Available

Demat Services

NA

3 in 1 Acount

NA

IPO Services

NA

MF Recommendations

Available

Robo Advisory

NA

PMS

NA

Mobile App

Available

Web Trading Platform

Available

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Qualification Required to Become Bank of India Mutual Fund Advisor

Age Limit

24 Years & above

Business Experience

Optional

Academic Qualification

Graduate

Is ARN Compulsory for Bank of India Distributors or Agents?

ARN number

Complusory

Documents Required to Start Bank of India Agency or Distributorship

Distributorship Agreement

Required

Proprietor Aadhaar Copy

Required

Proprietor Photo

Required

Proprietor / Business PAN Copy

Required

Business TAN Copy

Required

GST Registration Certificate

Required

Proprietor / Business Address Proof

Required

Unit / Shop Address Proof

Required

NISM Certification

Required

NOC of Unit / Shop

Required


Bank of India AMC Dealer Dashboard or Backoffice

Check out link to Bank of India MF Distributor Dashboard or Backoffice here.

Dashboard Access
Bank of India Advisor Dashboard Dashboard or Backoffice Link

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