Experts speak: How to become Mutual Funds expert, Rs 23,00,000 crore sector champion

We all know that mutual funds are one of the best ways to invest your money for a long term. But, do you know that it can be a good career option too. If you like investments, love reading about different categories and have a good hand on numbers and calculations, you can become a mutual fund expert professionally. The mutual funds industry is an industry with over Rs 23 lakh crore of investments. On an average, Rs 7,500 crore is put every month into mutual funds. According to experts, the mutual funds industry can double up its valuation to Rs 50 lakh crores in a time of two to three years. 

Think about the opportunities for professionals of this industry and the demand of the workforce to be generated in the coming future. To unfold such opportunities for the young and buzzing generation of India, Zee Business has come up with an initiative in co-association with Essel Mutual Fund, to show the right career path to the students in the industry of money investments.

Here are experiences of a few experts in the industry that will help you chart your own plan. Take a look: 
 
Rajeev Shastri, ED and CEO, Essel Mutual Fund, spoke to Zee Business TV and shared the benefits of being a mutual fund expert. "We all know that there is no asset class other than equity, which consistently creates wealth on a long-term basis, and therefore the industry has immense opportunities for new experts, who can join the industry." 

"The mutual fund industry took 25 years to generate a valuation over Rs 23 lakh crore of investments, but at a rate of 20 per cent growth in number of investments, it will take just four odd years to become an industry of Rs 50 lakh crores." Shastri added.

According to Shastri, only one or two per cent of the population is associated with the industry. That means, there will be a huge demand in the sector in the coming future. 

Anyone can start his\her journey for becoming an investment expert by taking a simple exam conducted by National Institute of Securities Markets (NISM).

Krishna Chokani, an independent financial advisor told Zee Business TV about his experience in the industry. "Anyone looking to take up this business seriously needs to be tech-savvy, even if he\she is not equipped with technology, there are a number of platforms that can be used to generate clients. We have created over Rs 100 crores of AUM from zero AUM because of the backup and support from these platforms". said Chokhani.

"You have to either make a platform or you have to use a ready-made one, in order to set up your journey of a mutual fund expert". Chokhani added.

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Mina Mamtora, an independent financial advisor told Zee Business TV that anyone who is willing to take up the challenges of the industry can be an expert. "I was a housewife till the age of 35 years, with no financial background, I just wanted to make something in the sector and started training myself," Mamtora said.

According to Amit Prabhu, another financial adviser, mutual fund expert can be a full-time career option for individuals. "I had an insurance background under my belt, therefore it was little easier for me to start as a mutual fund expert. But as I was working as an insurance adviser on a part-time basis, I could barely look over my clients. Now, as I am a full-time mutual fund adviser, I can focus more and give more, to my clients.

Misbah Baxamusa, National sales head NJ India Invest, told Zee Business TV, "We have a very solid data to show the new investor and to approach for his contribution." He believes, there is a huge demand for mutual fund experts in the industry as people do not know much about funds and their returns. We have been there from last 20 years and provides new investor, a simple and guiding path to grow his\her money in long-term. 

According to CMO, Essel Finance, Pratap Pandit, the learning should never stop.