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Hello and welcome to money minutes your quick guide to making money'm Kaiden a lasagna there are sever always to invest in a mutual fund one of the most popular ways to invest in mutual fund is through your distributors let#39’s take a look at what kind of different distributors are there out in the market the basic requirement to become a mutual fund distributors is that you know the distributor needs to you know have minimum basic qualification which is to pass a test given out by NI SM NationalInstitute of securities markets and the distributor has to be caved ID compliant cave ID meaning know your distributor complain or these are certain set of documentary norms that have been prescribed by the mutual fund industry for the distributors to be registered with its once the distributor's meet these minimum requirements they can then go onto sell financial products like mutual funds, so there are basically three types of mutual fund distributors the first type is the plain vanilla mutual fund agent now this is the most basic type of mutual fund distributor available out there in the market Thad not this type of distributor does not charge any fee she is just interested in pushing the forms he is a mere seller of financial products of mutual fund schemes as for rough estimates there are about 53,000distributors out there in the industry out of which some will charge fees handsome you know will not charge fees and merely sell products distributors plainvalinamutual fund distributor agents are those who will just sell the products they will not charge you any fees so basically when you invest through this kind of distributors you need to know what kind of mutual fund schemes you want to invest in because you should not expect much advice from this kind of distributors and even if this distributor gives you any advice it Willie incidental the second kind of mutual fund distributor out there is a financial planner now unlike a distributor who Told you do not charge you any fee sand who's only a transaction oriented person a financial planner is actually an advisor so what he does is that you know he will sit with you, he will make holistic financial plan for you, he will take into considerations or expenses your income what are your financial goals and then make comprehensive financial plan for you after he makes the financial plan heals regularly monitors your financial plan and your savings and investment habits to ensure that you are on track to reach your financial goals now financial planner to do all this he will obviously charge you a certain set of fees now there artery rough estimates as to the number of financial planners out there in the market but the estimates that we have is that you know there are about only about fifteen to twenty fee only financial dollars out there in the market meaning to say that only about fifteen or twenty people out there in the country make financial plan for you, they do not help you invest they just make a...
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