NJ Wealth calls entrepreneurs to join MF distribution biz

NJ Wealth, a mutual fund distributor on Thursday said that the mutual fund distribution business is a promising business opportunity and hence, it called for more individuals to enter this field. NJ Wealth informed it has more than 32,500 active distributors spread across India who are working towards spreading financial awareness and providing access to mutual funds.

According to Association of Mutual Funds in India (AMFI), there are 1.31 lakh distributors in 2023. Citing AMFI report the MF distributor pointed out that despite the growing awareness of mutual funds, it is estimated that only 2.6 per cent of India’s population has invested in mutual funds.