FAQ

Home / FAQ

Frequently Asked Questions

Got questions? We’ve got you covered—here are some quick answers to
help you get the most out of Coinest.

As of 30 November 2025, the Indian mutual fund industry has achieved an Assets Under Management (AUM) of approximately ₹80.80 lakh crore, as reported by the Association of Mutual Funds in India (AMFI). Over the past decade, the industry has witnessed nearly six-fold growth, positioning it among the fastest-growing segments of the Indian financial services sector.

Despite this substantial expansion, the mutual fund industry in India continues to offer significant untapped potential due to the following factors:

  1. Low Market Penetration: Compared to developed economies, India’s mutual fund industry remains at a relatively early stage of maturity The global average AUM-to-GDP ratio stands at approximately 75%, whereas India’s ratio is around 17% (Source: AMFI & World Bank, 2021).
  2. Limited Distributor Base: As of 31 July 2025, India has approximately 1.82 lakh mutual fund distributors, compared to 31.94 lakh insurance advisors, indicating substantial scope for expansion in mutual fund distribution (Source: AMFI & Life Insurance Council).
  3. Strong Growth Outlook: The mutual fund industry is poised to reach the next growth milestone of ₹100 lakh crore AUM and 10 crore investors over the coming decade (Source: AMFI).

This significant gap between investor demand and distributor supply creates attractive and sustainable career opportunities for individuals seeking to enter the mutual fund distribution business.

For Individuals Aspiring to Become Mutual Fund Distributors

To commence a mutual fund distribution business as an individual, the approximate initial investment includes:

  • Moolbazaar Asset Value Pack Registration Fee: ₹4,000
    • ₹2,000 towards NISM Mutual Fund VA Examination study material
    • ₹2,000 towards Moolbazaar Asset subscription fee
  • ARN Application Fee: ₹1,999 + applicable GST, payable separately to CAMS for individual applicants

Note: ARN fees for non-individual applicants differ from those applicable to individuals.

For Existing Mutual Fund Distributors (ARN Holders)

  • Moolbazaar Asset Subscription Fee: ₹1,999

The subscription fee is refundable, subject to the fulfilment of minimum business criteria within the first three (3) months from the commencement of business activities on the platform.

For additional details or clarifications, users are encouraged to contact the Moolbazaar Asset support team through the official communication channels.