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Financial Advisory Queries

What is the minimum business criteria

This is my 5th year of LIC agency. I would like to know the MBG Criteria. Now I have completed 5 lives & Rs. 110000 premium & my agency ends this October 2016. Please answer me as early as possible because I have only 4 days for my agency year to complete?

Oct 26, 2016 by Sandhya, Bangalore  |   Financial Advisory
You must take up this matter with the branch you are enrolled in as LIC agent or with your... Read More

What more services your company provide to the financial advisor

What more services your company provide to the financial advisor?

Oct 13, 2016 by Manish, Sonipat  |   Financial Advisory
We make website for financial advisors which has features like, tools & calculators, mutual fund research, News etc. and client portfolio tracker... Read More

How can I pursue CFP program

I have worked with SBI as a Assistant from June-2001 to March-2008 and also worked with Income Tax Department as a Tax Assistant from Aug-2009 to March-2016 and quitted the job due to personal reasons. Further I completed graduation in Economics and now I want to become a Certified Financial Planner or Certified Financial Advisor. Whether both the term are same or there is any difference between these two and also suggest me what is the eligibility criteria to appear for this exam and what is the syllabus and from which institute these exam is conducted?

Sep 23, 2016 by Chandrashekhar.Rathod, Hyderabad  |   Financial Advisory
CFP is the right course if you want to pursue career in financial planning / investment advisory... Read More

Can you compare MFU and NSE platform or any other platform for my investors

I need comparison among MFU, NSEnMF and any other software/package against my requirement of giving online solution/access to my clients for subscription to investment/redemption/switching/Portfolio watch etc. If you could please suggest and advise in this matter?

Jun 13, 2016 by Arvind Arora, New Delhi  |   Financial Advisory
MF Utility (MFU) is an initiative from the Mutual Fund Industry which offers convenience to Distributors and RIAs for transacting in Mutual Fund schemes. MFU facilitates the investors of the Distributors or RIAs with... Read More

How to help clients view their portfolios on phone

How can I view returns of the companies registered with Karvy other than from karvymfs.com. The companies registered with CAMS are easy to track since CAMS has an app on the phone, but I am not able to find the app of Karvy. I need my clients to track their returns on the phone.

Apr 28, 2016 by Umang Jhaveri, Mumbai  |   Financial Advisory
From your query it is not clear if you want to check the return of companies or Mutual Funds from karvymfs.com. You have mentioned companies but I guess you want to see the returns of Mutual Funds... Read More

How to renew the expired ARN Number

The validity of my ARN 17183 has been expired during March 2013. I want to get it renewed again. The procedure of which may kindly be known to me?

Nov 4, 2015 by Smita Agarwal, Lucknow  |   Financial Advisory
Since your ARN has expired a long time back, you need to submit a renewal application to AMFI along with the renewal fee (details are available on the AMFI website). The validity of your renewed ARN issued... Read More

Eligibility to be a mutual fund distributor

Can I sell mutual fund to people after AMFI pass being a salaried person of insurance company?

Oct 30, 2015 by Nayan Mondal, Santiniketan  |   Financial Advisory
You can be a financial advisor by obtaining a valid certification from the National Institute of Securities Market(NISM) by passing their certification examination 'NISM Series V-A : Mutual Fund... Read More

PRE CLOSURE OF HOME LOAN

I'm 42 years old and working in a private company. I've availed home loan from LIC on floating interest right now it is 12%. My total loan tenure is 19 years and loan amount is 24lack & EMI is 28098. Most of the banks reduced their rate of interest but LIC is not yet done. In this situation when I approached LIC for pre closure of my loan through other banks take over system they told me that if you close the loan before the stipulated time with your own source of income with necessary proof you won't get pre closure charge if you go for other banks take over you have to pay 2% on loan outstanding as a pre closure charge is it true? Is it advisable to change to other banks or continue with LIC? As of now I've 10000 as surplus money to invest my question is whether I include this in my home loan EMI or invest in any SIP for 3 to 5 years and use it to pay the loan as part payment. Which one is best still I've to pay 22lack. As a first time investor which one is best for me with respect to my condition?

Sep 18, 2015 by V.G. Chandrasekaran, Coimbatore  |   Financial Advisory
Unfortunately in India there is a cost associated with refinancing your home loan. You have to pay a pre-payment penalty if you are getting your home loan refinanced by another bank instead of pre-paying from... Read More

What is the minimum business LIC agents have to do

What is the minimum business guarantee for LIC Agent?

Sep 9, 2015 by Ravindra Bahadur Srivastava, Allahabad  |   Financial Advisory
The minimum business guarantee criteria for LIC agents are as follows - First Year: 6 life insurance policies and Rs 50,000 first premium income, Second Year: 6 life insurance policies and Rs 50,000 first... Read More

Certification for Financial Advisor

Can you suggest best Institute to get Certification for Financial Advisor?

Aug 31, 2015 by Vishnu, Bangalore  |   Financial Advisory
You can be a financial advisor by obtaining a valid certification from the National Institute of Securities Market(NISM) by passing their certification examination 'NISM Series V-A : Mutual Fund... Read More
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